Financial statements - Financial statements 1 of 8

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inancial statements of 8 18/05/2008 1:05 AM Navigation map You have currently completed approximately 90% of your Accounting Practice Set. We estimate that it may take you up to a further 2 hours of study time to complete this and the remaining Practice Set pages. This page of the Accounting Practice Set could take you up to 2 hours of study time to complete. These time frames are a guide only. It may take you more or less time to complete each step. Financial statements This practice set continues over multiple pages. Saving your position. If you want to save this practice set where you are up to and come back to it at a later time, click the bookmark button on this page to save your position and be returned to your home page. To re-enter the practice set at this page at a later time, simply click the link that you originally clicked to access this practice set. Please note that any answers you have entered on the bookmarked page are not kept with your bookmark. When you are ready, enter your answers and click submit answers . You will receive immediate feedback to everything you have attempted. You cannot go backwards once you have submitted a page. Instructions for financial statements Prepare an income statement for the month. Select the appropriate accounts using a popup link. Then, enter all values as positive values since values to be subtracted are indicated on the income statement with brackets around the input box. Note that there are two instances where you are required to select profit or loss from a drop-down list. Brackets will be displayed if you select loss. Prepare a statement of changes in equity for the month. Most values are to be entered in the input boxes as positive
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Financial statements - Financial statements 1 of 8

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