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ICAEW Accounting > Other chapters > Flashcards

Other chapters Flashcards

1
Q

UK GAAP

A

Generally Accepted UK Practice

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2
Q

Profits

A

Revenue-CoS = GROSS

GROSS - distribution costs - administration expenses + other operating income = OPERATING PROFIT

OPERATING PROFIT - interest/similar charges = PROFIT AFTER TAXATION/NET PROFIT

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ICAEW Accounting (3 decks)

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