Tranding Profit & Loss Account

Sales 48,000
(-) Return Indwards 300
47,700
Less : Cost of good sold
Opening Stocks 2,300
Purchases 25,000
(-) Return Outwards 500 24,500
Carriage Inwards 500
Store Wages 800
28,100
(-) Custom Duties 200
(-) Closing Stocks 4,000 23,900
23,800
(a) Prepare the cafe trading account for the year ended 30 September 2009

Tranding Profit & Loss Account

Sales 94,320

Less : Cost of good sold

Opening Stocks 9,500
Purchases 44,700
54,200
(-) Closing Stocks 10,500
43,700
50,620
Less: Cafe Wages 23,500
Profit on sales 27,120

(b) Prepare the club income and expenditure account for the year ended 30 September 2009

Income & Expenditure Account

Income
Subsciptions
Ordinary 30,800
Life 10,000
Profit on sales 27,120
Dinner Dance 6,000
Interest 4,500
78,420
Less : Expenditure
Green keeper's wages 25,000
Insurance 3,330
Depreciation furniture 2,950
Secretary's honorarium 2,000
General Expenses 8,950
Clubhouse Repairs 3,540
Band for dinner dance 500
Other dance expenses 4,730
Rates 4,550
55,550
NET INCOME 22,870
 Balance Sheet as for the year ended 30 June 1983
Fixed Asset Cost (RM ) Dep (RM ) (RM)
Club house 120,000 - #VALUE!
Furniture & Fittings 28,350 2,950 25,400
148,350 2,950 #VALUE!

Current Asets
Closing Stocks 10,500
Cash 530
Bank current account 10,980
Bank deposit account 105,690
Subsciptions due & unpaid 2,600
Insurance Prepaid 550
Intereset 4,500
135,350
Less Current Liabilities
Creditors for cafe refreshments 7900
Rates accrued 950
Subsciptions prepaid 2,400
11,250
Working Capital 124,100
#VALUE!
Financed by :
Accumulated Fund
Balance b/d 246,630
Net income 22,870
269,500