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13 cards from this deck
Shows business financial performance over a trading period
Inventory value at start of period
Transport costs for bringing goods into the business
Inventory remaining at end of period
Opening stock + Purchases + Carriage in - Closing stock
Sales revenue minus cost of sales
Gross profit minus total expenses
Profit made before considering operating expenses
Final profit after all business costs accounted for
Shows how net profit is distributed (dividends & reserves)
Net profit - Dividends + Opening reserves = Closing reserves
Expense - decrease in value of fixed assets over time
One year
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