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  • Opening Stock 1000 Purchases 500 1500 Closing Stock 300 Cost of Good Sold 1200

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    AINASUHA AJEERAH ABD RAHIM
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    The document contains financial statements and reports for ABC Trading for the years 2009-2010 and quarters 1 and 2 of 2010. It includes a trial balance, income statement, owner's equity statement, and sales reports by month/product. The key figures are a current ratio of 2.5x-3.0x and quick ratio of 2.1x-2.9x in 2009-2010, net profit of $23,500 for 2010, and quarterly sales reports showing unit and dollar sales for different periods.

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    The document contains financial statements and reports for ABC Trading for the years 2009-2010 and quarters 1 and 2 of 2010. It includes a trial balance, income statement, owner's equity statement, and sales reports by month/product. The key figures are a current ratio of 2.5x-3.0x and quick ratio of 2.1x-2.9x in 2009-2010, net profit of $23,500 for 2010, and quarterly sales reports showing unit and dollar sales for different periods.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views10 pages

    Opening Stock 1000 Purchases 500 1500 Closing Stock 300 Cost of Good Sold 1200

    Uploaded by

    AINASUHA AJEERAH ABD RAHIM
    The document contains financial statements and reports for ABC Trading for the years 2009-2010 and quarters 1 and 2 of 2010. It includes a trial balance, income statement, owner's equity statement, and sales reports by month/product. The key figures are a current ratio of 2.5x-3.0x and quick ratio of 2.1x-2.9x in 2009-2010, net profit of $23,500 for 2010, and quarterly sales reports showing unit and dollar sales for different periods.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 10

    Opening Stock 1000

    Purchases 500
    1500
    Less:
    Closing Stock 300
    Cost of good sold 1200
    2009 2010
    Current ratio 2.5x 3.0x
    Quick ratio 2.1x 2.9x
    ABC Trading
    Trial Balance as at 31st December,2010

    Debit Credit
    Advertising Expenses 5000
    Carriage Outwards 5500
    Wages & Salaries 15000
    Commission Expenses 750
    Accrued Rent 4500
    Cash 23000
    Creditors 25000

    ABC Trading
    Income Statement as at 31st December, 2010

    Sales
    Less:
    Cost of Good Sold
    Gross Profit
    Less:
    Advertising Expenses
    Carriage Outwards
    Wages & Salaries
    Commission Expenses
    ABC Trading
    nt as at 31st December, 2010

    20000

    13000
    7000

    5000
    5500
    15000
    750
    ABC Trading
    Income Statement as at 31st December, 2010

    Gross Profit 56,000


    Less:

    Selling and Distribution


    Advertising 2,500
    Sales Commission 3,000
    Carriage outwards 1,000 6,500

    Administrative and General


    Wages & Salaries 15,000
    Rent 5,000
    Insurance 6,000 26,000

    Net Profit 23,500


    Owner's Equity
    Capital, beginning 450,000
    Add:
    Net profit 23,500
    Selling price 3.00

    Sales Report For Quarter 1, 2010


    January February March
    Unit 300 350 400
    Sales 900 1050 1200
    Selling Report for Quarter 2, 2010
    April May June
    Unit 150 200 250
    Sales 450 600 750
    Sales Report For Quarter 1, 2010
    January February March
    Product 1 1000 1500 2500
    Product 2 800 900 1000
    Product 3 1500 2000 950

    Sale
    3000

    2500

    2000

    1500

    1000

    500

    0
    January
    Sales Report For Quareter 1, 2010
    3000

    2500

    2000

    1500

    1000

    500

    0
    January February March

    Product 1 Product 2 Product 3

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