Income Statement Grade 12 Pdf

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Income statement grade 12 pdf. Accounting equation and analysis of transactions 2. Disposal of tangible. 1433 2 1. You are provided with information relating to samora sports limited.

Chapter 4 income statement and related information 4 3 illustration illustration 4 2 presents an income statement for boc hong company. 31 december 2009 r172 000 30 june 2010 r148 000 sars income tax ledger account reflects a credit balance of r20 000 on. Accounting grade 12 session 1. This video was uploaded in 2017 by dr gr schreuder grade 12.

The company sells sports equipment and repairs equipment for their customers. Asked feb 27 2018 in accounting by admin master 890k points 579 views. Centipede manufacturers production cost statement for the period ended 28 february 20 8 note direct prime costs 506 400 direct material costs 1 246 000. Accounting grade 12 senior secondary improvement programme session.

Accounting grade 12 income statement 2017. Company reporting 65 marks 30 minutes. 1 1 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.

Repeat 23 oct 00 00 manufacturing 01 00 income statement asset disposal and audit report 02 00 bank reconciliation and creditors reconciliation 03 00 budget and debtors analysis 04 00 inventory valuation. In arriving at net income the statement presents the following subtotals. The income statement which gives an indication of the operating activities of the enterprise during the year result of operations the balance sheet which indicates the enterprises financial position at the end of the year state of affairs subject. 2 teacher notes session 1.

The self study guide deals with the following topics. In this lesson we focus on the format of the income statement as well as look at income statement year end adjustments. Production cost statement income statement calculations 13 4 1 name of manufacturer. Accounting grade 12 chapter.

Accounting grade 12 companies final accounts financial statements and notes. 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. 17 00 income statement asset disposal and audit report 18 00 cash flow statement ratios and interpretation 22 30 live. Boc hong s in come statement includes all of the major items in the list above except for discontin ued operations.

12 learner notes information. The video below takes 38 minutes and 24 seconds and.