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  • 15-05-2015 5:19pm
    #1
    hannah dog
    Registered Users Posts: 3 ✭


    HELP!!!!
    I need solutions for 2007 Business income and expenditure account can anyone help
    thatnk you if you can it would be a major help.


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    #2
    gazump123
    Registered Users Posts: 353 ✭✭gazump123


    INCOME
    Subs 88,100
    Competition 28,200
    Sponsorship 17,650
    Total Income 133,950
    EXPENDITURE
    Stationery on Hand 2,220
    Wages 30,200
    Dep. Clubhouse 5,040
    Dep. Equipment 17,250
    Repairs 1,850
    Insurance 1,440
    General Exp. 25,000
    Total Expenditure (83,000)
    SURPLUS OF INCOME OVER EXPENDITURE 50,950

    Fairly sure that's correct anyways.


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    #3
    hannah dog
    Registered Users Posts: 3 ✭hannah dog


    yes thanks i got that one THANK YOU!!!
    BUt i need the profit and loss and the balance sheet can you please send me this:]
    PLease thank you


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    #4
    gazump123
    Registered Users Posts: 353 ✭✭gazump123


    FIXED ASSETS
    Clubhouse 252,000 (5,040) 246,960
    Equipment 115,000 (17,250) 97,750
    TOTAL FIXED ASSETS 367,000 (22,290) 347,710
    CURRENT ASSETS
    Stationery on Hand 240
    Cash at Bank 15,620
    TOTAL CURRENT ASSETS 15,860
    CURRENT LIABILITIES
    Subs Prepaid 1,450
    Wages Due 2,400
    TOTAL CURRENT LIABILITIES (3,850)
    Working Capital 12,010
    TOTAL NET ASSETS 356,720
    FINANCED BY:
    Accumulated Fund 305,770
    Surplus of Income and Expenditure 50,950
    CAPITAL EMPLOYED 356,720


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