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GyanMul Prep · NEB +2 · Management · Grade 12

Accountancy (Management, Grade 12)

Everything on these tabs is Accountancy (Management, Grade 12) only, within NEB +2 Management · Grade 12.

Management · Grade 12 subjects

GyanMul Prep · NEB +2 · Management · Grade 12

Accountancy (Management, Grade 12)

Everything on these tabs is Accountancy (Management, Grade 12) only, within NEB +2 Management · Grade 12.

Management · Grade 12 subjects

Chapter 4 of 14 · Accountancy (Management, Grade 12)

Financial Statements of a Company

8 topics
Board exam — marks not published
15 solved questions

The year's results and position of a company, the traditional way and the NFRS way: trading, profit and loss and appropriation accounts and the balance sheet; the multi-step income statement; the statement of profit or loss and statement of financial position under NFRS — with the adjustments that change every figure.

Practise this chapter Read solved questions

Topics

What the syllabus defines for this chapter

1Trading account and profit and loss account of a company
2Profit and loss appropriation account; proposed and interim dividend
3Balance sheet in vertical and horizontal form; classification of assets and liabilities
4Multi-step income statement and statement of retained earnings
5Statement of profit or loss under NFRS
6Statement of financial position under NFRS
7Adjustments: closing stock, outstanding and prepaid items, depreciation, bad debts and income tax
8Statement of changes in shareholders' equity; limitations of financial statements