Income Statement

Dr. Law Kim Fai Eric, YI TING

This video helps students to learn the purpose of making an income statement and the steps to prepare it. Using an example of running a game shop, guiding students to find out the equation needed in the preparation of income statement: (Sales – Return inwards) – [Opening inventory + (Purchases – Return outwards + Carriage inwards) – Closing inventory] + Revenues – Expenses = Net profit/ Net loss.

For more resources (e.g., Lesson plan, worksheet, lecture notes, etc. ), please refer to this website: https://view/cop-bafs/home

Video Information
Category | Online teaching Language | Cantonese
Level | Subject | Business/Accounting/Financial Studies

More Videos