Final Assignment: PP Enterprises Transaction Book

FINAL ASSIGNMENT
R1811D6732779
Accounting 1
UU-ACG-1000-17357
Submitted to Alexandros Mavros
PP Enterprises Transaction Book

Dr K Hill A/C Cr Dr M Norman A/C Cr
Details £ Details £ Details £ Details £
Bal C/d 380 Purchase 380 Return outwards 30 Purchase 500

Bal C/d 470
500 500
380 380
Bal B/f 380 Bal B/f 470
Dr N Senior A/C Cr Dr R Morton A/C Cr

Return Outwards 16 Purchase 106 Bal C/d 200 Purchase 200
Bal C/d 90
106 106 200 200
Dr J Cook A/C Cr Dr D Edwards A/C Cr

Return outwards 13 Purchases 180 Bal C/d 410 Purchases 410
Bal C/d 167 410 410
180 180
Bal B/d 167 Bal B/f 410
Dr C Davis A/C Cr Dr E Rigby A/C CR
Return outwards 11 Purchases 66 Purchases 510 7 July Outwards 30
Bal C/d 55 Bal C/d 480
66 66 510 510
Dr E Philips A/C Cr Dr F Thompson A/C Cr
Purchase 246 Outwards 27 Purchase 356 Outwards 22
Purchase 188 Outwards 18 Bal C/d 334
434 Bal C/d 389 356 356
Bal B/f 389 434 Bal B/f 356
Dr A Green Cr Dr H George A/C Cr

Purchase 307 Bal C/d 307 Purchase 250 Bal C/d 250
307 307 250 250
Dr J Ferguson A/C Cr Dr K Ennevor A/C Cr

Purchases 185 Bal C/d 185 Bal C/d 900 Purchase 900
185 185 900 900
Dr F Powell A/C Cr Dr E Lee A/C Cr

310 310 420 420
Dr C Ferguson A/C Cr Dr T Thompson A/C Cr
Bal C/d 550 Purchase 550 Purchase 56 Return Outwards 5
550 550 Bal C/d 51
Bal B/f 550 56 56
Dr L Rodriguez A/C Cr Dr K Barton A/C Cr

Purchase 148 Bal C/d 148 Purchase 145 Return outwards 11
148 Bal C/d 134
Bal B/f 148 145 145
Bal B/f 145
Dr P Potter A/C Cr Dr H Harris A/C Cr

Return Outwards 12 Purchase 144 Bal C/d 137 Purchase 25
Bal C/d 132 Purchase 58
144 144 Purchase 54
Bal B/f 144 137 137
Bal B/f 137
Dr B Spencer A/C Cr Dr B Perkins A/C Cr
Details £ Detail £ Details £ Details £
Return outwards 22 Purchase 76 Bal C/d 89 Purchase 24
Return outwards 14 Balance 40 Purchase 65
Bal C/d 36 89 89
40 40 Bal B/f 89
Bal B/f 40
Dr H Miles A/C Cr Dr K Kelly A/C Cr
Bal C/d 123 Purchase 123 Purchase 89 Return outwards 14
123 123 Purchase 65 Bal C/d 140
Bal B/f 123 154 154
Bal B/f 140
Dr N Mendes A/C Cr Dr N Lee A/C Cr
Purchase 78 Return outwards 24 Purchase 257 Bal C/d 312
78 78 312 312
Dr L Nixon A/C Cr Dr K Mohammed A/C Cr

Bal C/d 75 Purchase 75 Purchase 57 Bal C/d 57
. 75 75 57 57
Dr O Green A/C Cr Dr F Bean A/C Cr

Purchase 112 Bal C/d 112 Return outwards 56 Purchase 324
112 112 Bal C/d 268
Bal B/f 112 324 324
Bal B/f 268
Dr A Clerk A/C Cr Dr B Lock A/C Cr
Return Outwards 28 Purchase 216 Return outwards 34 Purchase 216
Bal C/d 188 Bal C/d 428 Purchase 140
216 216 462 462
Dr F Turner A/C Cr Dr G Grill A/C Cr

Bal C/d 238 Purchase 64 Bal C/d 130 Purchase 130
Purchase 174
238 238 130 130
Balance B/f 238 Bal B/f 130
Dr J Top A/C Cr Dr I Gray A/C Cr

Bal C/d 230 Purchase 230 Return outward 140 Purchase 310
230 230 Bal C/d 170 310
Bal B/f 230 310 Bal C/d 170
Dr F Low A/C Cr Dr P Able A/C Cr

