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Explain the purpose of a profit and loss statement

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Reference no: EM132667378

Problem 1: List 5 ways to improve cash inflow and give examples.

Problem 2: Identify and explain three types of financial statements and their purpose.

Problem 3: Describe the type of entity that is required to have financial reports audited.

Problem 4: Explain three key principles relating to the management of a chart of accounts.

Problem 5: Explain the purpose of a profit and loss statement and give two of its key features.

Reference no: EM132667378

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