Examples of items which will appear under the different sub-headings on the statements of comprehensive income: Revenue: Fees earned Net sales Other income: Credit losses recovered Commission income Dividend income Interest income Profit on sale of asset Rent income Distribution, administrative and other expenses: Advertising Credit losses Bank charges Carriage on sales Delivery expenses Depreciation Insurance Postage Rent expenses Repairs Salaries Stationery consumed Telephone expenses Water and electricity Finance costs: Interest on bank overdraft Interest on mortgage Interest on long-term loan Interest paid on capital/savings accounts in a partnership An entity shall present a statement of changes in equity showing in the statement: A) total comprehensive income for the period, showing separately the total amounts attributable to owners of the parent and to minority interest;
Examples of items which will appear under the different sub-headings on the statements of comprehensive income: Revenue: Fees earned Net sales Other income: Credit losses recovered Commission income Dividend income Interest income Profit on sale of asset Rent income Distribution, administrative and other expenses: Advertising Credit losses Bank charges Carriage on sales Delivery expenses Depreciation Insurance Postage Rent expenses Repairs Salaries Stationery consumed Telephone expenses Water and electricity Finance costs: Interest on bank overdraft Interest on mortgage Interest on long-term loan Interest paid on capital/savings accounts in a partnership An entity shall present a statement of changes in equity showing in the statement: A) total comprehensive income for the period, showing separately the total amounts attributable to owners of the parent and to minority interest;
FAC1502-Accounting.docx