Chapter 1 Statements of Profit or Loss:Sole Traders
1.1 Introduction to the Statement of Profit or Loss
1.2 Gross Profit and Net Profit
1.Gross Profit
2.Net Profit
1.3 Preparation of a Trading and Profit and Loss Account
1.4 Preparation of a Statement of Profit or Loss
Exercise
Chapter 2 Statement of Financial Position
2.1 Contents of the Statement of Financial Position
1.Assets
2.Liabilities
3.Capital
2.2 Format of the Statement of Financial Position
2.3 No Double Entry in Statements of Financial Position
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