Chapter 9 Financial Statements For A Proprietorship

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Chapter 9Financial Statements For A
Proprietorship
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Objectives

• Define accounting terms related to financial
  statements for a service business organized as a
  proprietorship
• Identify accounting concepts and practices
  related to preparation of financial statements
  for a service business organized as a
  proprietorship

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Objectives

• Prepare an income statement for a service
  business organized as a proprietorship
• Analyze an income statement using component
  percentages
• Prepare a balance sheet for a service business
  organized as a proprietorship

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Income Statement

• Complete the Heading of an Income Statement
• Complete the Revenue Section of an Income
  Statement
• Complete the Expenses Section of an Income
  Statement
• Calculate Net Income (Loss) Section of an Income
  Statement

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Income Statement Section of Worksheet
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Income Statement
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Balance Sheet

• Complete the Heading of an Balance Sheet
• Complete the Assets Section of a Balance Sheet
• Complete the Equities Section of a Balance Sheet
• Calculate Liabilities Section of a Balance Sheet

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Balance Section of Worksheet
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Balance Sheet