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|
Pepe's Trading and Profit and Loss Account for the year ending 31.12.9-
These figures to be used for calclating the profitability, solvency and performance ratios test paper.
| |
£ |
£ |
£ |
| 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) |
35,500 |
|
| plus Carriage Inwards |
-------- |
-------- |
|
| |
|
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 |
|
| interest payable |
|
200 |
(15,900) |
| |
|
|
19,300 |
| PLUS OTHER INCOME |
|
|
|
| commission received |
|
----- |
|
| discount received |
|
----- |
------ |
| |
|
|
| NET PROFIT |
|
|
£19,300 |
Go directly to Test Paper
Go to Balance Sheet
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