Dj Femzy biz ent

Statement of profit or loss a/c for the year ended 31 dec 2022
₦ ₦ ₦
Sales or Revenue xxx
less sales return or returns inward xx
Net sales xxx

Cost of sales:
Opening Inventory xxx
add Purchases xx
less Purchases Return or returns outward xx
xxx
Add Carriage inward xx
Goods avaliable for sale xxx
Closing Inventory xx
Add wages xx
Cost of sales or cost of goods sold xx
Gross profit xxxx

Add Other Income:

Discount received xx
Rent Received xx
Dividend received xx
xxxx

Less Expenses:
Transport xx
carriage outward xx
Depreciation xx
wages and salaries xx
salaries xx
Discount allowed xx
Rent xx xxx
Net profit xxx
 Dj Femzy Statement of financial Position as at 31 Dec 2022
Cost Dep NBV
Non Current Asset ₦ ₦ ₦
Furniture xxx x xx
Motor vehicle xxx xxx
Building xxx x xx
xxxx xx xxxx
Current Asset
Closing Inventory xx
Cash/Bank xx
Prepayment xx
Account Receviable xx xxx
Total Assets xxxx

Equity & Liability:

Non Current Liability:
Bank loan xx
Deffered Taxes xx xx

Current Liability:
Overdraft xx
Owings xx
Account Payable xx xxx
Total liabilities xxx

Equity
Capital xx
Add Net Profit x
Less Drawings x xxx
Total Equity & Liability xxxx
 Statement of financial Po
Statement of profit or loss a/c for the year ended 31 dec 2022
₦ ₦ ₦ Non Current Asset
Sales or Revenue
less sales return or returns inward
Net sales

Cost of sales: Current Asset

Opening Inventory Closing Inventory
add Purchases
less Purchases Return or returns outward

Add Carriage inward Total Assets

Closing Inventory Equity & Liability:

Non Current Liability:
Cost of sales or cost of goods sold
Gross profit

Add Other Income:

Current Liability:

Less Expenses:
Equity
Capital
Add Net Profit
Less Drawings

Net profit
 Statement of financial Position
Cost Dep NBV

ent Liability:
Bank Reconciliation statement
Balance as per adjusted cash book xx
Add Unpresented cheque xx
xxx
Less Uncredited cheque xx
xxx
Add or Less Bank error xx (xx)
Balance as per bank staement xxx

Bank Reconciliation statement

Balance as per bank statement xx
Add Uncredited Cheque xx
xxx
Less Unpresented cheque xx
xxx
Add or Less Bank error xx (xx)
Balance as per adjusted cash book xxx
DR Capital CR DR Bank
₦ ₦
31-Mar Bal c/d 8000 1-Mar Bank 8000 1-Mar Capital
1-Apr Bal b/d 8000 24-Mar B Tyler

1-Apr Bal b/d

DR cash CR DR Purchases
₦ ₦
5-Mar Sales 510 6-Mar Wages 110 2-Mar L frank
30-Mar Prince 1000 9-Mar Purchases 120 2-Mar G Byers
12-Mar wages 110 2-Mar P Lee
31-Mar BAL CD 1170 9-Mar Cash
1510 1510 10-Mar G Byers
1-Apr Bal b/d 1170 10-Mar P Lee

1-Apr Bal b/d

DR sales CR DR Wages
₦ ₦
5-Mar Cash 510 6-Mar Cash
7-Mar J Snow 295 12-Mar cash
7-Mar K park 360
7-Mar B Tyler 640 1-Apr Bal b/d
13-Mar K park 610
31-Mar Bal cd 2620 13-Mar B Tyler 205
2620 2620
1-Apr Bal b/d 2620

