BTEC Level £ UNIT 5 Business Accounting Daniil Chernat
SSL Sports Profit and Loss Account P4 31st December 2014
£ £
Sales 1,150,000
Less cost of goods sold
opening stock 50,000
purchases 810,000
closing stock 45,000
815,000
gross profit 335,000
less expenses
rent 60000
rates 30000
wages & salaries 122000
telephone 1200
heat and light 6000
insurance 1200
advertising 2650
post 375
depreciation 10000
Total expenses 233425 233425
Revenue income 0
Net profit before tax 101,575
P4 achieved. You have completed a Profit & Loss Account. Well done
SSL Sports Profit and Loss Account P4 31st December 2014
£ £
Sales 1,150,000
Less cost of goods sold
opening stock 50,000
purchases 810,000
closing stock 45,000
815,000
gross profit 335,000
less expenses
rent 60000
rates 30000
wages & salaries 122000
telephone 1200
heat and light 6000
insurance 1200
advertising 2650
post 375
depreciation 10000
Total expenses 233425 233425
Revenue income 0
Net profit before tax 101,575
P4 achieved. You have completed a Profit & Loss Account. Well done
