Introductory accounting and finance
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Title: Introductory accounting and finance

Essay Details:

Subject: Business
Author: William E
Date: January 14, 2017
Level: University
Grade: A
Length: 6 / 1555

Essay text:

Stanley relating to trading during January 1st 2002 to December 31st 2002 ? ? ? Sales 125000 Less Cost of Sales Opening Stock 10430 Add Purchases 67634 78064 Less returns outward 48 78016 Add Carriage Inward 2120 80136 Less Closing Stock 11250 68886 GROSS PROFIT 56114 Less Expenses Salaries 28400 Postage & Stationary 98 Rent & Rates (2900-860) 2040 Packaging 3217 Bad debt 126 Provision for Bad Debt 60 Insurance 1220 Electricity (953+263) 1216 Depreciation (3000 + 1680) 4680 41057 Carriage Outward 2850 43907 NET PROFIT 12207 This is a balance sheet for Mr. Stanley as at 31st December 2002...

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