Accounting Grade 12 IEB 2017 Information Sheet

Downloaded from hlayiso.com NATIONAL SENIOR CERTIFICATE: ACCOUNTING: PAPER I – FORMULA SHEET Page i of i FORMULA SHEET Gross Profit 100 Gross Profit 100 Net Profit 100    Sales 1 Cost of sales 1 Sales 1 Operating expenses 100 Operating profit 100 Operating profit 100    Sales 1 Sales 1 Cost of sales 1 Net profit after tax 100 Net profit before tax + interest expense 100   Average shareholders' equity 1 Average capital employed 1 Current assets : Current liabilities (Current assets  inventories) : Current liabilities Average debtors 365 or 12 Average creditors 365 or 12 Cost of sales   Credit sales 1 Credit purchases 1 Average inventories Average inventories 365 or 12 Closing inventories 365 or 12   Current assets : Current liabilities Cost of sales 1 Cost of sales 1 Non-current liabilities : Shareholders' equity Total assets : Total liabilities Profit after tax Ordinary share dividends No. shares in issue No. shares in issue Fixed cost Total ordinary shareholders' equity (Selling price per unit  Variable cost per unit) No. shares in issue IEB Copyright © 2017