Documentos de Académico
Documentos de Profesional
Documentos de Cultura
Stock-in-Trade x x x
Sundry Debtors x x x
Prepaid Expenses x x x
Accrued Income x x x
Bills Receivable x x x
Cash at Bank x x x
Cash in Hand x x x
Total Current Assets x x x
Current Liabilities:
Sundry Creditors x x x
Bills Payable x x x
Bank Overdraft x x x
Outstanding Expenses x x x
Total Current Liabilities x x x
Fixed Assets:
Goodwill x x x
Land and Building x x x
Plant and Machinery x x x
Furniture x x x
Investment x x x
Total Fixed Assets x x x
Owners Capital x x x
Reserves and surplus x x x
+ net profit-Drawings
Expenses: direct
i. Sales: This includes both cash and credit sale made during the year. Net sales is derived by
deducting sales return from the total sales.