DR Stop ltd CR DR Shop fixture

₦ ₦
21-Mar Bank 740 15-Mar Fixture 740 15-Mar Stop ltd

1-Apr Bal bd

DR Returns Outward CR DR B Tyler

₦ ₦
7-Mar sales
 27-Mar L frank 18 13-Mar sales
31-Mar Bal c/d 101 18-Mar P lee 83
101 101
1-Apr Bal bd 101

DR CR DR Van
₦ ₦
31-Mar Bank

1-Apr bal b/d

DR Rent CR DR
₦ ₦
2015 cash/bank 5000 P/L 15000
2015 Accrued re 10000
15000 15000
2016 owing 10000

DR Electricity CR DR
₦ ₦
2015 cash/bank 25000 2015 P/L 20000 2015
Prepaid ex 5000
25000 25000

DR Insurance CR DR
₦ ₦
2014 cash 50000 2014 P/L 40000
 prepaid ex 10000
50000 50000
2015 Prepaymen 10000

DR Rent CR DR
₦ ₦
1-Jan cash 434 1-Jan owing 56
Dec-23 P/L 378
434 434 31-Dec

DR Com Rec CR DR
₦ ₦
2014 bank 200
P/L 240 2014 owing 40
240 240
2015 owing 40

DR Insurance CR
₦ ₦ DR
1-Jan-14 prepaid 32 P/L 897
cash 865
897 897

DR Heating CR DR
₦ ₦
2010 cash/bank 453 Jan-10 Owing 32 2010
2010 Owing 56 Dec-10 P/L 477
 509 509
Jan-11 owing 56

DR Insurance CR DR
₦ ₦
Jan-10 cash/bank 955 Jan-10 Owing 187 2010
Dec-10 prepaid 42 Jan-10
P/L 726
955 955
Jan-11 prepaymen 42 Jan-11
 Bank CR DR L Frank
₦ ₦ ₦
8000 17-Mar G Byers 700 27-Mar returns ou 18 2-Mar Purchases
845 21-Mar Stop ltd 740 31-Mar Bal c/d 532
31-Mar van 6250 550
31-Mar Bal c/d 1155 1-Apr bal b/d
8845 8845
1155

Purchases CR DR G Byers
₦ ₦ ₦
550 17-Mar Bank 700 2-Mar Purchases
290 10-Mar Purchases
610
120 700
410
1240 31-Mar Bal c/d 3220
3220 3220
3220
Wages CR DR P Lee
₦ ₦ ₦
110 18-Mar Returns ou 83 2-Mar Purchases
110 31-Mar Bal c/d 220 31-Mar Bal c/d 1767 10-Mar Purchases
220 220 1850
220 1-Apr Bal b/d

Shop fixture CR DR J Snow

₦ ₦ ₦
740 31-Mar Bal c/d 740 7-Mar Sales 295 31-Mar Bal c/d
740 740 1-Apr Bal b/d 295
740

B Tyler CR DR K park
₦ ₦ ₦
640 24-Mar bank 845 7-Mar sales 360
 205 13-Mar sales 610 31-Mar Bal c/d
970
845 845 1-Apr bal b/d 970

Van CR DR G Prince
₦ ₦ ₦
6250 31-Mar Bal c/d 6250 31-Mar Bal c/d 1000 30-Mar Cash

6250 1-Apr Bal b/d

Accrued rent exp CR

₦ ₦
2015 Rent 10000

Prepaid exp CR
₦ ₦
Eletricirty 5000

CR
₦ ₦
 Rent (2016) CR
₦ ₦

owing 56

CR
₦ ₦

CR
₦ ₦

31-Dec-13 prepaid 32

prepaid

Wages CR
₦ ₦
prepaid 211
cash/bank 6980
owing 544 Dec-10 P/L 7735
 7735 7735
2011 owing 544

Telephone CR
₦ ₦
cash 378 P/L 334
prepaid 17 31-Dec prepaid 61
395 395

prepaid 61
 Trial Balance DR CR
CR Cash 1170
₦ Bank 1155
550 Purchases 3220
Wages 220
550 Fixture 740
532 van 6250
k Park 970
J snow 295
Capital 8000
L frank 532
CR P lee 1767
₦ G prince 1000
290 Returns outward 101
410 sales 2620

