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trading statement

What is a trading statement?

When we get financial statements from our accountant, there are a lot of things that are in there. Generally when you open it the first page is a trading statement, then a profit and loss and a balance sheet. So…
Cash vs Accrual Accounting

Cash vs Accrual Accounting

What’s the difference between cash and accrual accounting? You may not have ever heard of it, you may not have ever seen it. But if you have a Business Activity Statement, it may say cash or accrual. There is a…