WorksheetsStatement of Comprehensive Income
Total questions: 13
Worksheet time: 7mins
Why is content mapping in your lesson plan important?
Indicate prior knowledge
Indicate previous grade
Indicate objectives
Indicate consolidation
What calculations did learners struggle with in NSC 2023 exams in Paper 1?
Depreciation
Bad debt
Inventory
Depreciation
How long is an accounting period?
3 months
6 months
9 months
12 months
What grade did learners complete the financial statements of a partnership?
Grade 9
Grade 11
Grade 10
Grade 12
Identify the GAAP Principle?
"Providing for losses like Bad debt."
Business entity
Going concern
Prudence
Historical cost
What must be deducted from Sales in the SOCI?
Debtors
Bad debt
Cost of sales
Debtors' allowance
Identify one new company expense?
A fee being paid
Overdue creditors
Adjustment
Extra products
Give an example of an interest expense?
Interest on fixed deposit
Interest on loan
Interest on savings
Interest on overdue debtors
____________ are amounts still payable by the business for expenses in relation to the current financial year?
Income received in advance
Accrued income
Accrued expenses
Prepaid expenses
Consumables on hand are an _____________?
asset
expense
income
liability
Why is Provision for bad debt a negative asset?
Increases the value of an asset
Increase the value of a liability
Decreases the value of an asset
Decreases the value of a liability
Calculate the interest on loan?
R63 000
R36 000
R630 000
R360 000
Income tax for the year is R408 800. It has been calculated at 28% on corrected net profit.
Calculate the Net profit after income tax?
R1 051 200
R1 510 200
R1 150 200
R1 015 200
