O Level/IGCSE Accounting. Format of the income statement.

How do we get to “Profit for the year”?

What values need to be added and what values are subtracted and why?

This format applies to income statements of sole traders, partnerships and limited companies.
Also applies to topics like incomplete records.

This will help you remember the format.

Click the link below to get a pdf copy of this format.

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[UmarAbuthaher-ypsr]

Ur lovely in teaching because I learned in 25 mins what I could not learn in a semester

[bambii_lust]

Your explanation is very clear and neat. Keep doing these types of vids, you will help many students, for ex myself, helped me very much rn, I finally understood how to do an income statement. Thank you very much ma'am💯🙏.

[rachel-osfk]

this is really helping me review for my test tmr, thank u

[ch.zain.abbas]

Aoa. i live in Saudi Arabia and Tomorrow is my exam. ??I didn't understood this chapter but thanks to u miss. Allah apko khush rakhy Ameen.

[ninaperchani]

thankyou so much for this video miss, it helped me clear my concepts.

[abidshiko]

Thank you mam, definitely helped alot !

[goodvitamins]

But the three column? So there is no rule while drawing incomestatement?

[SyedAsharAli-nzuw]

Hi Mam, Is there a video for income statement with prepaid and accruals?

[fweiling]

Loss on disposal and loan interest are non-operating expenses. Why loan interest is excluded but loss on disposal is included in the calculation of profit from operations? Thanks

[abdulhaseeb]

Mam love your videos ❤
Mam can you kindly compile a book or pdf in Which all the accounting formats for olevels are available?

[sincereall]

Api g jb income increase hoti to wo debit hoti ya credit

[khaweelazaheer]

Aoa plz can you tell me where do business rates go ???

[kgff]

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[abodpatrol]

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[tysonn]

i hate it when urdu people mix languages. make it clear for everyone or simply make the video in ur own language!