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Accountants In Leicester

At Cheyettes all our accountants in Leicester are capable of completing tax returns and statutory tax obligations and advising you of your tax position and liabilities. We always try to do more than just this and are interested in maximizing your tax planning opportunities. If you want to get more detail about accountants in leicester, then visit our website - https://www.cheyettes.co.uk/

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Accountants In Leicester

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  1. WelComeToCheyettes

  2. Basic Concepts of Financial Accounting

  3. The Basic Accounting Equation • Financial accounting is based upon the accounting equation. Assets = Liabilities + Owners' Equity • This is a mathematical equation which must balance. • If assets total £300 and liabilities total £200, then owners' equity must be £ 100.

  4. The Basic Accounting Equation • The balance sheet is an expanded expression of the accounting equation.

  5. The Basic Accounting Equation

  6. Assets • Assets are valuable resources that are owned by a firm. • They represent probable future economic benefits and arise as the result of past transactions or events.

  7. Liabilities • Liabilities are present obligations of the firm. • They are probable future sacrifices of economic benefits which arise as the result of past transactions or events.

  8. Owners' Equity • Owners' equity represents the owners' residual interest in the assets of the business. • Residual interest is another name for owners' equity.

  9. Owners' Equity • Owners may make a direct investment in the business or operate at a profit and leave the profit in the business.

  10. Owners' Equity • Yet another name for owners' equity is net assets. • Indicates that owners' equity results when liabilities are subtracted from assets. Owners’ Equity = Assets – Liabilities

  11. Financial Services Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises

  12. Accountants In Leicester At Cheyettes our professional accountants in leicester use the best accounts services to help you measure where you are in meeting your goals and what actions you need to take. Also, we provide best guidance to identify areas where we can assist in minimizing your tax liability

  13. Contact Us Cheyettes 167 London Rd, Leicester LE2 1EG 0116 2553326 admin@cheyettes.com https://www.cheyettes.co.uk/

  14. Thanks For Be With Us

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