Balance Sheet Query
JackieGlover
Registered Posts: 4 New contributor 🐸
Hi, I have a company with £70k trading profits but yet the Net Assets have reduced by £100k
Would the trading profits not add to the brought forward balance? I am probably over thinking - using Taxfiler and would like a second opinion if anyone can assist? Thanks
Would the trading profits not add to the brought forward balance? I am probably over thinking - using Taxfiler and would like a second opinion if anyone can assist? Thanks
0
Comments
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What about dividends? If the shareholders get dividends, net assets goes down. There are other things that reduce net assets without affecting profit, such as redemption of shares.1
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