Financial Statements

Open the links below each statement for an explanation of what each term means.

https://www.tutor2u.net/business/reference/income-statement-introduction 

Note that net assets employed = capital employed. This is always the case, because the capital employed is the amount of long-term money put into the business and the net assets employed how it is used.

https://www.tutor2u.net/business/reference/the-balance-sheet