Statement of comprehensive income for Mr Phiri for the year ended 31 December 2014

$ $
Sales
Less:Cost of Sales
Opening stock 4950.00
Add: Purchases 36750.00
41700.00
Less: Closing Stock 4050.00
Gross Profit
Less:Operating Expenses
Wages 3300.00
Rent (9300-750) 8550.00
Heat & Lighting 1200.00
Depreciation:Fittings 1500.00
Vehicle 2250.00

STATEMET OF FINCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2014

Non current assets COST D.P.N

Buildings 15000.00 6750.00
Fixtures 11250.00 6000.00
26250.00 12750.00
Current Assets
Stock 4050.00
Debtors 1650.00
Prepayment 750.00
Cash at Bank 1920.00
8370.00
Current Liabilities
Creditors 1320.00

Financed By:
Capital:
Tapiwa 6000.00
Hazel 3000.00
Current Accounts
Tapiwa 5250.00
Hazel 6300.00

MANUFACTURING ACCOUNT FOR THE YEAR ENDED 31JULY 2016

 $
Raw Materials
Opening Stock
Add: Purchases 43000.00

Less: Closing Stock

ded 31 December 2014 Profit and loss appropriation account for Tapiwa and hazel for the year end
$
78000.00 Net Profit 23550.00
Less: Interest On capital
Tapiwa 300.00
Hazel 150.00 450.00
23100.00
37650.00 Less: Salarie
40350.00 Tapiwa 7500.00
Hazel 10500.00 18000.00
Balance of Share Profit 5100.00
Tapiwa 2550.00
Hazel 2550.00
5100.00
16800.00
23550.00 Current A/C
Details Tapiwa Hazel Details
Drawing 600.00 900.00 bal b/d
bal c/d 5250.00 6300.00 Interest on Capital
Share of Profits
N.B.V
8250.00 5850.00 7200.00
5250.00 bal b/d
13500.00

7050.00
20550.00

9000.00

11550.00
20550.00

ENDED 31JULY 2016

$

7000.00

50000.00
piwa and hazel for the year ended 31DEC

Tapiwa Hazel
3000.00 4500.00
300.00 150.00
2550.00 2550.00

5850.00 7200.00
5250.00 6300.00