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ZIMSEC O-Level Principles of Accounting

10.4Income statement and statement of financial position with adjustments

Income statement and statement of financial position with adjustments in ZIMSEC O-Level Principles of Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
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Overview

Form 3 (scope and sequence).

Learning objectives

What the syllabus expects you to be able to do.

  1. 10.4.1Form 3: prepare the income statement and statement of financial position after year-end adjustments.

Lessons

  • Sole trader financial statements with year-end adjustments

    50 min

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Sample question

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

Income statement and statement of financial position with adjustments: sample question

1 mark

Electricity of US$240 is owing at the year end. How is it shown?

Choose one answer

Turn Income statement and statement of financial position with adjustments into a strength.

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