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Business level 3 unit 5 p4

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Prepare a profit and loss account and balance sheet for a given organisation.

Institution
PEARSON (PEARSON)
Module
Unit 5 - Business Accounting








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Study Level
BTEC
Examinator
PEARSON (PEARSON)
Subject
Business 2010 QCF
Unit
Unit 5 - Business Accounting
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Document information

Uploaded on
March 14, 2018
File latest updated on
June 17, 2019
Number of pages
6
Written in
2016/2017
Type
Other
Person
Unknown

Subjects

  • unit 5
  • business
  • level 3
  • p4

Content preview

Trading Profit and Loss account for the Y/E -------

£
Sales
Less: Returns inwards or Sales returns




Cost of sales
Opening inventory ### 48,560
Purchases ### 129,745
Returns outwards or Purchase returns ### 619
Carriage inwards ### 480
Closing inventory ### 55,350
------------

Gross profit

Discount received ### 811
Rent received ### 0
Interest received ### 0
------------



Expenses

General expenses ### 8,594
Wages and salaries ### 29,551
Rent and rates ### 10,926
Carriage outwards ### 2,110
Discount allowed ### 664



-------------

Net profit
$4.12
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100% Distinction standard; Business and Personal and Business Finance level 3

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