Task 3 Accounting workshop

Your line manager wants to run a workshop to improvedelegates accounting skills. You must provide the answers to the planned workshop activities so your line manager can check they are correct! Provide a profit and loss account for delegates to use.

a) Interpret the information on the profit and loss account

Extension activities:

To gain a merit grade you must also:

using the same accounts, use business ratios to analyse business performance

To gain a distinction grade you must:

using a second set of accounts, inclusive of budgets, profit and loss accounts and cash flow predictions analyse business performance

LO3 AC 3.1