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Cambridge AS & A Level Accounting

3.1Preparation of financial statements

Preparation of financial statements in Cambridge AS & A Level Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Topic377 practice questions17 lessons

In this topic

Lessons

  • Change of ratio and admission of a new partner

    65 min

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  • Dissolution of a partnership: the realisation account

    50 min

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  • Goodwill in partnership accounts

    55 min

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  • Partnership changes part-way through the accounting year

    55 min

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  • Retirement or death of a partner

    65 min

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  • Revaluation of assets on a change in partnership

    50 min

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  • Income and expenditure account and the club's statement of financial position

    55 min

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  • Receipts and payments account and the accumulated fund

    50 min

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  • Sources of income and fundraising for non-profit organisations

    40 min

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  • Subscriptions: advance, arrears and the subscriptions account

    40 min

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  • Trading and income-generating activities of clubs

    40 min

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  • Final accounts of a manufacturing business

    55 min

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  • Manufacturing profit and the provision for unrealised profit

    45 min

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  • The manufacturing account

    50 min

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  • Cash generated from operations

    55 min

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  • Notes and the schedule of non-current assets

    60 min

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  • Statement of cash flows

    65 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Preparation of financial statements: sample question

1 mark

How is a surplus for the year dealt with at the end of the year?

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