Summary
Summary Financial Statements Study Notes - Accounting (Grade 12)
- Course
- Accounting
- Institution
- Private
Financial Statements Study Notes - Accounting (Grade 12) - Income Statement - Balance Sheet
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FINANCIAL STATEMENTSINCOME STATEMENT
TURNOVER
COST OF SALES ( )
GROSS PROFIT
INCOME EARNED FROM ____________
OTHER OPERATING INCOME
RENT INCOME
DISCOUNT RECEIVED
PROFIT ON SALE OF ASSET
BAD DEBTS RECOVERED
PROVISION FOR BAD DEBTS ADJUSTMENT ↓
TRADING STOCK SURPLUS
GROSS INCOME
OPERATING EXPENSES ( )
STATIONERY
TRADING STOCK DEFICIT
PROVISION FOR BAD DEBTS ADJUSTMENT ↑
LOSS ON SALE OF ASSET
DEPRECIAITON
AUDIT FEES
DIRECTORS FEES
OPERATING PROFIT
INTEREST INCOME
NET PROFIT BEFORE INTEREST EXPENSE
INTEREST ENPENSE ( )
NET PROFIT BEFORE TAX
INCOME TAX (NPBT x 28%)
NET PROFIT AFTER TAX ( )
EPS (NPAT ÷ no. of shares in issue)
SASHTI NOTES 1
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