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Profit and Loss account
Keep track of all the money in the business and its earnings and losses.
Balance sheet
Shows businesse's financial I at a specific period of time.
Assets
Stack, cash, debtors
Liabilities
Overdraft, trade creditors, borrowings, loans
Current ratio
Asset / liability
Acid test ratio
Asset-stock / liabilites
Gross profit margin
Gross profit / sales revenue. X 100
Net profit margin
Net profit + tax / sales revenue x 100
Net profit - money after covering all the costs
Gross profit - (expenses + taxes)
Gross profit - money after some costs
Sales revenue - cost of sales
Revenue
Q x P
Percentage Change
New value - old value /old value Ă—100
Note 
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