Sales £41,730 Fixed Assets
Opening Stock £4,350 Premises
£45,000
Purchases £33,850 Shop fittings
£5,000
Closing Stock £5,120 Motor Vehicles
£3,500
£53,500
Current Assets
Less cost of sales £33,080 Stock
£5,120
Debtors
£870
Gross Profit £8,650 Cash £65
Overheads/Expenses
£6,055
Rates £1,750 Less liabilities
Heating & lighting £840 Creditors £2,860
Telephone £260 Bank overdraft £2,840 £5,700
£355
General Expenses £795
£53,855
Repairs £220 Less long term liabilities
Net Profit £4, 785 Bank loan
£25,000
Opening Stock £4,350 Premises
£45,000
Purchases £33,850 Shop fittings
£5,000
Closing Stock £5,120 Motor Vehicles
£3,500
£53,500
Current Assets
Less cost of sales £33,080 Stock
£5,120
Debtors
£870
Gross Profit £8,650 Cash £65
Overheads/Expenses
£6,055
Rates £1,750 Less liabilities
Heating & lighting £840 Creditors £2,860
Telephone £260 Bank overdraft £2,840 £5,700
£355
General Expenses £795
£53,855
Repairs £220 Less long term liabilities
Net Profit £4, 785 Bank loan
£25,000
