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Introductory Income Statement and Statement of Financial Position (Pu0026L and Balance Sheet)

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Luke Fannon

This video is intended for basic level financial accounting. It is intended for the first year of a degree course in third level education. The video demonstrates how to prepare an Income Statement (P&L) and a Statement of Financial Position (Balance Sheet). It shows how to adjust for accruals, prepayments, depreciation and a movement in a bad debt provision.

posted by Givolirk


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