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A/AS Level Accounting: Should Final Accounts be presented using the vertical or horizontal format?

The vertical presentation of final accounts is widely used in business, and this is reflected in Cambridge Accounting examinations. The final accounts given in mark schemes are usually in a vertical format, but any other recognised format is also acceptable and candidates who present their final accounts in a horizontal format will have marks awarded where their figures are correct. One disadvantage of presenting the accounts in a horizontal format is that there is no figure for working capital, which is sometimes required in a question.

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