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Summary D2 UNIT 8

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5 pages
2016/2017 Written for academic year
Institution Pearson (PEARSON)
Module Unit 8 - Accounting Systems
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Summary of 5 pages for the course Unit 8 - Accounting Systems at PEARSON (D2 UNIT 8)

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Courtney Lowes




Financial statements



Balance sheet:




Above is a balance sheet for the company McDonalds in the years 2011/2012.

The balance sheet is one of the important financial statements that a business owner will
use within their business. It could also be referred to as the statement of financial position.

The balance sheet shows the company’s financial position in a set period of time; it shows
what the company owns and what they owe to others.

The balance sheet can be used by:

 Company management – to be able to monitor their businesses performance and
make changes if necessary
 Investors – to see the performance of the business and decide if it would be a worth
investment
 Suppliers – to see if they would be able to pay the suppliers
 Banks – to see if they are applicable to apply for a loan and if they could pay it back

Document information

Study Level
BTEC
Subject
Business studies
Uploaded on
May 19, 2017
Number of pages
5
Written in
2016/2017
Type
Summary
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richarddapaah Business 2010 QCF,Business 2010 QCF · 71 reviews
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hiitsclo Business 2010 QCF,Business 2010 QCF · 1 review
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This is a good piece of work. However, I feel like it doesn't relate to my particular college. This maybe due to them and not the uploader. I am still pleased with my purchase.

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