Revised Trading and Profit & Loss Account - Including Depreciation - Pepe's Pizza Parlour
Trading and Profit & Loss Account
This is the revised TRADING and PROFIT & LOSS account, including the PROVISION FOR DEPRECIATION, calculated using the Straight-Line Method.
| |
£
|
£
|
£
|
|
SALES
| |
70,000
| |
|
minus Returns Inward
| |
(800)
|
69,200
|
| | | |
|
MINUS COST OF SALES
| | | |
|
opening Stock
| |
4,000
| |
|
plus Purchases
|
36,800
| | |
|
minus Returns Outward
|
(1,300)
| | |
|
plus Carriage Inwards
|
--------
|
35,500
| |
| | |
39,500
| |
|
minus Closing Stock
| |
(5,500)
|
(34,000)
|
| | | | |
|
GROSS PROFIT
| | |
£ 35,200
|
| | | | |
|
LESS EXPENSES
| | | |
|
wages
| |
8,500
| |
|
light and heat
| |
1,400
| |
|
printing and stationary
| |
900
| |
|
telephone
| |
600
| |
|
carriage outwards
| |
-----
| |
|
advertising
| |
2,500
| |
|
overheads
| |
-----
| |
|
discount allowed
| |
-----
| |
|
motoring expenses
| |
1,800
| |
|
provision for depreciation
| |
3,000
| |
|
interest payable
| |
200
|
(18,900)
|
| | | | |
| | | |
16,300
|
|
PLUS OTHER INCOME
| | | |
|
commission received
| |
-----
| |
|
discount received
| |
-----
|
------
|
| | | | |
|
NET PROFIT
| | |
£16,300
|
Now lets move onto the balance sheet
Submitted by bized on Sun, 01/08/1999 - 12:00
