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      
    Premises £400,000        
    Fixtures £35,000        
    Purchases and Sales 91000 £255,000      
    Bank £3,500        
    Inventory £19,000        
    Cash £800        
    Postage £4,070        
    Stationary £2,000        
    Returns Out   £2,500      
    Returns In £1,100        
    General Expenses £11,250        
    Rent £13,000        
    Discount Allowed £2,600        
    Discount Received   £1,250      
    Bad Debts £4,200        
    Motor Cars £51,000       `
    Loan Interest £13,200        
    Fixtures Depreciation   £16,000      
    Motor Cars Depreciation   £22,000      
    Capital   £200,000      
    Salaries £23,000        
    Insurance £3,400        
    Allowance for doubtful debts   £450      
    Motor Expenses £8,100        
    Accounts Receivable £44,500        
    Accounts Payable   £29,000      
    Commission Received   £12,000      
    Carriage In £1,550        
    Carriage Out £930        
    Drawings 25000        
    8% Bank Loan (repay in 5 years)   £220,000      
    End of Year Adjustments:      
    Closing Inventory 23000        
    Depreciation Method:        
    25% Reducing Balance      
    15% on cost        
      Motor Expenses Owing £250        
      Insurance prepaid £450        
    3 months loan interest owing, interest rate: 8%        
      Allowance for doubtful debts rate is set at 2% of debtors      
      Rent prepaid £500        
      Owner paid for a personal holiday from General Expenses        
      (adjust drawings and general expenses) £2,500        
      Income Statement £ £      
      Less Expenses (use TB order)          
      EOYA Expenses (use EOYA order)          
      Net Profit        
      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