Income Statement Example Grade 12

Grade 12 o projected income statement o cash budget o debtors collection schedule o creditors payment schedule ethics ethics relating to budgeting and projections consideration of stakeholders etc.

Income statement example grade 12. 3 2 1 income statement statement of comprehensive income 28 3 2 2 notes to the balance sheet statement of financial position for. A major expense shown in our first income statement example above is tax. In this lesson we focus on the format of the income statement as well as look at income statement year end adjustments. Ordinary share capital 7 retained income 7 3 2 3 equity and liabilities section of the balance sheet 16 information.

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. 31 december 2009 r172 000 30 june 2010 r148 000 sars income tax ledger account reflects a credit balance of r20 000 on. Illustration 4 2 income statement.

Xtra gr 12 accounting. The video below takes 38 minutes and 24 seconds and. Balances totals on 28 february. Revision video accounting grade 12 companies final accounts financial statements and notes.

It is more rep resentative of the type found in practice. Accounting grade 12 senior secondary improvement programme session. You are provided with information relating to samora sports limited. Income tax provisional tax payments were made as follows.

Telematics presentation in collaboration with the university of stellenbosch. 1433 2 1. This statement is a condensed version of the more detailed income statement presented in illustration 4 2. In multiple step income statements tax is shown on.

This video was uploaded in 2017 by dr gr schreuder grade 12. For example consider the income statement shown in illustration 4 3 for boc hong company. Tax or taxation is actually shown in a simplified way in that income statement as it is a single step income statement. Accounting grade 12 session 1.

The company sells sports equipment and repairs equipment for their customers. 12 learner notes information. 1 1 income statement. In reality companies often use more complicated multiple step income statements where key expenses are separated into groups or categories.

Accounting grade 12 companies final accounts financial statements and notes. Revision grade 11 prepare projected income statement revision grade 11 analyse interpret.