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General Ledger

Furniture ‘r’ us A/C Date 28.10.2011 Details Amount Bank 42,000 Date 28.10.11 Details Office machine Amount 42,000

Office Machine A/C Details Date 1.10.11 Furniture ‘r’ us Amount 42,000 75,000 1.11.11 Balance b/d 117,000 Date 31.10.11 Details Bal c/d Amount 75,000 75,000

Drawing A/C Date 4.10.11 20.10.11 27.10.11 31.10.11 Details Cash Purchase Bank Cash and Bank Amount Date 3,000 31.11.2011 9,900 12,000 9,000 33,900 33,900 Details Bal c/d Amount 33,900

1.11.11

Bal b/d

33,900

Carriage Inward A/C Date 31.10.11 Details Bal c/d Amount 2800 2800 Date 27.10.11 1.11.11 Details R .Whyte Bal b/d Amount 2800 2800 2800

11 Cash/Bank Amount 5000 5000 1.11 Bal b/d Internet A/C Date Details 18.10.500 01.10.11.11 Details Bal c/d Amount 4000 4000 1.10.500 Details Bal c/d Amount 11.10.10.11 Details Amount Date Cash/ Bank 8000 31.11 Cash/Bank Amount 4000 4000 4000 Date 31.11 Details Bal c/d Amount 5000 5000 .11 29.11 Repair Expenses A/C Date Details 18.10.500 11. Saving 3500 11.11 P.10.500 Bal b/d 11.11 Bal b/d 5000 Date 31.11.Advertising Expenses A/C Date 18.11.

11 Cash/Bank Amount 4000 4000 4000 Date 31.200 1.10.11 Bal b/d 6000 Date 31.11 Details Bal c/d Amount 10.11 Bal b/d 10.11.11 18.11 Details Bal c/d Amount 4000 4000 1.Cable TV A/C Date Details 18.10.10.10.11 Details Cash and Bank Cash and Bank Amount 6000 4200 Date 31.10.11 Details Cash and Bank Cash and Bank Amount 3000 3000 6000 1.11 29.11 Details Bal c/d 10.11 Bal b/d Electricity A/C Date 18.200 10.200 Water A/C Date 18.10.10.11.200 Amount 6000 6000 .11.10.

000 Bal b/d 63.10.000 31.11.10.000 25.11 Cash and bank J.11 Details Cash Amount 4000 Date 31.000 63.10.11.10.10.11 Bal b/d 4.11 Bal c/d 75.10.Osbourne 50.11 Details Bal c/d Amount 4.9.11 Bal b/d .11 20.000 Details Bal c/d Amount 12.000 75.000 Loan Interest Date 31.11 1.000 1.000 4.10.Loan A/C Date 31.11 Cash/Bank Amount 6000 6000 6000 Date 31.11.11 Details Bal c/d Amount 6000 6000 1.11 Amount Date Details 25.000 Carriage Outward A/C Date Details 30.000 4.

000 4.000 4.000 11.39.950 611.500 -61.200 -681.600 3.000 34.310 -61.600 659.200 6.210 80.090 8.70.Trading &Profit and Loss Account for the year ended 31 Oct.300 .788 .800 742.31.300 .000 10.000 5.000 699.942 150.160 .780 6.642 88. 2011 $ $ $ Sales Less: Return Inwards Cost of goods sold Opening stock Add: Purchase Less: Return Outwards Add: Carriage Inwards Less: Closing Stock Gross Profit Add: Discount Receive Less: Expenses Carriage outwards Loan interest Advertising expenses Repair expense Internet expenses Cable TV expenses Electricity expenses Water Wages Expenses Discount allowed Net profit 643.700 +2.500 4.

51.676 Current Liability Creditor Working capitol Financed by Capital Add: Net Loss Less: Drawings Net profit 502.922 565.33.000 .565.078 749.700 .722 598.536 + 25.900 565.000 + 500.000 61.Balance Sheet as at 31 October 2011 $ Fixed Asset Furniture Building Current Asset Stock Debtor Cash at bank Cash in hand 117.598 + 63.978 .598 .150.000 513.078 .000 $ $ 617.200 177.940 249.

31 2011.890 128.8 2011.2 2011.Oct.160 .Oct.010 225.Oct.Date Detail Sales a/c Amount Date 2011.750 52.6 2011.270 643.500 9.Oct.Oct.Oct.820 174.Oct.15 2011.31 Detail bank bank Cash Cash Cash Sales Total credit sales for the month Amount 20.920 31.6 2011.