Bal C/d 405 Purchase 405 Bal C/d 180 Purchase 180
405 405 180 180
Dr Cash A/C Cr Dr B Barclay Cr
B Barclay 500 Purchase 550 Bal C/d 2500 Cash 500
Sales 145 Expense 790 Bank 2000
A Tom 641 1340 2500 2500
Bal C/d 81 Bal B/d 2500
1340 1340
Bal B/d 81
Dr T Burns A/C Cr Dr B Dock A/C Cr

Bal C/d 230 Purchase 230 Purchase 240 Return outward 19
230 230 Bal C/d 221
Bal B/f 230 240 240
Balance B/f 240
Dr M Ryan A/C Cr Dr G Saul A/C Cr

126 126 94 94
Dr F Trip A/C Cr Dr P Coates A/C Cr

Purchase 107 Return outward 32 Purchase 182 Bal C/d 182
Bal C/d 75 182 182
107 107 Bal B/f 182
Dr L Job A/C Cr Dr T Mann A/C Cr
203 203 99 99
Bal B/f 203 Bal B/d 99
Dr T Dry A/C CR Dr F Hood A/C Cr

Balance C/d 800 Purchase 800 Return Outwards 30 Purchase 930
800 800 Bank 900
Bal B/f 800 930 930
Bal B/d 930
Dr M Smith A/C Cr Dr G Low A/C Cr
Return Outwards 42 Purchase 160 Balance C/d 510 Purchase 510
Bank 118 510 510
160 160 Bal B/f 510
Dr Stationary A/C Cr Dr Buttons Ltd A/C Cr
Buttons 89 Bal C/d 89 Bal C/d 89 Stationary 89
89 89 89 89
Dr R Tong A/C Cr Dr L Fish A/C Cr
Purchase 170 Return Outwards 5 Purchase 240 Bank 370
170 170 370 370
Dr M Singh A/C Cr Dr A Tom A/C Cr
Purchase 326 Return Outwards 20 Purchase 204 Cash 614
326 326 614 614
Bal B/f 306
Dr Chiefs Ltd A/C Cr Dr Fixtures A/C Cr
Details £ Design £ Design £ Design £
Bal C/d 610 Fixtures 610 Chiefs Ltd 610 Bal C/d 610
610 610 610 610
Dr Bank A/C Cr Dr Van A/C Cr

