Year 10 - Accounting - 5.11.13

Thai Sikh International School

E-Learning Programme – Online Assignment –  05/11/2013

Name:                                                                                     Subject:  Accounting

Year   :  10 A/B                                                                      Week No. :  04                                  

1.      Prepare profit and loss account and Balance sheet

         $

Gross profit                             58100

Wages                                         19150

Office expenses                        1300

Rent and property tax           5170

Insurance                                   910

Carriage outwards                  4270

Motor expenses                       7770

Sundry expenses                     410

Commission received             3000

Stock at 31 December           25000

Debtors                                      13350

Bank                                            9400

Cash                                            1000

Creditors                                    8430

Loan                                            20000

Machinery                                 20000

Motor van                                 11000

Capital                                        38800

Drawings                                   10000

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