Question: For each of the following transactions identify whether there is
For each of the following transactions, identify whether there is an increase or decrease in profit, cash flow, assets or liabilities:
Answer to relevant QuestionsThe following balances are shown in alphabetical order in a professional service firm’s ledger at the end of a financial year: Advertising ............ 15,000 Bank ................ 5,000 Capital ............... ...Thomas Investments has an operating profit for the year of £185,000. An examination of the Income Statement and Balance Sheet shows that depreciation was £65,000 taxation was £40,000 new capital investment was £100,000 ...XYZ Ltd’s Income Statement shows the following: Based on these figures, which of the following statements is true: d) Although the operating profit has increased, the operating margin has decreased as a result of a ...Opening stock is £350,000. Closing stock is £325,000. Purchases are £650,000. Sales are £1,000,000. The cost of sales is: d) £675,000 The national Hospital Purchasing Authority is negotiating with Clinical Services to reduce its selling price by 20% although a volume of at least 1,200 kits per month has been promised. Should Clinical Services accept this ...
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