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Essay

Introductory accounting and finance

Essay specific features

 

Issue:

Business

 

Written by:

Janet R

 

Date added:

April 14, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1555

 

Was viewed:

8549 times

 

Rating of current essay:

 
Essay content:

Stanley relating to trading during January 1st 2002 to December 31st 2002 ? ? ? Sales 125000 Less Cost of Sales Opening Stock 10430 Add Purchases 67634 78064 Less returns outward 48 78016 Add Carriage Inward 2120 80136 Less Closing Stock 11250 68886 GROSS PROFIT 56114 Less Expenses Salaries 28400 Postage & Stationary 98 Rent & Rates (2900-860) 2040 Packaging 3217 Bad debt 126 Provision for Bad Debt 60 Insurance 1220 Electricity (953+263) 1216 Depreciation (3000 + 1680) 4680 41057 Carriage Outward 2850 43907 NET PROFIT 12207 This is a balance sheet for Mr...
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Stanley as at 31st December 2002. ? ? ? Fixed Assets Fixtures & Fittings (15,000 + 8,400) 23,400 Less Depreciation (3,000 + 1,680) 4,680 18,720 Current Assets Stock 11,250 Debtors 3,200 Less Prov.for bad debt 150 3,050 Bank 590 Add Prepayments 860 1,450 Cash 165 15,915 Less Current Liabilities Creditors 6,765 Accruals 263 Working Capital 7,028 8,887 27,607 Financed By Capital 25,000 Add Net Profit 12,027 Less Drawings 9,600 27,607 C...
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General issues of this essay:
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