consol- balance sheet

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
if you are given a profit and loss balance in the foot notes how do you treat it

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    consol- balance sheet

    It is the accumulated profit brought forward and the profit made for the year. The total of that is the figure that goes into the bottom part of the statutory balance sheet.<BR><BR>Annette
  • System
    System Posts: 100,534 🤖 Admin 🤖
    consol- balance sheet

    thanks much

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