statement of profit and loss

particulars calculation amount amount

sales 1300000
cost of sales
inventory at the begenning 150000
purchase 470000
inventory at the end 250000
depn 18000 388000
gross profit 912000
distribution cost 6000+240000 246000

6000+7500
0-
90000+170
administrative cost 000 161000

profit from operation 505000

Finance cost (5000+3000) 8000

other income 0

profit before tax 497000

taxable expenses (135000+10000) 145000
profit for the year 352000

working note
fixed assets

name of the assets opening purchase sales accumulated DEPN total accumulated
land 110000
building 100000 48000 5000 53000
plant and machinery 125000 75000 25000 100000
30000

retained earning
opening 270000
profit 352000
dividend 6000
closing 616000
statement of financial position

particulars calculation amount amount

non current assets (WN1)
land and buildings 157000 157000
plant and machinery 25000
182000
current assets
inventory 250000
cash and bank balance 9000
trade receivable 728000 987000

total assets 1169000

equity and liability

capital and reserve
share capital 200000
retained earnings 616000 816000

non current liabilities

loan 80000

current liablilites
tax payable 135000
intrest payable 3000
trade payable 60000
provision for warrenty 75000 273000
1169000

closing balance
110000
47000
25000