final accounts basic layout

final accounts basic layout

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MJS Windows Cleaning
Projected Trading, Profit and Loss Account For Year Ending March 31st 2011
£ £
1
Sales 4,280.00
Less Cost Of Sales
2
Opening Stock
3
Add Purchases 281.36
4
Less Closing Stock 185.53
Gross Profit 4184.17
5
Less Expenses
Phone contract
for a year 360.00
Wages 960.00
Van Fuel 1,040
Van Insurance 817.33 3177.33
6
Net Profit 1102.67
1
This sale figure is based on an average price of £20 per house (varies between £15 and £25) times against the
estimated number of sales per month. (see start-up budgets for more detail)
2
I shall have no opening stock at the beginning, as I will be just starting up.
3
These are the purchases I will require throughout the year
4
Closing stock
5
Expenses are all the costs occurred that are essential for the sale of service. (these costs and items can be
seen above.
6
Net Profit is calculated by the Gross Profit - expenses

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