The Preparation of Financial Statements

Financial Statements of a Sole Trader

Income Statement

Statement of Financial Position

Financial Statements of a Partnership

Partnership Agreement

Income Statement

Appropriation Account

Capital & Current Accounts

Statement of Financial Position

Incomplete Records

Incomplete Records

Statement of Affairs

Calculating Values using Control Accounts

Calculating Values using Accounting Ratios

The Calculation & Interpretation of Accounting Ratios

Profitability Ratios

Liquidity Ratios

Financial Statements of a Manufacturer

Income Statement & Statement of Financial Position

Accounting for End of Period Adjustments

Adjustments to Financial Statements

Depreciation

Irrecoverable Debts

Other Receivables & Payables

Summary of Adjustments