Escolar Documentos
Profissional Documentos
Cultura Documentos
turnover
cost of goods sold
turnover
cost of sales
2/3 of np [cash received/value of work certified]
2/3 of value of work certified [cash received/value of work certified]
2/3 of cost of work certified [cash received/value of work certified]
1225
15
144
20
453
662
500
CONTRACT COST
A B
MATERIALS 700 150 RETURNS TO STORES
PLANT 1000 150 MATERIALS ON SITE C/D
MATERIAL TRANSFER 40 PLANT C/D
PLANT HIRE 200 30 MATERIALS TRANSFER
LABOUR COSTS 300 270
CENTRAL OVERHEAD 75 18 COST OF WORK NOT CERTIFIED C/D
DIRECT EXPENSE 25 4 COST OF WORK CERTIFIED
2300 662
160 20
1065 453 PROFIT=
2300 662 (value of work certified/contract price)*ETP 480
BAL SHHET
FIXED ASSETS A B
1500 500 PLANT 1000 150
205 DEP 120 6
NBV 880 144
1360 583
640 -33
material issued 200
supervisory staf 88
machine 100
machine B 200
scafolding 400
wages paid 280
head office 65
wages accrued (c/d) 15
1348
wages 15000
137
SALES $ 71,436.00
SALES RETURNS $ 1,260.00
NET SALES $ 70,176.00
COST OF SALES
OPENING STOCK $ 8,760.00
PURCHASES $ 62,172.00
LESS PURCH. RETURNS $ 1,746.00
$ 60,426.00
ADD CARIAGE $ 1,500.00
$ 61,926.00
$ 70,686.00
LESS CLOSING STOCK $ 10,200.00
COST OF SALES $ 60,486.00
GROSS PROFIT $ 9,690.00
ADD APPRENTICE PREMIUM $ 750.00
LESS PORTION C/F $ 120.00 $ 630.00
$ 10,320.00
DISCOUNT RECEIVED $ 360.00
DISC. ON CREDITORS $ 120.00
$ 10,800.00
LESS EXPENSES
BAD DEBTS $ 1,032.00
ADD PROV FOR BD. $ 360.00
$ 1,392.00
RENT BAL B/D $ 720.00
ADD ACCRUED $ 160.00 $ 880.00
TAXES AND RATES $ 1,200.00
LESS ADVANCE PMTS. $ 320.00 $ 880.00
INTEREST ON CAPITAL $ 1,350.00
SALARIES $ 2,640.00
DEPRECIATION (FURNITURE) $ 570.00
$ 7,712.00
$ 3,088.00
BALANCE SHEET 31/DEC/ 2018
NON-CURRENT ASSETS NBV
FURNITURE $ 5,700.00
LESS DEP $ 570.00
NBV $ 5,130.00
CURRENT ASSETS
STOCK $ 10,200.00
DEBTORS $ 19,200.00
LESS PROV $ 960.00
NET DEBTORS $ 18,240.00
BILLS RECEIVABLES $ 1,440.00
CASH $ 288.00
PREPAID TAXES $ 320.00
$ 30,488.00
CURRENT LIABILITIES
CREDITORS $ 6,000.00
LESS DISCOUNT ON CREDITORS $ 120.00 $ 5,880.00
BILLS PAYABLES $ 1,080.00
OVERDRAFT $ 1,200.00
APPRENTICE PREMIUM $ 120.00
RENT OUTSTANDING $ 160.00
$ 8,440.00
$ 22,048.00
TOTAL ASSETS $ 27,178.00
LONG TERMS LIABILITIES
CAPITAL $ 27,000.00
INTEREST ON CAPITAL $ 1,350.00
$ 28,350.00
PROIFTS $ 3,088.00
$ 31,438.00
LESS DRAWINGS $ 4,260.00
$ 27,178.00
BD 1032
OLD PROV. 600
NEW PROV. 960
UNDER PROVISION 360
1392
ASSETS
STOCKS BANK FURNITURE
I 250,000.00
II (250.00)
III (10,500.00) 10,500.00
IV (50,000.00)
V (25,000.00)
VI 75,000.00
VII 500.00
VIII
IX (3,000.00)
X
172,000.00 64,750.00 10,500.00
ASSETS
STOCKS BANK FURNITURE
I 250,000.00
II 250,000.00 (250.00)
III 250,000.00 (10,750.00) 10,500.00
IV 200,000.00 (10,750.00) 10,500.00
V 175,000.00 (10,750.00) 10,500.00
VI 175,000.00 64,250.00 10,500.00
VII 175,000.00 64,750.00 10,500.00
VIII 175,000.00 64,750.00 10,500.00
IX 172,000.00 64,750.00 10,500.00
X 172,000.00 64,750.00 10,500.00
I II III IV
ASSET
STOCK 250,000.00 250,000.00 250,000.00 200,000.00
BANK (250.00) (10,750.00) (10,750.00)
OFFICE FURNITURE - 10,500.00 10,500.00
RECEIVABLES 90,000.00
CASH
PREP
250,000.00 249,750.00 249,750.00 289,750.00
EQUITY
RENT EXP. (250.00) (250.00) (250.00)
PROFIT 40,000.00
CAPITAL)
INTERST INCOME
DRAWINGS
LIABILITIES
TRADE PAYABLES 250,000.00 250,000.00 250,000.00 250,000.00
250,000.00 249,750.00 249,750.00 289,750.00
ASSETS LIABILITIES
T.RECEIVABLES CASH PREP ELEC TRADE PAYABLES RENT
250,000.00
(250.00)
90,000.00
50,000.00
(1,000.00) 1,000.00
(150,000.00) (150,000.00)
90,000.00 (101,000.00) 1,000.00 237,250.00 100,000.00 (250.00)
ASSETS LIABILITIES
T.RECEIVABLES CASH PREP ELEC TOTAL TRADE PAYABLES RENT
250,000.00
250,000.00 (250.00)
250,000.00 (250.00)
90,000.00 250,000.00 (250.00)
90,000.00 50,000.00 250,000.00 (250.00)
90,000.00 50,000.00 250,000.00 (250.00)
90,000.00 50,000.00 250,000.00 (250.00)
90,000.00 49,000.00 1,000.00 250,000.00 (250.00)
90,000.00 49,000.00 1,000.00 250,000.00 (250.00)
90,000.00 (101,000.00) 1,000.00 237,250.00 100,000.00 (250.00)
V VI VII VIII IX X
40,000.00
25,000.00
75,000.00
500.00
(3,000.00)
EQUITY TOTAL
PROFIT CAPITAL INT INCOME DRAWINGS
40,000.00
65,000.00
65,000.00 75,000.00
65,000.00 75,000.00 500.00
65,000.00 75,000.00 500.00
65,000.00 75,000.00 500.00 (3,000.00)
65,000.00 75,000.00 500.00 (3,000.00) 237,250.00