Income Statement Example Grade 10

Enter the figure into the final line item of your income statement.

Income statement example grade 10. Introduce the expanded accounting equation. On this page you can read or download case study income statement grade 10 in pdf format. Tax or taxation is actually shown in a simplified way in that income statement as it is a single step income statement. Download grade 10 income statement question paper document.

It is more rep resentative of the type found in practice. Download case study income statement grade 10 document. Grade 10 accounting lesson 28 financial statements part 1. To finalize your income statement add a header to the report identifying it as an income statement.

If you don t see any interesting for you use our search form on bottom. For example consider the income statement shown in illustration 4 3 for boc hong company. Grade 10 november 2015. This statement is a condensed version of the more detailed income statement presented in illustration 4 2.

In reality companies often use more complicated multiple step income statements where key expenses are separated into groups or categories. Account debited account credited. Talk about expenses have learners discuss different expense categories. Finalize the income statement.

Using office supplies as an example discuss the difference between an expense and an asset. Income tax computation kaplan financial ltd. A major expense shown in our first income statement example above is tax. If you don t see any interesting for you use our search form on bottom.

In multiple step income statements tax is shown on. Paid the telephone account by cheque no 147 r700 no. Income tax computation kaplan financial ltd. On this page you can read or download grade 10 income statement question paper in pdf format.

Add your business details and the reporting period covered by the income statement.