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What is the purpose of preparing a statement of financial performance?
To evaluate business performance - making profit or loss.
Cost of sales appears in which financial statement?
statement of financial performance
Discount received appears in which financial statement?
Statement of financial performance
Capital appears in which financial statement?
statement of financial position
Trade payables appears in which financial statement?
Statement of financial position
Loan from bank appears in which financial statement?
Statement of financial position
Stationery appears in which financial statement?
Statement of financial performance
Sales returns appears in which financial statement?
Statement of financial performance
Trade receivables appears in which financial statement?
Statement of financial position
Bank overdraft appears in which financial statement?
Statement of financial position
Motor vehicles appear in which financial statement?
Statement of financial position
Motor vehicle repairs appears in which financial statement?
Statement of financial performance
Is fixtures and fittings a current or non-current asset?
Non-current asset
Is inventory a current or non-current asset?
current asset
Is bank overdraft a current or non-current liability?
Non-current liability
