Grade 11 Business Management - 3.

4 Final Accounts

FORMAT – from BM Subject Guide Pg 91

Additional Information:

1. Cost of goods sold:

Opening Stock
+ Purchases
- Closing Stock

2. Expenses include all administration, sales and marketing expenses. Also includes non cash expenses
like depreciation.

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Grade 11 Business Management - 3.4 Final Accounts

FORMAT – from BM Subject Guide Pg 90

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Grade 11 Business Management - 3.4 Final Accounts