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Unit 5 P4 – Prepare a profit and loss account and balance sheet for a given organisation £3.49   Add to cart
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Unit 5 P4 – Prepare a profit and loss account and balance sheet for a given organisation

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Unit 5 P4 – Prepare a profit and loss account and balance sheet for a given organisation

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  • January 19, 2017
  • 1
  • 2015/2016
  • Essay
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Unit 5 – Business accounting
Pass criteria 4

P4 – Prepare a profit and loss account and balance sheet for a given organisation
12 month profit and loss account for SIGNature Ltd
£ £
Sales income 444,000.00

Cost of goods sold
Purchases 199,800.00
Distribution 20,800.00
Closing balance 12,000.00
Total cost of goods sold 208,600.00
Gross profit 235,400.00

Expenses
Machine operatives 67,200.00
Rent + non domestic rate 44,000.00
Telephone + post 3,120.00
Advertising 3,820.00
Other 20,800.00
Total expenses 138,940.00
Net profit 96,460.00

12 month balance sheet for SIGNature Ltd
Cost Depreciation Net value
Fixed assets 105,000.00 10,500.00 94,500.00

Current assets 70,160.00
Stock 12,000.00
Bank balance 17,160.00
Debtors 41,000.00

Current liabilities 15,500.00
Creditors 15,500.00
Dividends payment 40,000.00
Working capital 109,160.00

Long term liabilities
Bank Loan 88,000.00

Net assets 21,160.00
Capital employed 214,160.00

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