Limited company accounts

Limited companies produce three financial statements to summarise their performance and financial position. These are th

Limited company accounts

Limited company accounts

The financial statements you prepare for limited companies in this topic are internal documents. Managers use them insid

Limited company accounts

Limited company accounts

A limited company's income statement shows three separate profit figures. Each one deducts a different cost, so they get

Limited company accounts

Limited company accounts

The statement of changes in equity tracks every movement in a company's ownership funds during the year. It records shar

Limited company accounts

Limited company accounts

A statement of financial position groups everything a company owns and owes into five labelled sections. Each section te

Limited company accounts

Limited company accounts

AQA will never test you on preference shares or general reserves. You can ignore both topics entirely for this exam.

Limited company accounts