700 14020 14020

CR
₦
610
1240
1850
1767

CR
₦
295

CR
₦
sales 740
 970
970 700

CR
₦
1000

1000
DR Suspense CR
₦ ₦
 31-Mar-17 sales 40 31-Dec-16 Bal 40

date particulars dr cr
31-Mar suspence 40
sales 40
Being sales undercast 40 40

DR Sales CR
₦ ₦
3-Dec-17 Sispense 40
DR Pro for DB CR DR P/L
₦ ₦
2014 bal b/d 2000 2014 incre in pr
Bal c/d 2800 P/L 800
2800 2800
2015 Bal b/d 2800

DR pro 4 BD CR DR P/L
₦ ₦
P/L 6174 pro for BD

DR Pro 4 BD CR DR
₦ ₦
2001 Bal b/d 1550
P/L 250
2001 Bal c/d 1300
1550 1550
2002 Bal b/d 1300
 P/L CR
₦ ₦
800

P/L CR
₦ ₦ 7% * 88200 6174
6174

CR
₦ ₦
DR Bad Debt CR DR Pro 4 DD
₦ ₦ ₦
2007 Acc Rec 1200 2007 P/L 3200 2007 Bal c/d 2000
2007 Pro for BD 2000
3200 3200 2008 Acc rec 1600
31-Dec Bal c/d 2800
2008 Pro 4 Bad 2400 2008 P/L 2400 4400
2009 Acc Rec 2350
2009 Prov 4 BD 1650 2009 P/L 1650 2009 Bal c/d 2100
4450

DR Bad Recovery CR DR P/L

₦ ₦ ₦
2008 P/L 350 2008 Cash/Bank 350 2007 Bad debt 3200

2009 P/L 150 2009 Cash/Bank 150 2008 Bad debt 2400

2009 Bad debt 1650

Pro 4 DD CR DR Acc Rec CR
₦ ₦ ₦
2007 Bad debt 2000 2007 Bad debt 1200

2008 Bal b/d 2000 2008 Pro 4 BD 1600

Bad debt 2400
4400 2009 pro 4 BD 2350
2009 Bal b/d 2800
2009 Bad debt 1650
4450
2010 Bal b/d 2100

P/L CR DR Cash/Bank CR
₦ ₦ ₦
2008 Bad debt r 350

2008 Bad debt r 350 2009 Bad debt r 150

2009 Bad debt r 150

DR Adjusted Cash Book CR
₦ ₦
31-Dec-14 Bal B/D 267 Bank 40
NISS credit 24
Bal c/d 251
291 291
Bal b/d 251

Bank Reconciatiation statement

Balance as per adjusted cash book 251

Unpresented chq 25

Uncredited chq -72

Balance as per bank statement 204

DR Adjusted Cash book CR

₦ ₦ Balance as per adjusted cas
31-Dec Bal b/d 29520 Under cast error 2000
Dividend 1240 Standing order 1260 Unpresented chq
Bill of exchange 1340
Bal c/d 26160 Uncredited chq
30760 30760 Error
Bal c/d 26160
Balance as per bank statem

Bank Reconciatiation statem

Balance as per bank statem

Uncredited chq

Unpresented chq

Bank Error
Balance as per adjusted cas
DR Adjusted Cash Book CR
₦ ₦
31-Dec-23 Bal B/D 1500 Bank charge 30 2950
Dividend 240 Direct debit 70
Tax Refund 260 Standing order 200
Deposit 1400
Bal c/d 3100
3400 3400
Bal b/d 3100

