Understanding Financial Accounts

Understanding Financial Accounts

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This text is an introduction to financial accounting. It helps readers to become familiar with accountancy terms and shows how to understand the financial situations of companies. Samples show how to create a balance sheet and profit and loss accounts.In the manufacturing scenario they are easy to calculate. They are the costs directly linked to production. In other types of business they may, however, be more difficult to identify. Example As an example, consider a car repair workshop.

Title:Understanding Financial Accounts
Author: Phil Stone
Publisher:How To Books Ltd - 2003

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