FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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2021

2020

Usage sales

5700

5300

Other miscellaneous revenue for the financial year

300

200

Total revenue for the year

6000

5500

Cost of use sold

2680

2600

Customer and inventory impairment loss

250

220

GROSS REMUNERATION AND EMPLOYER'S CONTRIBUTIONS

800

750

Impairment provisions for the financial year

50

30

Financial costs for the financial year

300

280

Total operating expenses

900

800

Net profit for the financial year

4980

4680

Balance sheet data

1020

820

Fixed assets and investments

2000

1700

Goods

400

250

Customers minus accumulated impairment

696

1100

Customer promissory notes and bills of exchange

300

700

Cash and trading portfolio

200

350

Total assets

3596

4100

 

How long is the defensive period of the operation in 2021 (360days)

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