Cambridge AS & A Level Accounting
1.5.2Sole traders
Sole traders in Cambridge AS & A Level Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic88 practice questions4 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 1.5.2.1Prepare a statement of profit or loss and statement of financial position for a sole trader (trading or service business) from full or incomplete accounting records.
Lessons
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Final accounts from incomplete records
65 min
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Final accounts of a sole trader
60 min
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Missing figures: total accounts, cash summaries, margin and mark-up
55 min
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Statement of affairs and profit from the accounting equation
45 min
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Sample question
A sample question on this topic. Answer it, check it, then read the worked answer.
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