Chapter 5: Financial Statements – Accounting XI First Year Sindh Board

Accounting is a subject assigned exclusively to the students of commerce. The first year/1st year BIE Sindh accounting consists of only 11 chapters which teach advanced methodologies to the student while also sticking close to the basic concepts.


This is the fifth Chapter of XI ACCOUNTING titled ‘Financial Statements’. In this Chapter, we will be Studying about making The Income Statement which shows the Net Loss and Net Income and Balance Sheet which shows the financial position of a Business entity by summarizing the assets, liabilities and owner’s equity at a specific date. It has the following salient features:

  • Coverage of all topics in detail.
  • Providing topic wise assessments for Students, to have their real time evaluation, assignments for practicing the questions.
  • Past Papers at the end of the Chapter.
  • Study Plan for the Students to set their targets on weekly basis.
  • Discussion forum for Student Queries.


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