Business level 3 unit 5 p4

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
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Gross profit

Discount received ### 811
Rent received ### 0
Interest received ### 0
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Expenses

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



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Net profit