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Grade 11 test on adjustments for more tests and tasks refer to the grade 11 study guide financial statements 80 marks.
Income statement grade 11 pdf. The following transactions were taken from the records of av stores for the period ended 30 june 2015. Prepare the income statement for the year ended 28 february 20 8. Recording revenue and expense changes in the accounts 23 lesson 5. 40 minutes the following extracted information has been taken from mpgi traders for the financial year ended 28 february 20 9.
March qp and memo. Enter the supplementary entries direct to the bank account and balance the account on 31 october 2009. Acounting revised content 2020. Question 2 statement of comprehensive income and notes to financial statements 50 marks.
June p1 and memo. March qp and memo. 48 minutes you are provided with information relating to bb spaza which is owned by mrs buthalezi. Grade 11 november 2015 accounting marks 1 3.
Sept qp and memo. Preparing an updated trial balance and income statement 33. Accounting grade 11 past year exam papers. Grade 11 bank reconciliation work revision extra exercise 45 marks.
Download revision notes for financial statements i class 11 notes accountancy and score high in exams. 1 1 cash budget and projected income statement. Download cbse class 11th revision notes for chapter 9 financial statements i class 11 notes accountancy in pdf format for free. 2 1 complete the statement of comprehensive income income statement for the financial year ended 28 february 20 9.
Boc hong s in come statement includes all of the major items in the list above except for discontin ued operations. Examples of service businesses are medical accounting or legal practices or a business that provides services such as plumbing cleaning consulting design etc. Merchandising business income statement 5. Preparing an income statement for a partnership preparing a balance sheet for a partnership as well as recording end of year adjustments.
Scope grade 10 to 12 for 2020. Complete the table in the answer book by filling in the amounts only in. Chapter 4 income statement and related information 4 3 illustration illustration 4 2 presents an income statement for boc hong company. 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.
These are the financial statements i class 11 notes accountancy prepared by team of expert teachers. Merchandising business 1 overview 3 lesson 1. Revision video accounting grade 11 partnerships adjustments general ledger accounting equation final accounts financial statements. Nov qp 1 only.
Debit and credit rules for income statement accounts 13 lesson 4. Nov p1 memo only. Iv grade 11 accounting principles. In arriving at net income the statement presents the following subtotals.
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