Trial balance of deirdre barlow trading profit and loss

sales £ 850,000.00
less cost of sales
opening stock £ 45,000.00
purchases £ 300,000.00
less purchase returns £ 12,000.00 £ 288,000.00
£ 333,000.00
(-) 5000 £ 328,000.00
less closing stock £ 522,000.00

gross profit
less expenses
office overhead £ 55,000.00
wages £ 180,000.00
heat and light £ 59,230.00
telephone £ 6,500.00
advertising £ 9,000.00
bad debts £ 28,326.00
motor expense £ 9,800.00
sundry expenses £ 10,236.00
office furniture £ 2,540.00
provision for bad debts £ 3,000.00
£ 363,632.00
£ 158,368.00
net proft

balance sheet
non current assests cost dpr nbv
premises £ 110,000.00 £ 110,000.00
motor vehicle £ 80,000.00 £ 80,000.00
office furniture £ 12,700.00 £ 2,540.00 £ 10,160.00
£ 200,160.00

current assests
closing stock £ 5,000.00
debtors £ 27,000.00
bank £ 10,236.00
advertising prepaid £ 3,000.00
£ 40,000.00
net assests £ 240,160.00

capital and liablity

capital £ 87,072.00
net profit £ 158,368.00
less drawings (-) £ 35,000.00
£ 210,440.00
non current liabilities
long term loan
current liabilities
creditors £ 28,490.00
heat and light due £ 1,230.00 £ 297,120.00
total assests and liabilities £ 240,160.00
 include depreciation in expenses

take expenses from gross profit for net profit

net book value

prepayments are a current assest

non current plus current assets

add
add due by us