Summary
Summary P4P5 UNIT 8
- Module
- Unit 8 - Accounting Systems
- Institution
- Pearson (PEARSON)
Summary of 3 pages for the course Unit 8 - Accounting Systems at PEARSON (P4P5 UNIT 8)
[Show more]
Content preview
Courtney LowesTrail Balances
(Jackie Edwards as of 31st March 2013)
Name of Account Debit Credit Location Income
Statement or Balance
Sheet
Stock at 1st April 2012 12,500 Income Statement
Purchases 105,000 Income Statement
Sales 155,000 Income Statement
Administration 6,200 Income Statement
Wages 20,500 Income Statement
Rent 3,700 Income Statement
Telephone 500 Income Statement
Interest Paid 4,500 Income Statement
Travel Expenses 550 Income Statement
Premises 100,000 Balance Sheet
Machinery 20,000 Balance Sheet
Debtors 15,500 Balance Sheet
Bank 450 Balance Sheet
Cash 50 Balance Sheet
Capital 75,000 Balance Sheet
Drawing 7,000 Balance Sheet
Loan from Bank 50,000 Balance Sheet
Creditors 16,500 Balance Sheet
Total 296,500 296,500 Balance Sheet
Stock at 31st March 2013 was valued at £10,500
Income Statement
(Jackie Edwards as of 31st March 2013)
£ £
Sales 155,000
Cost of Sales
Opening inventory 12,500
Purchases 105,000
Closing inventory 10,500
(107,000)
Gross Profit 48,000
Expenses
wages 20,500
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller clowes. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £5.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now