Topics
Final accounts
- Trading and Profit and Loss Account
- Balance Sheet without adjustments
- Adjustments for stock, accruals, prepayments and depreciation
- Bad debts, provisions and manager’s commission
- Marshalling of the Balance Sheet
Learning objectives
- Prepare final accounts of a sole trader with adjustments.
Labs for this chapter are on the way
We are building worlds, labs and stories for Final Accounts of a Sole Trader. Meanwhile, practise its questions or explore the rest of Commerce.