Bank Reconciatiation statement

Balance as per adjusted cash book 3100

Unpresented chq T Carrick 250

M Cisse 290 540
Uncredited chq 690 -690
Balance as per bank statement 2950

DR Adjusted Cash Book CR

₦ ₦
trade credit 57 Bal bld 5280
standing order 49
Bank charge 28
Bal c/d 5300

5357 5357
Bal b/d 5300

Bank Reconciatiation statement

Balance as per adjusted cash book -5300

Unpresented chq 490

Uncredited chq 160

Balance as per bank statement -4970
 Bank Reconciatiation statement
Balance as per bank statement 204

Uncredited chq 72

Unpresented chq -25

Balance as per adjusted cash book 251

Bank Reconciatiation statement

Balance as per adjusted cash book 26160

Unpresented chq 3740

Uncredited chq -1960

-1440

Balance as per bank statement 26500

Bank Reconciatiation statement

Balance as per bank statement 26500

Uncredited chq 1960

Unpresented chq -3740

24720
Bank Error 1440
Balance as per adjusted cash book 26160
Bank Reconciatiation statement
Balance as per bank statement 2950
Uncredited chq 690

Unpresented chq -540

Balance as per adjusted cash book 3100
DR Heating and lighting CR DR Insurance
₦ ₦
cash 453 jan owing 32 cash
P/l 477
Dec owing 56
509 509
Jan owing 56 Jan-21 Prepaid

DR Wages CR DR Telephone
₦ ₦
Jan Prepaid 211 jan cash
cash 6980 P/l 7735 Jan Prepaid
Dec Owing 544
7735 7735 Jan Prepaid

DR Rent CR DR Electricity
₦ ₦
c ash 395000 Dec Prepaid 45000 cash
P/l 350000 Dec owing
395000 395000
Jan prepaid 45000

DR Insurance CR DR Account Rec

₦ ₦
Jan-21 Prepaid 44000 Dec P/L 545000 cash
cash 501000
Dec owing
545000 545000
 Insurance CR DR
₦ ₦ ₦
955 Jan-20 owing 187
Dec-20 Prepaid 42
P/L 726
955 955
42

Telephone CR DR
₦ ₦ ₦
378 P/L 334
17 Dec Prepaid 61
395 395
61

Electricity CR DR
₦ ₦ ₦
178000 jan owing 32000
22000 P/L 168000

200000 200000
Jan owing 22000

Account Rec CR DR
₦ ₦ ₦
393000 Chq 480000

87000
480000 480000
Jan owing 87000
 CR
₦

CR
₦

CR
₦

CR
₦
Tully Ltd
Income statement for the year ended 31 Dec 2005
₦ ₦
Sales 975,600

Cost of sales:
Opening inventory 81300
Purchases 623800
705100
Closing Inventory -102400
Cost of sales: 602700 -602700
Gross Profit 372,900

Expenses:
Depreciation
Motor vehicle 6940
premises 13250
machinery 21820
Motor exp (4300+280) 4580
wages and salaries 241500
Repairs for machinery 3600
Directors Renumeration 82600
sundry expense 2900
transfer to gen reserse 7500
384690 -384690
Net loss -11,790

Statement of finicial position as at 31 Dec 2005

₦ ₦
Non current asset:
premises 265000 -73250
Machinery 109100 -63220
Motor vehicle 34700 -25140
408800 -161610

Current asset:
Closing inventory 102400
Bank 17900
Acc Rec 169600
289900
Total asset

Equity:
Share capital 375000
Retained profit 31200
Net loss -11790
General reserve 67500
461910

Liability:
Account payable 74900
Owing 280
75180
 workings
Depreciation of motor vehicle 6940
Accum depre 18200
Total accum depre 25140

Depreciation of premise 13250

Accum depre 60000
Total accum depre 73250

Depreciation of machinery 21820

Accum depre 41400
Total accum depre 63220

Tranfer to gen reserve

Dec-04 60000
Dec-05 7500
67500

191750
45880
9560
247190

289900
537090

461910

75180
537090