What are the three main elements of Financial Accounts?

  1. Income Statement (Profit or Loss Account)2) Balance Sheet (Statement of Financial Position3) Statement of Cash flows

Related Accounting A Level answers

All answers ▸

A car costs £10,000 and it has a depreciation policy of 15% each year, reducing balance method. what is the net present value at the end of year 3?


What is depreciation? Why is its calculation necessary? Give an example of straight line depreciation.


What is a liquidity ratio?


What are 3 accounting concepts used when preparing a set of accounts?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences