TRADING PROFIT AND LOSS ACCOUNT
£ £
Sales 192,587
Opening stock 2,468
Add purchases 66,214
Less closing stock 61,825
COST OF GOODS SOLD 61,825
GROSS PROFIT 130,762
LESS EXPENSES
Returns inwards 1,111
Wages 67,491
Rent and rates 5,400
Advertising and insurance 3,780
Lighting and heating 6,437
Motor expenses 18,342
Total Expenses 102,561
NET PROFIT 28,201
YEAR ENDING 31ST OCTOBER 2018