1. FINANCIAL ACCOUNTING SS2
FINAL ACCOUNTS

2. 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 , purchases , Discount receive , Stock 1stJan , Carriage inwards Return inwards Carriage outwards Return outwards Wages& salaries , Sundry expenses , Telephone , Advertising , Rent , stock drawings Stock at close , prepare the final accounts for the year ended 31st December,2013

3. JOYS PLC TRADING ,PROFIT AND LOSS ACCOUNTS FOR THE ENDED 31ST DECEMBER ,2013
Opening stock
Sales ,900
Purchases
Less return inwards
Add carriage inwards
Net sales
92315
Less : return outwards
stock drawing
Add Net purchases
Cost of goods available for sale
Less Closing stock
Cost of sales
Gross profit c/d
130350

4. Carriage outwards
Gross profit b/d
Wages &salaries
Discount received
Sundry expenses
Telephone
Advertising
Rent
Net profit
47975

5. ASSIGNMENT
Prepare trading ,profit and loss account of Adelans Plc for the year ended 31st December,2012
# Sales , purchases , Discount receive , Stock 1stJan , Carriage inwards Return inwards Carriage outwards Return outwards Wages& salaries , Sundry expenses Telephone , Advertising , Rent , stock drawing Stock at close ,000