Financial Accounting – 4

Dear Friends, welcome back to the study of Financial Accounting. Please recall that we are using a fictitious case study for this purpose. We have reproduced the case study at the end, for ease of reference. We had explained how to prepare a formal Cash Flow Statement and the Income and Expenditure Statement in the last two lessons. This is the third and the last lesson in this series, as we shall discuss the preparation of the Balance Sheet. We reproduce the Income and Expenditure Statement from the previous session for ease of reference.

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