Final accounts

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January 19, 2015 at 3:36 am #222947
Iqra
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Can you please explain me the components of final accounts for a sole trader?
January 19, 2015 at 7:18 am #222961
John Moffat
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It depends what you mean by components!

Once a year they produce a Statement of financial position and a Statement of profit or loss.

You can find all the detail needed by watching the free lectures which go through the whole of the Paper F3 syllabus.
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