BALANCE SHEET AND

INCOME STATEMENT
EXPLAINED
ICT2641: Business Informatics IIA
Part 1 Chapter 3: In the Shoes of the ‘Owner’
BALANCE SHEET – SETTING UP THE BUSINESS

Explanation

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INCOME STATEMENT– RUNNING THE BUSINESS

Explanation

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CONCEPT EXPLAINED BY MEANS OF AN EXAMPLE

This information will be used to explain the concept of a balance sheet and an income statement.

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CONCEPT EXPLAINED BY MEANS OF AN EXAMPLE

This information will be used to explain the concept

of a balance sheet and an income statement.
Balance Sheet Compilation:

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CONCEPT EXPLAINED BY MEANS OF AN EXAMPLE

This information will be used to explain the concept Income Statement Compilation:
of a balance sheet and an income statement.

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CONCEPT EXPLAINED BY MEANS OF AN EXAMPLE

This information will be used to explain the concept

of a balance sheet and an income statement. ATO, ROS, ROAM Calculations:

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SUMMARY

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TERMINOLOGY