Advertisement

Earning a Living: 1

The Profit and Loss Account
  • D. E. Turner
  • P. H. Turner
Chapter

Abstract

On 1 January 1981, John Haynes started business as a self-employed joiner with machinery worth £5000, tools worth £3000 and cash of £1500. Against this, he owed his sister £2000 on an interest-free long-term loan, repayable as and when convenient.

Keywords

Balance Sheet Cash Holding Trading Period Accounting Period Loss Account 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© D. E. Turner and P. H. Turner 1991

Authors and Affiliations

  • D. E. Turner
  • P. H. Turner

There are no affiliations available

Personalised recommendations