Sharon Taylor has the following financial details: Revenue General expenses Trading expenses Cash inflows Opening equity...

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Sharon Taylor has the following financial details: Revenue General expenses Trading expenses Cash inflows Opening equity £8,000 £4,000 £3,000 £10,000 £11,000 Assets Liabilities Cash outflows Closing equity £15,000 £3,000 £12,000 £12,000 Required a. Prepare Income statement(Profit and Loss Account) b. Statement of Financial Position (Balance sheet) c. Statement of Cash flows Sharon Taylor has the following financial details: Revenue General expenses Trading expenses Cash inflows Opening equity £8,000 £4,000 £3,000 £10,000 £11,000 Assets Liabilities Cash outflows Closing equity £15,000 £3,000 £12,000 £12,000 Required a. Prepare Income statement(Profit and Loss Account) b. Statement of Financial Position (Balance sheet) c. Statement of Cash flows

Answer rating: 100% (QA)

To prepare the income statement Profit and Loss Account statement of financial position Balance Sheet and statement of cash flows for Sharon Taylor we... View the full answer