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Business Decision Making

   

Added on  2022-12-15

6 Pages584 Words369 Views
BUSINESS DECISION
MAKING

TABLE OF CONTENTS
MAIN BODY.............................................................................................................................................3
Statement of profit and loss account for the year ended 31st March, 2019...............................................3
Statement of financial positions as at 31st March, 2019..........................................................................3
Limitations of income statement..............................................................................................................4
Limitations of balance sheet....................................................................................................................4
REFERENCES..........................................................................................................................................6

MAIN BODY
Statement of profit and loss account for the year ended 31st March, 2019
PARTICULARS £ £
Revenue from operations 290500
Opening inventory 18310
Purchases 157443
Closing inventory -25550
Cost of goods sold 150203
Gross Profit 140297
Advertising expenses -5478
Insurance -9306
Rent and rates -18612
Heat and light -11013
Delivery costs -10132
Salaries and wages -41263
Depreciation on fixtures and fittings -12584
Depreciation on motor vehicles -10440
Net Profit 21469
Statement of financial positions as at 31st March, 2019
PARTICULARS £ £
ASSETS
Non-current assets
Fixtures and fittings 153227
Less Accumulated depreciation -79294 73933
Motor Vehicles 182600
Less Accumulated depreciation
-
103940 78660
Current assets
Inventory 25550
Cash in hand 950
Trade receivables 31099

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