A-Levels Accounting A2 Unit 4 Flashcards on A2 AQA Accounting Unit 4 - FLASH CARDS, created by Harshad Karia on 05/21/2014.
|
Created by Harshad Karia
over 12 years ago
|
|
Close
|
|
Created by Harshad Karia
over 12 years ago
|
|
Describe the treatment of the unrealised profit in the financial statements [income statement
(trading and profit and loss account) and balance sheet], for year ended 31 March 2010. Include any relevant calculations.
Info.
Inventory (Stock) 18 000
Unrealised profit (3 000)
Explain why it is necessary to adjust for unrealised profit in the financial statements.
Explain two benefits of using ABC?
