This is for Accounting Grade 12 subject. The Accounting Grade 12 Balance Sheet and Notes Test study content will help you with your Accounting Subject Revisions, Tests, Exams, and Assignments.
A balance sheet is a financial statement that contains details of a company’s assets or liabilities at a specific point in time. It is one of the three core financial statements (income statement and cash flow statement being the other two) used for evaluating the performance of a business
As a Grade 12 Accounting student, you will be dealing with the logical, systematic and accurate selection and recording of financial information and transactions, as well as the compilation, analysis, interpretation and communication of financial statements and managerial reports for use by interested parties.
Accounting Grade 12 Balance Sheet and Notes Test (Questions and Answers)
- Complete the note for Tangible (Fixed) Assets.
- You are provided with information relating to Silekwa Limited for the financial year ended 30 June 2019. NOTE: Some figures have already been entered onto the ANSWER SHEETS.
- Prepare the Retained Income Note.
- Take into account the additional adjustments and prepare the Balance Sheet on 30 June 2019.