Question

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In a brief paragraph, explain what this profit and loss statement says about Tasty Cakes. Keeping in mind the background information provided, how does the future look?

Answer 1

Profit and Loss! The main aim of most businesses is to make a profit Accurate documents are a vital part of keeping track of finances One of these documents is a profit and loss statement This calculates the amount of profit (or loss!) the business has made in a year To do this, certain information is needed