SAMPLE - OCR

10. Use information from the trial balance in question 9 to complete the un-shaded boxes in
the following profit and loss account for the manual accounting system ............................ [6]
Profit and Loss Account for the year ended 30 June 2009
£ £
Turnover (credit sales) 90395
Opening stock 4327
Purchases (credit and cash)
Closing stock
Cost of goods sold
Gross profit (loss)
Operating expenses 36926
Profit (loss) before interest and taxation
Net interest receivable (payable)
Profit (loss) on ordinary activities before taxation
Tax on profit on ordinary activities
Profit (loss) on ordinary activities after taxation
Dividends payable
Retained profit
11. Use information from the trial balance in question 9 and the profit and loss account in
question 10 to complete the un-shaded boxes in the following balance sheet for the
manual accounting system. ................................................................................................ [9]
Balance Sheet as at 30 June 2009
£ £
Fixed Assets
Buildings
Equipment 57823
Total Fixed Assts
Current Assets
Stock 5251
Debtors due within one year 3690
Cash at bank and cash in hand 54418
Total Current Assets
Current Liabilities
Creditors falling due within one year
Short term loans
Total Current Liabilities
Net Current Assets (Liabilities)
Total Assets less Current Liabilities
Creditors falling due in more than one year
Net Assets
Capital and Reserves
Share capital
Reserves
Profit and Loss Account
Total Capital Employed
[Total for section C: 17]
OCR Level 3 Principal Learning in Business, Administration and Finance, Unit F283 Finance and accounting in business (sample)