A B C D E F G H I J
1 STAEMENT OF PROFIT AND LOSS ACCOUNT
2
3 Particular Amount
4
5 Rebenue 1300000
6
7 Cost of Sales 388000
8
9 Gross Profit 912000
10
11 Distribution cost 246000
12
13 Administration cost 161000
14
15 Profit from operations 505000
16
17 Finance cost 8000
18 Other income 0
19
20 Profit before tax 497000
21 Income tax expense 145000
22
23 Profit after tax 352000
24
25
26 Statement of Financial position
27 Particular Amount
28 Assets
29
30 non current assets W.n.1 182000
31
32
33
34 Current asset
35 Inbentory 250000
36 cash nad bank balance 9000
37 Trade receibable 728000
38
39
40
41
42 Total 1169000
43
44 Equity And Liabilities
45 Share Capital 200000
A B C D E F G H I J
46 Retained earnings 616000
47 Non current Liabilities
48 8 loan notes 80000
49 Warranty claims 75000
50
51
52
53 Current liabilities
54 Tax payable 135000
55 Outstanding Interest 3000
56 Trade payable 60000
57
58
59
60
61 Total 1169000
62
63 WORKING NOTES
64
65 1 Fixed Assets
66 Name of the asset Opening Purchase Sales Closing Accumulated depreciation Depreciation for current year Total depreciation Written down alue
67
68 Land and building 210000 0 0 210000 48000 5000 58000 152000
69 Plant and machinery 125000 0 0 125000 75000 25000 100000 25000
70 Total 335000 0 0 335000 123000 30000 158000 182000
71
72
73 2 Retained earnings
74 opening retained earning 270000
75 add profit for the year 352000
76 less dibidend paid 6000
77 closing 616000
