FINANCIAL ACCOUNTING SS2 FINAL ACCOUNTS

TRADING ,PROFIT AND LOSS ACCOUNTS Refer to week one and week two topic Prepare trading ,profit and loss account of Joys Plc for the year ended 31st December,2013. # Sales 130,900 purchases 92,100 Discount receive 8,420 Stock 1stJan2013 23,910 Carriage inwards 215 Return inwards 550 Carriage outwards 309 Return outwards 307 Wages& salaries 1,630 Sundry expenses 2,970 Telephone 2,810 Advertising 10,492 Rent 1,377 stock drawings 123 Stock at close 25,000 prepare the final accounts for the year ended 31st December,2013

JOYS PLC TRADING ,PROFIT AND LOSS ACCOUNTS FOR THE ENDED 31ST DECEMBER ,2013 Opening stock 23910 Sales 130,900 Purchases 92100 Less return inwards 550 Add carriage inwards 215 Net sales 130350 92315 Less : return outwards 307 stock drawing 123 430 Add Net purchases 91885 Cost of goods available for sale 115795 Less Closing stock 25000 Cost of sales 90795 Gross profit c/d 39555 130350

Carriage outwards 309 Gross profit b/d 39555 Wages &salaries 1630 Discount received 8420 Sundry expenses 2970 Telephone 2810 Advertising 10492 Rent 1377 Net profit 28387 47975

ASSIGNMENT Prepare trading ,profit and loss account of Adelans Plc for the year ended 31st December,2012 # Sales 125,000 purchases 80,000 Discount receive 6,420 Stock 1stJan2013 20,910 Carriage inwards 215 Return inwards 350 Carriage outwards 209 Return outwards 207 Wages& salaries 1,530 Sundry expenses 1870 Telephone 2,610 Advertising 10,400 Rent 1,200 stock drawing 173 Stock at close 15,000