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Summary

Summary M3 UNIT 8

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Summary of 3 pages for the course Unit 8 - Accounting Systems at PEARSON (M3 UNIT 8)

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Uploaded on
May 19, 2017
Number of pages
3
Written in
2016/2017
Type
Summary

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Details Trial Balance Adjustments Profit/Loss Balance Sheet
DR CR DR CR DR CR DR CR
Sales 141,110 141,110
Opening stock 23,100 23,100
Purchases 74,090 74,090
Wages 6,700 6,700
Rent/rates 5,800 5,800
Electricity 560 210 770
Telephone 420 420
Sundry expenses 2,420 2,420
Fixtures/ fittings 4,000 1,200 400 4,000 1,600

Provision for
depreciation
Cash at bank 4,200 4,200
Cash in hand 2,010 2,010
Trade payables 4,380 4,380
Capital 13,000 13,000
Drawings 36,390 36,390

Closing stock 25,120 25,120 25,120 25,120
Depreciation 400 400
expense
Accrual 210 210
Net profit 52,530 52,530

Total 159,690 159,690 25,730 25,730 166,230 166,230 71,720 71,720

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