7 2011.300 April Lile Date 2011.Oct. Oct.7 Bal b/d 128.7 Purchases 88.Nov.Oct.Oct.300 .Oct.Nov.Oct.Shanique Myrie Date 2011.1 Detail Purchases Amount 128.31 2011.000 9.Nov.740 Discount 760 Bank 2.00 Date 2011.7 2011.Oct.500 2011.31 Detail Bank Discount Return Outward Bal c/d Amount Date Detail Amount 11.7 2011.300 128.31 2011.470 Discount 130 Return Inward 4.500 2011.13 2011.000 2011.Nov.000 111.700 66.Nov.300 88.500 1.Nov.500 66.13 Detail Amount Bank 8.1 Bal c/d 88.600 Bal c/d 111.7 2011.

Date 2011.400 165.31 Detail Bank Discount Return Inward Bal c/d Tamara Jones Amount Date 16.Oct.598 . Oct.Oct.400 2011.800 2011.Oct.31 2011.200 2011.000 Total Creditor 470.700 Purchases 101.Nov.400 16.Oct.21 9.700 Bal b/d 192.500 192.1 Detail Amount Purchases 90.Oct.31 2011.31 2011.8 1.

1 .300 Detail Drawings Bal c/d Amount 9.Purchases Date 2011.000 709.20 Total credit 616.15 709.Oct.200 2011. Oct.Oct.28 2011.400 2011.Oct.900 699.200 Bal b/d 699.Oct.31 purchases for the month Bank 49.Nov.31 Detail Amount Date Bank 43.300 2011.800 2011.

000 63.500 4.598 2.000 4000 80.006.300 31.000 10.200 6.642 8.700 500.310 749.000 117.Roxanne Whyte Trail Balance 31 October 2011 Dr. $ 643160 Purchase Sales Return Inwards Return Outwards Cash Bank Furniture Drawing Wages Advertising expense Repair expenses Internet expenses Cable TV expenses Electricity expenses Water expenses Loan Carriages Inwards Carriages Outwards Discount Allowed Discount Received Capital Buildings Loan Interest Stock Trade Debtors Trade Creditors .368 502.940 2.600 11.600 25.950 39.000 5.900 34.536 117.000 2800 6000 3.000 33.368 Cr.006. $ 699.000 4.000 249.

Mark up Net loss x 100 = 150.200 Cost price 6.700 = 2:24:9 .476 565.Ratio Roxanne Whyte hardware can be interpreted by the following. 1. Acid test Current asset – Stock = 513.598 = 0:79:1 2.598 452.200 Current Liability 565.700 Mark up Net loss x 100 = 15.676 .61.722 x100 Cost price 6.072.

200 80.000 .Line Graph showing market growth of September and October. 80 70 60 50 40 30 20 10 0 September October 61.

September 40% Gross profit $138.Pie Chart comparing results for both months.722 87% .600 60% Net profit $91.090 Net profit $-150.510 October 13% Gross profit $-70.

Conclusion Roxanne Whyte hardware performed its best within the first month but more could have been done to sustain the growth of the business. The proprietor could also engage in a concession with suppliers to bring more goods into the business in variety. . The proprietor could seek to empty more persons. learn some management skill to better use the resources of the business.

Recommendation Roxanne Whyte Hardware performed good in sales for September but suffered a loss in October. get a variety of new things to sell thus improving the market sales and improve in the profit for the business. I am recommending that she employs more workers. .

.Performance or the Business It can be seen that the business has grown within a month period for September 1 to 30th and receive a loss within the next month.

This business has been operating for (5) years. Our business is small thus having two (2) workers but they have been excellent work throughout the years. .Introduction This business is in operation for the purpose of selling hardware supplies. We would like to expand and employ more persons in the near future.

Interperatation of results  Calculation of simple accounting ratios  Performance of the business  Comparisons  Suggession and recommendation  Conclusion 5. Entity Operated and Description of Activity 3.Table of Contents 1. Presentation of Actual Accouting Procedure and Records kept  Books of Original Entry  Ledgers  Trial Balance  Income Statement  Statement of Financial position 4. Aim of Project 2. Appendice  Sounce of document  Diagrams  Charts  Statisticsal Data .