Here you can find the answers to the worksheet that you have just completed on Income Statements. You need to check your answers against these. If you have made mistakes and you are not sure where you have gone wrong, please watch the YouTube Video I have produced which will explain how you should have arrived at the answer.

Link to YouTube Video; https://www.youtube.com/watch?v=cIOxJAM90oQ

Question 1

£312,000

Question 2

£91,900

Question 3

£4,500

Question 4

£220,000

Question 5

£160,000

Question 6

(£41,000)

Question 7

£16,000

 

 

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