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Business mcgowan > F2 Formula: Statement of financial position > Flashcards

F2 Formula: Statement of financial position Flashcards

1
Q

Net current assets

A

Current assets - current liabilities

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2
Q

Net assets

A

Non-current assets + net current assets - long term liabilities

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3
Q

Capital employed

A

Opening capital + profit of the year

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4
Q

Balance sheet

A

Net assets = capital employed

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Business mcgowan (8 decks)

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