Unit Title Unit 15: Book-Keeping For Business
Qualification BTEC International Level 2 Diploma In
Business
Start Date 5.5.2021
Deadline Date 12.5.2021
Teacher Fred Kisekka
Learner Gihozo Emmanuel
Assignment Criteria:
P4: Create appropriate trading, profit and loss accounts from a given set of data.
P5: Create a balance sheet from a given set of data.
M1: Explain the importance of a profit and loss and balance sheet for a business organization
when making strategic financial decisions.
D1: Evaluate how financial recording systems can contribute to managing business finances.
Introduction:
I have been given an opportunity to work with the financial department of Gasabo Pride Bakery
which is the leading supplier of bread in Gasabo and Kigali. I am going to help the department in
the areas of recording daily transactions in the financial documents and preparation of trading,
profit and loss accounts of the company for a given period and a balance sheet as at a given date.
Task 1:P4: Create appropriate trading, profit and loss accounts from a given set of data.
In this task I am going to create a table showing the trading, profit and loss of the data given t
about Gasabo Pride Bakery.
Trading can be defined as the action or activity of buying and selling goods and services
while a Loss is defined as having something or someone leave or be taken away from
you, a feeling of grief when something is gone, or a decline in money. A
business profit and loss statement shows you how much money your business earned and
Page |1 Gihozo Emmanuel Book-Keeping For Business
, lost within a period of time. There is no difference between income statement
and profit and loss.
TPL
Particular Amount Amount Amount
Sales 92340
Opening stock 18160
Purchases 69185
Return outwards 640
Carriage inwards 420
Net purchase 68965
Cost of goods 87125
available for sell
Closing stock 12000
Cost of sales 78125
Gross profit 17215
Expenses
Carriage outwards 1570
Wages and salaries 10240
Rent 3015
Communication 624
Communication 216
payable.
Insurances 405
Sunday expenses 318
Total expenses 17388
Net loss 173
Task 2: P5: Create a balance sheet from a given set of data.
Page |2 Gihozo Emmanuel Book-Keeping For Business
Qualification BTEC International Level 2 Diploma In
Business
Start Date 5.5.2021
Deadline Date 12.5.2021
Teacher Fred Kisekka
Learner Gihozo Emmanuel
Assignment Criteria:
P4: Create appropriate trading, profit and loss accounts from a given set of data.
P5: Create a balance sheet from a given set of data.
M1: Explain the importance of a profit and loss and balance sheet for a business organization
when making strategic financial decisions.
D1: Evaluate how financial recording systems can contribute to managing business finances.
Introduction:
I have been given an opportunity to work with the financial department of Gasabo Pride Bakery
which is the leading supplier of bread in Gasabo and Kigali. I am going to help the department in
the areas of recording daily transactions in the financial documents and preparation of trading,
profit and loss accounts of the company for a given period and a balance sheet as at a given date.
Task 1:P4: Create appropriate trading, profit and loss accounts from a given set of data.
In this task I am going to create a table showing the trading, profit and loss of the data given t
about Gasabo Pride Bakery.
Trading can be defined as the action or activity of buying and selling goods and services
while a Loss is defined as having something or someone leave or be taken away from
you, a feeling of grief when something is gone, or a decline in money. A
business profit and loss statement shows you how much money your business earned and
Page |1 Gihozo Emmanuel Book-Keeping For Business
, lost within a period of time. There is no difference between income statement
and profit and loss.
TPL
Particular Amount Amount Amount
Sales 92340
Opening stock 18160
Purchases 69185
Return outwards 640
Carriage inwards 420
Net purchase 68965
Cost of goods 87125
available for sell
Closing stock 12000
Cost of sales 78125
Gross profit 17215
Expenses
Carriage outwards 1570
Wages and salaries 10240
Rent 3015
Communication 624
Communication 216
payable.
Insurances 405
Sunday expenses 318
Total expenses 17388
Net loss 173
Task 2: P5: Create a balance sheet from a given set of data.
Page |2 Gihozo Emmanuel Book-Keeping For Business
