WebAccounting Grade 12 www.learnxtra.co.za Brought to you by Page 1 SESSION 2: COMPANIES FINANCIAL STATEMENTS PART 1 KEY CONCEPTS: In this session we will look at: - Introduction - Users of Financial Statements - Income Statement X-PLANATION INTRODUCTION A company essentially has three different sets of financial statements. WebR230 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) = R82 800
Companies Financial Statements Income Statement
WebEXAMINABLE AND NON-EXAMINABLE CONTENT FOR GRADE 12 ACCOUNTING GRADE 12: PAPER 1 Financial Reporting & Evaluation 12.1.1 Concepts relating to companies ... 12.2.7 Analysis & interpretation of Projected Income Statement for sole traders and companies 12.2.8 Application of internal control & audit processes: cash, … Web(revision grade 11) • Prepare projected income statement (revision grade 11) • Analyse & interpret: (grade 12) o Projected income statement o Cash budget o Debtors' collection schedule o Creditors' payment schedule Ethics • Ethics relating to budgeting and projections – consideration of stakeholders, etc. metlife field turf
Accounting - Grade 12 - Income Statement (13) - YouTube
WebThis document contains Accounting grade 12 notes accounting grade 12 notes table of contents topic company reporting page manufacturing 16 21 consolidation 22. Skip to document. Ask an Expert. Sign in Register. ... Apart from the Income Statement and the Balance Sheet, list 2 other statements that need to be published as a legal requirement. ... WebOct 31, 2024 · Grade 12 Accounting Income Statement & Balance Sheet Summary and Notes. Course. Accounting. Institution. 12. A colorful summary of the 2 most common … WebThis document contains Accounting grade 12 notes accounting grade 12 notes table of contents topic company reporting page manufacturing 16 21 consolidation 22. Skip to … metlife financial freedom select brochure