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Fully integrated with the book, providing numerical exercises, multiple choice questions, videos, flashcards and further exercises for practice and revision.
Fully integrated with the book, providing numerical exercises, multiple choice questions, videos, flashcards and further exercises for practice and revision.
Summaries of key concepts
Multiple Choice Questions
- Multiple Choice Questions 3.1
- Multiple Choice Questions 3.2
- Multiple Choice Questions 3.3
- Multiple Choice Questions 3.4
- Multiple Choice Questions 3.5
- Multiple Choice Questions 3.6
- Multiple Choice Questions 3.7
- Multiple Choice Questions 3.8
Numerical exercises
- Numerical Exercise 3.1: Arthur and Bhavesh: statements of profit or loss by nature
- Numerical Exercise 3.2: Caroline and Bethany: statements of profit or loss and statements of financial position
Go back over this again
- Illustration 3.1
- Annotated illustration 3.1
- Exercise 3.1 – Distinguishing between different types of income
- Exercise 3.2 - Items of expenditure
- Exercise 3.3 – Profits
- Exercise 3.4 – Example of a trader’s statement of profit or loss
- Exercise 3.5 – Determining the correct amount of income or expense
- Exercise 3.6 – Depreciation
- Exercise 3.7 – Distinguishing between the three different inventory valuation methods
Show me how to do it
- Show me how to do it - Video 3.1: Allocating bank receipts and payments to the receipts and payments account and the statement of financial position
- Show me how to do it - Video 3.2: Preparing Julia’s statement of profit or loss and statement of financial position