2 marksIncome Statements and Balance Sheets for Sole Traders

CSEC Principles of Accounts · January 2016 · Paper 2 · Question 5(b)(iii)

Calculate the Working Capital, showing all workings.

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5(a)Prepare an Income Statement (Profit and Loss Account) for the quarter ended 31 March 2015 for DD's Jam Shoppe, beginning with Gross Income.[11 marks]
5(b)(i)Draw up the list of Current Assets, using the order of permanence.[4 marks]
5(b)(ii)Draw up the list of Current Liabilities.[3 marks]

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