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^ you did not help me in anyway. thanks for wasting my time.. bye.
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This Thread particularly doesn't recieve much of the traffic so I believe making it sticky would not be such a good idea.This topic should pe sticked!!!
I will surly discuss this with other Moderators and would let u know.May b bcx ppl dont see this thread!
I asked from the global moderator and I don't think there is any reason to make it sticky. SorryTopic should be sticky
whyyI asked from the global moderator and I don't think there is any reason to make it sticky. Sorry
What is the statement of affairs?
what is the format for the statement of affairs?
How do we find out capital(opening AND closing)?
Why do we need to find out the capital introduced during the year?
How do we find out sales and purchases? @salman pk
Statement of financial position basically show the financial position of a business at a particular date.
Format
Fixed assets xxx
current assets xxx
L:current liabilities (xx)
working capital xxx
l:loan (xx)
net assets xxx
capital at start of period xxx
a: net profit xxx
L: drawings (xx)
capital at end xxx
Note: working cap= CA- CL
Net assets= FA + WC -Loan
Capital at end= Cap at beg + NP - drawings
Capital= All assets - all liabilities
Sales and purchases are of two types:
Credit and cash. Credit sales n purchases can be found through CONTROL ACCOUNTS while those on cash are recorded in cash book
"Additional INV" what does this mean? investment?
some examples would be really helpful
Visit here : http://www.scribd.com/doc/51241192/O-Levels-Accounting-Notes-www-O-Alevel-comCompiled accounting notes pleaseeee....
no problemWhere were you WALEED..? What an Angel you are. You just pulled me out of one heck of a problem. Thanks.. sorry for going off the topic
here u goCompiled accounting notes pleaseeee....
sum moreCompiled accounting notes pleaseeee....
Thank you so much.sum more
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