SOFP & SOCI Flashcards
1
Q
Capital employed
A
Total invested into a business
2
Q
Net Assets
A
CA + CL
3
Q
Net C Assets
A
CA - CL
4
Q
Profit / Loss for the year
A
Gp - expenses
5
Q
Net book value
A
Original price - depreciation
6
Q
Depreciation formula
A
Original cost - current cost / assets lifespan