Bal C/d 10 266 Expense 220 Bank 6500 Bal C/d 6500
Van 6500 6500 6500
B Barclay 2000 Bal B/f 6500
F Hood 900
M Smith 118
R Pleat 158 Dr R Pleat A/C Cr
L Fish 370 Details £ Details £
10 266 10 266 Purchase 158 Bank 158
Bal B/f 10 266 158 158
Dr Return inwards A/C Cr Dr Return outwards A/C Cr
Details £ Details £ 2016 £ 2016 £
E Philip 18 balance C/d 227 Balance C/d 448 M Norman 30
F Thompson 22 N Senior 16
E Philips 27 J Cook 13
E Rugby 30 C Davies 11
T Thompson 5 P Potter 12
K Barton 11 B Spencer 22
K Kelly 14 B Spencer 14
N Mendes 24 F Bean 56
F Trip 32 A clerk 28
B Dock 19 I Gray 140
R Tong 5 B Lock 34
M Singh 20 F Hood 30
227 227 B Smith 42
Balance B/f 227 448
B/f Balance B/f 448
Dr Sales A/C Cr
Details £ Details £
Return inwards 18 E Rigby 510
Return inwards 22 E Philip 246
Return inwards 27 F Thompson 356
Return inwards 30 A Green 307
Return inwards 5 H George 250
Return inwards 11 J Ferguson 185
Return inwards 14 E Philip 188
Return inwards 19 F Powell 310
Return inwards 32 E Lee 420
Return inwards 5 T Thompson 56
Return inwards 20 L Rodriguez 148
Return inwards 24 K Barton 145
K Kelly 89
N Mendes 78
6668 N Lee 257
K Mohammed 57
K Kelly 65
O Green 112
N Lee 55
B Dock 240
M Ryan 126
G Soul 94
F Trip 107
P Coates 182
L Job 203
T Mann 99
R tong 170
L Fish 240
M Singh 326
A Tom 204
Cash 145
L Fish 130
A Tom 410
Balance C/d 6441 R Pleat 158
6,668 6,668
Balance B/f 6,441
Dr Purchases A/C Cr
Details £ Details £
K Hill 380 Balance C/d 9,611
M Norman 500
N senior 106
R Morton 200
J Cook 180
D Edwards 410
C Davies 66
C Ferguson 550
K Ennover 900
P Potter 144
H Harris 25
B Spenser 76
B Perkins 24
H Harris 58
H Miles 123
H Harris 54
B Perkins 65
L Nixon 75
F Bean 324
A Clerk 216
B Lock 322
F Tuner 64
G Rill 130
B Lock 140
J Top 230
I Gray 310
F Low 405
P Able 180
F Turner 174
T Burns 230
Cash 550
T Dry 800
F Hood 930
M Smith 610
G Low 510
9,611 9,611
Balance B/f 9,611
TRIAL BALANCE FOR PP ENTERPRISE
Names of accounts Dr (£) Cr (£)
K Hill 380
M Norman 470
N Senior 90
R Morton 200
J cook 167
D Edwards 410
C Davies 55
E Rigby 480
E Philip 389
F Thompson 334
A Green 307
H George 250
J Ferguson 185
F Powell 310
E Lee 420
C Ferguson 550
K Ennover 900
T Thompson 51
L Rodriguez 148
K Barton 134
P Potter 132
H Harris 137
B Spenser 40
B Perkins 89
H Miles 123
K Kelly 140
N Mendes 54
N Lee 312
L Nixon 75
K Mohammed 57
O Green 112
F Bean 268
A Clerk 188
B Lock 428
F Turner 238
G Rill 130
J Top 230
I Gray 170
F Low 405
P Able 180
B Barclay 2500
Cash 81
T Burns 230
B Dock 221
M Ryan 126
G Soul 94
F Trip 75
P Coates 182
L Job 203
T Mann 99
Purchase 9611
Sales 6441
T Dry 800
F Hood - -
M Smith - -
G Low 510
Stationery 89
Burtons Ltd 89
R Tong 165
M Singh 306
Bank 10266
A Tom - -
R Pleat - -
Return outwards 448
Return inwards 227
Expense 1010
Fixtures 610
Van 6500
Chiefs Ltd 610
L Fish - -
TOTAL 24345 24345
PP ENTERPRISE
PROFIT OR LOSS STATEMENT AS ON JULY 2016
£
Sales / Revenue…………………………………. 6441
Sales Return ……………………………………..227
Net sales …………………………………………..6214
Cost of sales
Purchase ………………………………………..10310
Return outwards…………………………………448
Net purchase……………………………………..9862
Direct expense……………………………………1110
Total cost…………………………………………10972
Gross Margin/ Profit………………………………8752
Total profit or Loss = Net sales – Total cost of sales
= 6214-10972
= -4758
BALANCE SHEET AS ON JULY 2016
Fixed assets £ £
Stationery ……………………………………………………89
Fixtures ……………………………………………………. 610
Van………………………………………………………….6500
Current assets
Bank…………………………10266
Cash …........................................81
Total Assets ……………………………………………………10347
17, 546
Current Liabilities
Creditors……………………9760
Net Current Assets……………………………………………..10347
9760
=587
TOTAL ASSEST ………………………………………. =7199+587
=7786
Financed by
Capital……………………………………………2500
Net capital………………………………………..2500

Final Assignment: PP Enterprises Transaction Book

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Final Assignment: PP Enterprises Transaction Book

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FINAL ASSIGNMENT

PP Enterprises Transaction Book

Bal C/d 380 Purchase 380 Return outwards 30 Purchase 500

Dr N Senior A/C Cr Dr R Morton A/C Cr

Dr J Cook A/C Cr Dr D Edwards A/C Cr

Dr A Green Cr Dr H George A/C Cr

Dr J Ferguson A/C Cr Dr K Ennevor A/C Cr

Dr F Powell A/C Cr Dr E Lee A/C Cr

Dr L Rodriguez A/C Cr Dr K Barton A/C Cr

Dr P Potter A/C Cr Dr H Harris A/C Cr

Dr L Nixon A/C Cr Dr K Mohammed A/C Cr

Dr O Green A/C Cr Dr F Bean A/C Cr

Dr F Turner A/C Cr Dr G Grill A/C Cr

Dr J Top A/C Cr Dr I Gray A/C Cr

Dr F Low A/C Cr Dr P Able A/C Cr

Dr T Burns A/C Cr Dr B Dock A/C Cr

Dr M Ryan A/C Cr Dr G Saul A/C Cr

Dr F Trip A/C Cr Dr P Coates A/C Cr

Dr T Dry A/C CR Dr F Hood A/C Cr

Dr Bank A/C Cr Dr Van A/C Cr

TOTAL 24345 24345

BALANCE SHEET AS ON JULY 2016

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