yr11_statements_income

Income Statements
1.8.10 Here is an example of a spreadsheets that you should attempt. Some are for Income Statement for service firms, the last one is for a trading firm.

Home learning - James Vet 22.7.10 Here are the notes from Mrs Douglas's class - notes on income statements. **20.7.10** Mrs Douglas's Business class. Complete this worksheet (excel) and then try the one at the bottom of this page. Give it your best shot.

These answers are for the Income Statement and Balance Sheets of pages 21-55 in your workbook. As you finish these exercises mark them. If you have any questions write them into the discussion page. This learning forms the basic understanding of Financial Statements-if you can complete these with few errors you have a good foundation for __**achievement**__ in the external exams. To get Merit or Excellence you will need to complete the last section of your workbook.

Below is a spreadsheet file that has worksheets inside that will help you with classifying the trial balance and taking the Income and Expenses through to an Income Statement. The first that are given here are for those of you that aren't confident with this. Make sure you start with the worksheet at the left hand side of the spreadsheet at the bottom titled 'Clares Windows'. Then start on the one titled 'Superior Insurance'. These two are the basis for getting an achieved on the external.
 * Simple Income Statements - self marking spreadsheets**.

In order to move up to a merit, you will need to understand how to handle __depreciation__. The worksheets titled 'Regina Real Estate' and 'Fast First Couriers' will help you with understanding depreciation.
 * Income Statements with Depreciation**

There are two versions of this file. Some of you will have Excel 2003, some will have Excel 2007. You need to only fill in the shaded areas. Don't forget to put a title on the Income Statements. Start with Clare's Window Cleaning.