Economics, Accounting & Business: Post your doubts here!

[David Hussey]

Income Statement/statement of comprehensive income for the year
the normal stuff on the top
and then

Gross Profit
Income
less Expenses
Profit from operations
less Finance costs
Profit before tax
less Tax
Profit for the year attributable to equity holders

Statement of changes in equity
Retained earnings bal at start of year
Profit for the year (how much you got in income statement)
Transfer from other reserves
less dividends paid
transfer to other reserves
balance at the end of the year

 

[Sarah Paul]

Income Statement/statement of comprehensive income for the year
the normal stuff on the top
and then

Gross Profit
Income
less Expenses
Profit from operations
less Finance costs
Profit before tax
less Tax
Profit for the year attributable to equity holders

Statement of changes in equity
Retained earnings bal at start of year
Profit for the year (how much you got in income statement)
Transfer from other reserves
less dividends paid
transfer to other reserves
balance at the end of the year

This you do for the balance sheet but there is a differnt format for the changes in statemet of equity

 

[Sarah Paul]

David Hussey did u do that question?

 

[David Hussey]

This you do for the balance sheet but there is a differnt format for the changes in statemet of equity

you mean the column format where you put ord share capita and all that stuff and the last column having the total
and then you enter the transactions row by row
for eg transfer to a reserve, minus from the retained earnings and add to gen reserve
is that what u are talking about?

 

[David Hussey]

David Hussey did u do that question?

oops i forgot inshAllah will do

 

[Sarah Paul]

you mean the column format where you put ord share capita and all that stuff and the last column having the total
and then you enter the transactions row by row
for eg transfer to a reserve, minus from the retained earnings and add to gen reserve
is that what u are talking about?

yah exactly

 

[Sarah Paul]

oops i forgot inshAllah will do

Its ok no problem
Only if u can. Btw have u ppl got the study holidays?

 

[Sarah Paul]

oops i forgot inshAllah will do

No problem only if u can

 

[David Hussey]

Its ok no problem
Only if u can. Btw have u ppl got the study holidays?

i guess we will get idk
school starting tomorrow, we will be having a special timetable as well

No problem only if u can

btw ur question is in paper 2, i wont be doing paper 2 cox i already did in AS
so uhmm i might not be doing it :/

 

[Sarah Paul]

i guess we will get idk
school starting tomorrow, we will be having a special timetable as well

btw ur question is in paper 2, i wont be doing paper 2 cox i already did in AS
so uhmm i might not be doing it :/

Hmm ok no problem ya i am an AS student

 

[David Hussey]

that question looks to freaking long as well m too lazy also

 

[Sarah Paul]

that question looks to freaking long as well m too lazy also

Its ok

 

[David Hussey]

Hmm ok no problem ya i am an AS student

not mad at me right?

 

[Sarah Paul]

not mad at me right?

yes very *sarcasm*
Y shud i be? It was jst a requst and since u are taking the exams i cnt bother u

 

[David Hussey]

yes very *sarcasm*
Y shud i be? It was jst a requst and since u are taking the exams i cnt bother u

 

[:: A^]

yes very *sarcasm*
Y shud i be? It was jst a requst and since u are taking the exams i cnt bother u

AS eh? I can help you out!

 

[Sarah Paul]

AS eh? I can help you out!

mAY june 2004 paper 2 question 3

 

[Sarah Paul]

Thank you so much il be waiting
Only if it is possible

 

[:: A^]

Thank you so much il be waiting
Only if it is possible

Im doing econ atm. By tomorow In sha Allah!
If i dont, feel free to remind

 

[Sarah Paul]

Im doing econ atm. By tomorow In sha Allah!
If i dont, feel free to remind

Yeah insha allah