WebRevision: Income Statement & Adjustments Watch on 26993 123 5 In this live Grade 12 Accounting show we take a look at the Income Statement and Adjustments. In this lesson we revise the income statement as well as adjustments made to the income statement. Revision Video Accounting / Grade 12 / Term 3 Revision Webin, we hit the pre-tax income line. I guess I am surprised that we are taxed on that number, and not on the actual revenues - if this were an individual's statement, you get taxed on the top number (the revenue) and then, ~maybe~, you can deduct some of those expenses from your taxable income.
Introduction to the income statement (video) Khan Academy
WebLet us take a closer look at how we calculate depreciation, for example, in Year 2: R230 000 (cost price) – R46 000 (depreciation written off to date) = R184 000 (real value) x 20% (percentage) = R36 800 (depreciation for year 2). The accumulated depreciation for Year 2 will be: R46 000 (depreciation Year 1) + R36 800 (depreciation Year 2 ... WebACCOUNTING GRADE 11 FINANCIAL STATEMENTS ... LAZEN TRADERS INCOME STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2015 Note R Sales 1 875 800 – 15 500 1 860 300 Cost of sales 685 000 (685 000) Gross profit 1 175 300 Other operating income 111 038 Rent income 118 400 – 17 600 100 800 Discount received 3 600 6 600 ... hepatic fiber score
Grade 11 Accounting Flashcards Quizlet
WebFeb 24, 2024 · An income statement is a financial statement that shows you how profitable your business was over a given reporting period. It shows your revenue, minus your expenses and losses. Also sometimes called a … WebMar 17, 2024 · Financial Statements – I class 11 Notes Accountancy Learning Objectives After studying this lesson you will be able to; · State the nature of the financial statements; · Distinguish between the capital and revenue expenditure and receipts; · Explain the concept of trading and profit and loss account and its preparation; WebOct 13, 2024 · Below are all the Grade 11 Accounting posts in order of the most recent, click on the post and then you can download or view the content. Grade 11 – Accounting – Financial Statements for Partnerships Posted: April 8, 2024 11 ACC 5.26 & CH 6 .7 6.9 ETC MEMOS UPDATE 11ACCP~1 11 ACC CH 6.11 to 6.16 Memos 11-ACC-PSHIPS-GL-page … hepatic fishbone