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Research and write business and teacher resources for High School pupils. linktr.ee/ericsutherland

Research and write business and teacher resources for High School pupils. linktr.ee/ericsutherland
Profit and Loss Accounts
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Profit and Loss Accounts

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Examples, Questions and Answers supplied to help users understand when a Profit or Loss is made by a company. Also Note 1 for the Accounts relates to the Detailed Breakdown of expenses required to run the business.
Balance Sheet Note 2 Tangible Assets Deprecation
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Balance Sheet Note 2 Tangible Assets Deprecation

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Tangible Assets cover tools, computers and vans or cars used to run the business. HMRC specify the annual deprecation on each type of asset. With computers and phones it’s 25% per year. Examples of different assets are shown and how deprecation is applied to the end of the year valuse of an asset. Questions and Answers are also supplied.
Balance Sheet Notes 3 and 4 Debtors and Creditors
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Balance Sheet Notes 3 and 4 Debtors and Creditors

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Debtors are when a person or business owe your company money for work performed or for buying parts to complete a job. Creditors are when a person or business pays your company in advance for work to be performed or for buying parts to complete a job. When VAT is due to be refunded to your company after assets have been purchased.
Balance Sheet Note 5 Called up share capital
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Balance Sheet Note 5 Called up share capital

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Has now been expanded to cover both paid-up shares and unpaid shares. In most small companies that don’t pay dividends to share holders it’s easy. But with 100 £1 shares and only 2 paid-up. Means only 2% of profits can be paid out as dividends.
QM007 Quality Audit V002
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QM007 Quality Audit V002

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Examples cover a product and a service, with exercises covering two of each which will help the students understand how Quality Audits are used.