Income Statement Grade 10

On this page you can read or download case study income statement grade 10 in pdf format.

Income statement grade 10. Grade 10 accounting lesson 28 financial statements part 1. Examples of service businesses are medical accounting or legal practices or a business that provides services such as plumbing cleaning consulting design etc. 2 of 14. An income statement is prepared to show the gross profit loss and net profit loss of the business.

The self study guide deals with the following topics. The purpose of this guide is to assist teachers and learners in grade 10 12 to manage and provide a detailed study of the accounting processes. On this page you can read or download grade 10 income statement question paper in pdf format. If you don t see any interesting for you use our search form on bottom.

Chapter 4 income statement and related information 4 3 illustration illustration 4 2 presents an income statement for boc hong company. Income tax computation kaplan financial ltd. Add your business details and the reporting period covered by the income statement. There are 2 sections in an income statement.

Accounting equation and analysis of transactions 2. Download case study income statement grade 10 document. 10 post closing trial balance as at 28 february 2015 debit credit balance sheet accounts section. In arriving at net income the statement presents the following subtotals.

To finalize your income statement add a header to the report identifying it as an income statement. Trading section this section is prepared to show gross profit or gross loss of a business. Extract from the income statement as at 28 february 2015 depreciation equipment 600 depreciation vehicle 3 024 net profit for the year 25 790. Accounting grade 12 session learner notes section b.

Disposal of tangible. 55 marks 30 minutes projected income statement you are provided with the projected income statement and additional information relating to helen s hair stylists for the period april to june 2010. Enter the figure into the final line item of your income statement. Income tax computation kaplan financial ltd.

Finalize the income statement. The income statement format above is a basic one what is known as a single step income statement meaning just one category of income and one category of expenses and prepared specifically for a service business. If you don t see any interesting for you use our search form on bottom. Chapter 5 income statement.

Boc hong s in come statement includes all of the major items in the list above except for discontin ued operations. Chapter 5 income statement.