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Cambridge IGCSE Accounting

5Preparation of financial statements

Preparation of financial statements in Cambridge IGCSE Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Topic352 practice questions18 lessons

In this topic

Lessons

  • Sole trader financial statements with year-end adjustments

    50 min

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  • The income statement of a sole trader

    35 min

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  • The statement of financial position of a sole trader

    35 min

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  • Types of business activity and organisation

    25 min

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  • Partners' capital and current accounts

    40 min

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  • Partnerships: formation and the partnership agreement

    30 min

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  • The partnership appropriation account

    40 min

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  • Financial statements of limited companies

    45 min

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  • Limited companies: share capital and loan capital

    35 min

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  • Manufacturing accounts and a manufacturer's financial statements

    50 min

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  • Manufacturing costs: prime cost, overheads and work in progress

    35 min

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  • Club subscriptions and revenue-generating activities

    40 min

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  • Clubs and societies: the receipts and payments account

    30 min

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  • Income and expenditure accounts and the club statement of financial position

    45 min

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  • Finding missing figures from incomplete records

    40 min

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  • Incomplete records and the statement of affairs

    35 min

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  • Mark-up and margin: converting and finding missing figures

    30 min

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  • Preparing financial statements from incomplete records

    45 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

A trader uses a mark-up of 25%. What is her gross profit margin?

Choose one answer

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