Simple Format

Trading and Profit and Loss Accounts/Income Statement

for year ended Date
$ $
Sales

Less Cost of Goods Sold:

Pruchases XXX
Less Closing Stock (XXX)
Cost of Goods Sold/Cost of Sales
Gross Profit

Less Expenses:
Insurance XXX
Salaries amd Wages XXX
Repairs and Mentenance XXX
General Expenses XXX
Miscelaneous Expenses XXX
Sundry Expenses XXX
Utilities Charges XXX
Loan Interest XXX
Rent XXX
Wages XXX
Discount Allowed XXX
Net Profit

Simple Format
Balance Sheet
as at December 31, 2006
Cost Acc. Dep.
Fixed Assets $ $
Premises and Building xxx -
Equipment xxx -
Fixtures and Fittings xxx -
Motor Van xxx -
xxx -

Current Assets
Stock xxx
Debtors xxx
Bank xxx
Cash xxx
xxx
Current Liabilities:
Creditors xxx
Bank Overdraft xxx
Short Term-Loan xxx (xxx)
Working Capital

Long-Term Liabilities
Long Term Liability

Financed By:
Capital xxx
Add Profit (xxx)
xxx
Less Drawings (xxx)
nt

$
XXX

(XXX)
XXX

(XXX)
XXX

N.B.V.
$
xxx
xxx
xxx
xxx
xxx

xxx
xxx

xxx

xxx
xxx
Manufacturing, Trading and Profit and Loss Accounts
for year ending …………………………………..
Direct Manufacturing Cost $ $ $
Opening stock of raw materials xxx
Add Purchases xxx
Add Carriage inwards on raw materials xxx
xxx
Less Return Outwards on raw materials (xxx)
Net Purchases on raw materials xxx
Raw materials available for consumption xxx
Less closing stock of raw materials (xxx)
Cost of raw material consumed xxx
Direct wagge/Factory wage xxx
Direct expences xxx
Royalties xxx
Prime Cost xxx
Indirect Manufacturing Cost:
Fuel and Power xxx
Indirect wages xxx
Factory manager's salary xxx
Factory Rent xxx
Depreciation of plant and machinery xxx
Insurance xxx
Factory Overhead Cost xxx
xxx
Work in Progress:
Add opening work in progress xxx
xxx
Less closing work in progress (xxx)
Production Cost xxx

Sales xxx
Less Cost of Goods Sold:
Opening stock of finish goods xxx
Add production Cost xxx
Add Purchases of finish goods xxx
Cost of goods available for sales xxx
Less closing stock of finish goods (xxx)
Cost of goods sold (xxx)
Gross Profit xxx
Add Additional Revenue:
Rent Received xxx
Commission Received xxx
Decrease in Provision for bad debt xxx
Discount Received xxx
xxx
xxx
Less Expences:
Selling Expences xxx
Administrative expences xxx
General Expences xxx
xxx
Net Profit xxx
Purchases Ledger Control Accounts/Total Creditor Control Account
2009 $ 2009 $
Jan. 1 Balance b/d xxx Jan. 1 Balance b/d xxx
Jan. 31 Discount Received xxx Jan. 31 Credit Purchases xxx
Jan. 31 Return Outwards xxx Jan. 31 Balance c/d xxx
Jan. 31 Payment to Criditors xxx
Jan. 31 Set-Off Sale Ledger xxx
Jan. 31 Balance c/d xxx
xxx xxx
Feb. 1 Balance b/d xxx Feb. 1 Balance b/d xxx

Sales Ledger Control Accounts/Total Debtor Control Account

2009 $ 2009 $
Jan. 1 Balance b/d xxx Jan. 1 Balance b/d xxx
Jan. 31 Credit Sales xxx Jan. 31 Receipt from debtor xxx
Jan. 31 Cash refund xxx Jan. 31 Bad debt xxx
Jan. 31 Dishonoured Cheque xxx Jan. 31 Discount Allowed xxx
Jan. 31 Interest on debt xxx Jan. 31 Return Inwards xxx
Jan. 31 Balance c/d xxx Jan. 31 Set-Off Purchases Ledger xxx
Jan. 31 Balance c/d xxx
xxx xxx

