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Explain how accountants determine profit

Assignment Help Accounting Basics
Reference no: EM132578633 , Length: Word count: 900

Question 1: Explain how accountants determine profit and why the profit calculated is different to the cashflow in the same period.

Question 2: Identify two accounting terms or ratios which represent liquidity and discuss how these relate to cash and/or cashflow.

Question 3: Identify two sources of finance that are suitable for solving a short-term liquidity problem. Explain their characteristics.

Question 4: Relate the purposes behind budgeting to a family attempting to manage its cash.

  • Maximum Word Length: 900 words

Reference no: EM132578633

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