Msin1004 Study guides, Revision notes & Summaries

How to Balance off An Account Income Statement Items sales revenue less cost of goods sold _____________________________________ gross profit less operating expenses _____________________________________ operating profit (EBIT) less interest _____________________________________ earnings before tax (EBT, PBT) less tax _____________________________________ net profit (PAT) less dividends, drawings _____________________________________ reserves Balance Sheet Items: Current ASSETS...

How to Balance off An Account Income Statement Items sales revenue less cost of goods sold _____________________________________ gross profit less operating expenses _____________________________________ operating profit (EBIT) less interest _____________________________________ earnings before tax (EBT, PBT) less tax _____________________________________ net profit (PAT) less dividends, drawings _____________________________________ reserves Balance Sheet Items: Current ASSETS...

How to Balance off An Account Income Statement Items sales revenue less cost of goods sold _____________________________________ gross profit less operating expenses _____________________________________ operating profit (EBIT) less interest _____________________________________ earnings before tax (EBT, PBT) less tax _____________________________________ net profit (PAT) less dividends, drawings _____________________________________ reserves Balance Sheet Items: Current ASSETS...

How to Balance off An Account Income Statement Items sales revenue less cost of goods sold _____________________________________ gross profit less operating expenses _____________________________________ operating profit (EBIT) less interest _____________________________________ earnings before tax (EBT, PBT) less tax _____________________________________ net profit (PAT) less dividends, drawings _____________________________________ reserves Balance Sheet Items: Current ASSETS...

• 28-pages study notes for MSIN0004 Accounting for Business • Seller achieved a high 1st (88%) for this module • Summarized key points from both textbook and lecture slides • Includes diagrams, key definitions and important formulae • This set of study notes intend to serve as a quick revision notes, covering key definitions and formulae, and do not cover detailed step-by-step guide on how to construct the 3 financial statements (balance sheet, income statement, cash flow statement).