Subscription Accounts
2009 $ 2009 $
Jan. 1 Accrued b/d xxx Jan. 1 Prepaid b/d xxx
Jan. 31 Prepaid c/d xxx Jan. 31 Cash received from members xxx
Jan. 31 Accrued c/d xxx
xxx xxx
Company
Trading and Profit and Loss Appropriation Accounts
for year ending …………………………………..
$ $ $
Sales xxx
Less Sales Return/Retuen Inwards (xxx)
Net Sales xxx
Less Cost of Goods Sold:
Opening stock xxx
Add Purchases xxx
Add Carriage Inwards xxx
xxx
Less Purchases Return/Return Outwards (xxx)
Net Purchases xxx
Cost of Goods Available for Sale xxx
Less Closing stock (xxx)
Cost of goods sold (xxx)
Gross Profit xxx
Add Additional Revenue:
Rent Received xxx
Commission Received xxx
Decrease in Provision for bad debt xxx
Discount Received xxx
xxx
xxx
Less Expences:
Rent
Utilities xxx
Depreciation:
Building xxx
Motor Vehicles xxx
Equipment xxx
Insurance xxx
Less Prepaid Insurance (xxx) xxx
Motor Expence xxx
Director Renumeration xxx
Bad debt xxx
Increase in Provision for bad debt xxx
Salary and Wages xxx
Accrued Salary xxx xxx
Discount allowed xxx
Debenture Interest xxx
Administrative expences xxx
General Expences xxx
xxx
Net Profit xxx
Add Retained Profits from last period xxx
xxx
Less Appropriation Items:
General Reserves xxx
Asset Revaluatiion Reserves xxx
Capital Reserves xxx
Ordinary Dividends xxx
Preference Dividends xxx
(xxx)
Retained Profits c/d xxx
Partnership
Profit and Loss Appropriation Accounts
for period ending Date………………
$ $ $
Net Profit xxx
Add Interest on Drawings:
J. Huges Calculation xxx
A. Henry Calculation xxx
xxx
xxx
Less Appropriation Items:
Interest on Capital: Calculation
J. Hughes Calculation xxx
A. Henry xxx
Salary:
J. Hughes Calculation xxx
A. Henry Calculation xxx
Interest on Partner's Loan:
J. Hughes Calculation xxx
A. Henry Calculation xxx (xxx)
Balance of Profits xxx

Share of Profits:
J. Hughes 1/2 Calculation xxx
A. Henry 1/2 Calculation xxx
xxx
Co-oporation
Income and Expenditure Appropriation Accounts
for year ending …………………………………..
Income: $ $ $
Interest on Loans xxx
Savings xxx
Dividend Received xxx
xxx
Expenditure:
Depreciation on Office Equipment xxx
Rent xxx
Insurance xxx
Printing and Stationery xxx
Utilities xxx
Salaries and Wages xxx
(xxx)
Surplus xxx
Income from investing in other business xxx
Patronage Refund xxx
Add Undistributed Surplus xxx
xxx
Less Appropriation Items:
Transfer to education Fund xxx
Asset Revaluatiion Reserves xxx
Capital Reserves xxx
Ordinary Dividends xxx
Preference Dividends xxx
(xxx)
Retained Profits c/d xxx
Income and Expenditure Appropriation Accounts
for year ending …………………………………..
Income: $ $ $
Subcription xxx
Profits from special activities xxx
ticket sales
Donations xxx
xxx
Expenditure:
Depreciation on Office Equipment xxx
Rent xxx
Insurance xxx
Printing and Stationery xxx
Utilities xxx
Salaries and Wages xxx
(xxx)
Surplus xxx
Complex Format
Balance Sheet
as at Date
Cost Acc. Dep. N.B.V.
Fixed Assets $ $ $
Premises and Building xxx xxx xxx
Equipment xxx xxx xxx
Fixtures and Fittings xxx xxx xxx
Motor Van xxx xxx xxx
xxx xxx xxx

Current Assets
Stock xxx
Debtors xxx
Less provision for bad debt (xxx) xxx
Accrude Revenue xxx
Prepaid Expense xxx
Bank xxx
Cash xxx
xxx
Less Current Liabilities:
Creditors xxx
Accrude Expenses xxx
Prepaid Revenue xxx
Bank Overdraft xxx
Short Term Loan xxx
ordinary dividends xxx
preference dividends xxx (xxx)
Working Capital xxx
xxx

Long-Term Liabilities
Long Term Loan xxx
Debenture xxx
Mortgages xxx xxx
Partnership
Current Account
J. Hughes A. Henry J. Hughes A. Henry
2009 $ $ 2009 $ $
Jan. 1 Balance b/d xxx xxx Jan. 1 Balance b/d xxx xxx
Jan. 31 Interest on Drawings xxx xxx Jan. 31 Interest on Capital xxx xxx
Jan. 31 Drawings xxx xxx Jan. 31 Interest on Loan xxx xxx
Jan. 31 Balance c/d xxx xxx Jan. 31 Salary xxx xxx
Jan. 31 Share of Profits xxx xxx
Jan. 31 Balance c/d xxx xxx
xxx xxx xxx xxx

