Cambridge IGCSE Accounting
5.1Sole traders
Sole traders in Cambridge IGCSE Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic79 practice questions4 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 5.1.1State the advantages and disadvantages of operating as a sole trader.
- 5.1.2Prepare statements of profit or loss for trading, service and manufacturing businesses.
- 5.1.3Prepare statements of financial position, classifying assets, liabilities and capital.
- 5.1.4Make adjustments for depreciation, accruals and prepayments, irrecoverable debts and the allowance, and drawings.
Lessons
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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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Sample question
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