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    Chevannese Smith
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    The document summarizes the trading and profit and loss account and balance sheet for SPL superstore for the year ended December 31, 2021. It lists sales, costs of goods sold, expenses, net profit, assets including land, vehicles, machinery, stock and receivables, liabilities including accounts payable, and financing including capital and net profit.

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    The document summarizes the trading and profit and loss account and balance sheet for SPL superstore for the year ended December 31, 2021. It lists sales, costs of goods sold, expenses, net profit, assets including land, vehicles, machinery, stock and receivables, liabilities including accounts payable, and financing including capital and net profit.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    11 views2 pages

    Chevannese

    Uploaded by

    Chevannese Smith
    The document summarizes the trading and profit and loss account and balance sheet for SPL superstore for the year ended December 31, 2021. It lists sales, costs of goods sold, expenses, net profit, assets including land, vehicles, machinery, stock and receivables, liabilities including accounts payable, and financing including capital and net profit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 2

    SPL superstore Trading and Profit and Loss Account ended year December 31,2

    $
    Sales
    Less sales returns
    Less cost of sales
    Opening stock
    Add purchases
    Add carriage Inwards
    Cost of goods available
    Less closing stock
    Cost of sales
    Gross profit

    Less expenses
    Carriage outwards
    Salaries and wages
    Utilities
    Office expenses
    Motor vehicle repairs
    Total expenses
    Net profit

    SPL superstore Balance sheet year ended December 31,2021


    $
    Fixed assets
    Land
    Motor vehicle
    Machinery

    Current assets
    Opening stock
    Accounts receivable
    Provision for doubtful debts
    Cash
    Bank

    Less current liabilities


    Account payable
    Accum provision for dep. machinery
    Accum provision for motor vehicle
    Working captial
    Financed by
    Captial
    Add net profit

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