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Financial Accounting
TASK 2.......................................................................................................................................2
Conclusion..................................................................................................................................3
References..................................................................................................................................4
Appendix....................................................................................................................................5
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CONTACT:
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Hoskin, R. E., Fizzell, M. R. and Cherry, D. C., 2014. Financial accounting: a user
perspective. Wiley Global Education.
Parsian, H. and Shams Koloukhi, A., 2014. A study on the effect of free cash flow and
profitability current ratio on dividend payout ratio: Evidence from Tehran Stock
Exchange. Management Science Letters. 4. pp. 63-70.
Online
Lchigo, H. D., 2011. The different between the formats of financial statements (income
statement and balance sheet) for different types of business such as sole
proprietorship, partnership and limited company. [Online]. Available through <
http://www.studymode.com/essays/The-Different-Between-The-Formats-Of-
729498.html> [Accessed 25th January 2016].
Particulars Amount
Sales 1350000
Cash sales 1175000
Credit sales (Debtors) 175000
Material purchases 520000
Labour cost 480000
Marketing cost and depreciation 345000
Total expenditure 1345000
Payment made 510000
Total trade and other creditors 835000
Particulars Amount
Opening stock 0
Add purchases 520000
Less: Materials utilized 390000
Closing stock 130000
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