Feb. 1 Balance b/d xxx xxx Feb. 1 Balance b/d xxx xxx
Complex Format
Trading and Profit and Loss Accounts/Income Statement
for year ended December 31, XXXX
$ $ $
Sales XXX
Less Return Inwards (Sales Return) (XXX)
Net Sales XXX
Less Cost of Goods Sold:
Opening Stock/Inventory XXX
Add Purchases XXX
Add Carriage Inwards/Transportation Inwards XXX
XXX
Less Return Outwards (Purchases Return) (XXX)
Net Purchases XXX
Cost of Goods Available for Sales XXX
Less Closing Stock (XXX)
Cost of Goods Sold (XXX)
Gross Profit XXX
Add Additiional Revenue:
Decrease in Provision for Bad Debt/Doubtful Debt (TB-FN) XXX
Discount Received XXX
Commission Received XXX
Less Prepaid Commission Received (XXX) XXX
Rent Received XXX
Add Accrude Rent Received XXX XXX XXX
XXX
Less Expenses:
Insurance XXX
Utilities Charges XXX
Add Accrude Utilities Charges XXX XXX
Loan Interest XXX
Rent XXX
Wages XXX
Less Prepaid Wages (XXX) XXX
Discount Allowed XXX
Carriage Outwards/Transportation Outwards XXX
Commission XXX
Increase in Provision for Bad Debt/Doubtful Debt (FN-TB) XXX
Depreciation:
Motor Van XXX
Equipment XXX
Fixtures and Fittings XXX
Bad Debt XXX (XXX)
Net Profit XXX
Complex Format
Balance Sheet
as at December 31, 2006
Cost Acc. Dep. N.B.V.
Fixed Assets $ $ $
Premises and Building xxx xxx xxx
Equipment xxx xxx xxx
Fixtures and Fittings xxx xxx xxx
Motor Van xxx xxx xxx
xxx xxx xxx

Current Assets
Stock xxx
Debtors xxx
Less provision for bad debt (xxx)
xxx
Accrude Revenue xxx
Prepaid Expense xxx
Bank xxx
Cash xxx
xxx
Current Liabilities:
Creditors xxx
Accrude Expenses xxx
Prepaid Revenue xxx
Bank Overdraft xxx
ordinary dividends xxx
preference dividends xxx (xxx)
Working Capital xxx
xxx
Financed By:
Ordinary Share Capital xxx
Preference Share Capital xxx
General Reserves xxx
Asset Revaluatiion Reserves xxx
Capital Reserves xxx
Retaind Profit for the period xxx
xxx
Complex Format
Balance Sheet
as at Date
Cost Acc. Dep. N.B.V.
Fixed Assets $ $ $
Premises and Building xxx xxx xxx
Equipment xxx xxx xxx
Fixtures and Fittings xxx xxx xxx
Motor Van xxx xxx xxx
xxx xxx xxx

Current Assets
Stock xxx
Debtors xxx
Less provision for bad debt (xxx) xxx
Accrude Revenue xxx
Prepaid Expense xxx
Bank xxx
Cash xxx
xxx
Less Current Liabilities:
Creditors xxx
Accrude Expenses xxx
Prepaid Revenue xxx
Bank Overdraft xxx
Short Term Loan xxx
ordinary dividends xxx
preference dividends xxx (xxx)
Working Capital xxx
xxx

Long-Term Liabilities
Long Term Loan xxx
Debenture xxx
Mortgages xxx xxx

Financed By:
Share Capital:
Ordinary Share Capital xxx
Share Premium xxx
Preference Share Capital xxx
General Reserves xxx
Asset Revaluatiion Reserves xxx
Capital Reserves xxx
Retaind Profit for the period xxx
xxx
Financed By:
Capital:
J. Hughes xxx
A. Henry xxx
Current Account
J. Hughes xxx
A. Henry xxx xxx
xxx

Company Balance Sheet Extract

Current Liabilities:
Creditors xxx
Accrude Expenses xxx
Prepaid Revenue xxx
Bank Overdraft xxx
ordinary dividends xxx
preference dividends xxx

Financed By:
Ordinary Share Capital xxx
Preference Share Capital xxx
General Reserves xxx
Asset Revaluatiion Reserves xxx
Capital Reserves xxx
Retaind Profit for the period xxx
xxx
Complex Format
Balance Sheet
as at Date
Cost Acc. Dep. N.B.V.
Fixed Assets $ $ $
Premises and Building xxx xxx xxx
Equipment xxx xxx xxx
Fixtures and Fittings xxx xxx xxx
Motor Van xxx xxx xxx
xxx xxx xxx

Current Assets
Stock xxx
Debtors xxx
Less provision for bad debt (xxx) xxx
Accrude Revenue xxx
Prepaid Expense xxx
Bank xxx
Cash xxx
xxx
Less Current Liabilities:
Creditors xxx
Accrude Expenses xxx
Prepaid Revenue xxx
Bank Overdraft xxx
Short Term Loan xxx
ordinary dividends xxx
preference dividends xxx (xxx)
Working Capital xxx
xxx

Long-Term Liabilities
Long Term Loan xxx
Debenture xxx
Mortgages xxx xxx

Financed By:
Capital:
J. Hughes xxx
A. Henry xxx
Current Account
J. Hughes xxx
A. Henry xxx xxx
xxx