Page 83 - Microsoft Word - 00 BA3 IW Prelims STUDENT.docx

Chapter 4

From trial balance to financial

statements

Outcome

By the end of this session you should be able to:

 prepare and balance off ledger accounts

 prepare the trial balance

 identify and prepare the entries to be made in the statement of profit or loss and
statement of financial position

 identify the form and content of the trading account and the statement of profit
or loss

 close off ledger accounts

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 4 of your Study Text

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