Please enable JavaScript.
Coggle requires JavaScript to display documents.
3.4 Final Accounts (Types of ASSETS (Current assets (Stock, Debtors, Cash)…
3.4 Final Accounts
Types of ASSETS
Liabilities
Current Liabilities
Shor-T loan
Overdraft
Creditors
Long-T Liabilities
Unsecured loans
Debentures
Secured loans
Equity
Share capital
Retained Profit
Current assets
Stock
Debtors
Cash
Fixed assets
Intangible fixed assets
Tangible fixed assets
Net Current Assets
Final Accounts
Profit and loss account
Gross Profit
Sales Revenue
Cost of good sold
Balance Sheet
Depreciation
Straight line method
Reducing/declining balance method
The Purpose of accounts to different stakeholders
The principles and ethis of accounting practice
Strengths/Weaknesses of each method