Grade 12 Accounting Income Statement

It tells us about the operating result of a particular accounting period say a month or a year.

Grade 12 accounting income statement. Under direct method only those items from income. The video below takes 38 minutes and 24 seconds and. Revenues represent the actual or expected inflow of assets the settlement of liabilities or both. This video was uploaded in 2017 by dr gr schreuder grade 12.

Asked feb 27 2018 in accounting by admin master 890k points 579 views. In this lesson we introduce financial statements as well as discuss users of financial statements and consider the income statement. Cash flow statements shows the inflows and outflows of cash from different business activities like operating investing and financing activities. The income statement contains two broad categories of items.

Xtra gr 12 accounting. Accounting grade 12 income statement 2017. Telematics presentation in collaboration with the university of stellenbosch. Revision video accounting grade 12 companies final accounts financial statements and notes.

In this lesson we focus on the format of the income statement as well as look at income statement year end adjustments.