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Financial Reports: Trading, Profit & Loss, and Balance Sheet

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The document discusses key financial accounts and statements prepared by organizations, including the trading account, profit and loss account, and balance sheet. The trading account compares sales revenue to cost of goods sold. The profit and loss account calculates net profit or loss by deducting expenses from gross profit. The balance sheet shows the organization's assets, liabilities, and capital at a point in time.

BusinessEconomy & Finance
1 of 35
Financial Accounts
Financial Statements ,[object Object],[object Object],[object Object],[object Object],[object Object]
Trading Account
Trading Account ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Profit & Loss Account
Profit & Loss Account ,[object Object],[object Object],[object Object],[object Object]
Profit & Loss Account ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Profit & Loss Account ,[object Object],[object Object]
Profit & Loss Account ,[object Object],[object Object],Trading & Profit & Loss Account Terminology
Questions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Solution
Balance Sheet
Balance Sheet ,[object Object],[object Object]
Balance Sheet ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Balance Sheet ,[object Object],[object Object]
Balance Sheet ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Balance Sheet Terminology
Questions ,[object Object],[object Object],[object Object],[object Object],[object Object]
Solutions
Question ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Solution Q1 ,[object Object],[object Object]
Solution Q2 ,[object Object],[object Object],[object Object],[object Object]
Interpreting Final Accounts ,[object Object],[object Object]
Interpreting Final Accounts ,[object Object],[object Object],[object Object],[object Object],[object Object]
Question ,[object Object],[object Object]
Solution ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Interpreting Final Accounts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Interpreting Final Accounts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Trading Profit & Loss Account Terminology ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Balance Sheet
Trading Profit & Loss Account Terminology ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Balance Sheet
Trading Profit & Loss Account Terminology ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Balance Sheet
Trading Profit & Loss Account Terminology ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Balance Sheet
Balance Sheet Terminology – Limited company ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Interpretation
Balance Sheet Terminology – Limited company ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Interpretation
Balance Sheet Terminology – Sole trader or partnership ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Interpretation
Balance Sheet Terminology – Sole trader or partnership ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Interpretation

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