Accounting Grade 10 : Income Statement

#grade10 #Accounting
Description: Welcome to the Accounting Grade 10 Lesson on Income Statement Part 1! In this video, we will cover the fundamentals of creating an income statement, an essential financial statement for businesses.
In this lesson, we will delve into calculating income and expenses for an income statement. We will explore various components, including revenue, cost of goods sold, operating expenses, and other income/expenses. You will learn how to identify, measure, and categorize these items to calculate the net income or loss for a specific period.
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#accountingbasics
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This video is intended for educational purposes only. The information provided in this video is based on my understanding of the topics covered, and it is advised to consult official textbooks and resources for comprehensive preparation. Always seek guidance from your teacher or relevant authorities for accurate and up-to-date information.

[@accountingsolutionsa]

ruclips.net/video/G9xxAjCE30k/видео.html
Another income statement

[@aryanjagadishsivasundar8403]

Thank u sir, helped me before exam we writing SBA tomorrow 🙏

[@accountingsolutionsa]

Your welcome 🙏 this should be your new home until Metric

[@tshepisomatsetela5096]

Me too hey! 🎉

[@accountingsolutionsa]

Good luck, guys I trust you..... final exam start early you will find new videos

[@lunganijones5886]

wow, thanks a lot you saved me I'm literally writing today at 9am.

[@tshepisomatsetela5096]

Omg thank you!!you just saved me. I'm writing tmr❤

[@accountingsolutionsa]

All the best you will make it!

[@sheriir]

bro next time please show the question paper properly or tell us where we can get it so that we are confused

[@YongamaMagaqa-ry8jp]

Sorry to bother you sir but how do we get interest income?

[@KabeloMosotho]

Sorry sir but you forgot to include telephones amount on the expenses made.but i got how to this whole things.❤

[@accountingsolutionsa]

+@KabeloMosotho I hope u passed, see you next year

[@LuyandaBiyela-vp6wj]

Thank u vvvvv much u helped shame 😢❤😊

[@accountingsolutionsa]

Your welcome

[@vincentcastello]

Thank you for this 🎉

[@accountingsolutionsa]

Salute, is grade 10 week check another one tomorrow (balance sheet)

[@vincentcastello]

Oky thank

[@JJh-x1w]

I'm pretty sure, we were not supposed to subtract Debtor's Allowances from sales at 3:37 because we are taking these balances from a Trial balance, which means they come directly from the General Ledger, the General Ledger already takes into account Debtor's Allowances when calculating the Balance for the Sales Account

[@accountingsolutionsa]

Completely wrong...... you will get it wrong if you do that

[@korajjjappppitttty1449]

The thing is that we are dealing with the pre adjustments trial balance. This means that the adjustments must be done by us. As part of the adjustments we close of the Debtors allowances and post it in the sales ( on debit side) ,And etc. The fact that Debtors allowances is still present is a problem ( which means we need to get rid of it, by subtraction from sales)

[@AyabongaMadiene-u4l]

Thank you ☺

[@NhlanhlaMahuntsi]

Don't we add on cost of sales when we return goods cos they affect our cos of sales??😭

[@accountingsolutionsa]

No

[@jdamkabela5429]

Hi ive never done accounting, is it possible to start from scratch

[@accountingsolutionsa]

Yes

[@OnoloSaliwe]

Where did you get 1800 in stationary

[@imust_stayhot]

At the nominal account section

[@lucasxolani946]

Where can i get the question papers pdf...?

[@TshiamiShakwane-fz5pg]

Sir where does 29000 come from

[@winnienwabueze7109]

Thank you so much

[@accountingsolutionsa]

Your welcome winnie

[@who_willyoubetonight]

Hello why is marku up 200? why do we add the markup? instead of just saying 7 500 x 100%

[@queennaliyahplayz5035]

its the formula

[@lebohangtau2078]

s/o to you bro 😭💪🏾

[@accountingsolutionsa]

Salute bro

[@Lephotsa]

You didn't write down the Telephone expense

[@accountingsolutionsa]

Include it in expenses

[@MarothiMashabela]

bad debts is 1035

[@Elite_othy007]

Come on button because we are going down 😂

[@accountingsolutionsa]

U gonna kill the test