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 FA Application Page 2 2018-2024

Tshwane South College Registration Dates for 2018-2024 Form

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[Music] hello lana's i welcome you to our second lesson in our discussion of the statements of financial statements of a limited company financial statements of a company we are studying the financial statements of a company financial statements of a company and today we will start by identifying these statements one important statement is the income statement the second one is the statement statement of financial position statement of financial position these are the main statements that a company is expected to prepare financial statement we start by discussing the income statement also known as the trading profit and loss account the income statement and we start by saying that the income statement of a company is prepared the same way you would prepare the income statement of sole trader the only difference being that there are additional expenses which of which are unique to a company different expenses that are unique to a company and they these expenses should be included in the

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