c affects capital
fa fixed asset
ca current asset
cl current liability
fl fixed liability
e expense
pe expense with prepaid part
ae expense with accrued part
pr revenue with prepaid part
ar accrued revenue
g required for gross profit
d data to be calculated upon.
  ID Trial Balance (TB) DR CR  
  Land and Buildings £135,000    
  Office Equipment £57,000    
  Vehicles £35,000    
    Accumulated depreciation:      
  Land and Buildings   £23,400  
  Office Equipment   £27,800  
  Vehicles   £7,800  
  Inventory £25,800    
  Cash £2,100    
  Bank   £5,350  
  Purchases and Sales £63,900 £184,000  
  Returns £2,900 £3,400  
  Discounts Allowed £1,890    
  Discounts Received   £1,560  
  Capital   £79,230  
  Salaries £20,000    
  Insurance £3,000    
  Accounts Receivable £15,800    
  Accounts Payable   £13,900  
  Loan (Repay in 5 years)   £40,000  
  Drawings £9,800    
  Motor Expenses £12,900    
  Carriage In £1,350    
  End of Year Adjustments:  
  Closing Inventory 13700    
  Allowance for Doubtful Debts rate 4% of debtors  
  Depreciation Method:    
    Land and Buildings depreciated over 50 years      
  9% straight line  
  12% reducing balance  
    Insurance Owing is £500    
  1 months salaries owing      
    Motor Expenses are prepaid by £300    
  12% A full years's loan interest to be accrued. (12 % per annum)  
    Income Statement £ £  
    Less Expenses (use TB order)      
    EOYA Expenses (use EOYA order)      
    Balance Sheet £ £ £
    Fixed Assets (use TB order)      
    Current Assets (use TB order)      
    EOYA (Use EOYA order)      
    Current Liabilities (use TB order)      
    EOYA (Use EOYA order)      
    Fixed Liabilities      
    Net Assets