Accounting statement layouts

ANY Expense account

PP last yr - Bal b/d /. bal b/d - acc last yr

paid amt. - Bank /. Tfr to I.S. - adjusted amt

this yr acc. - bal c/d /. bal c/d - current yr PP

ANY Income account

acc last yr - Bal b/d /. Bal b/d - last yr PP

adjusted amt. - Tfr to I.S. /. Bank - amt paid for E

this yr PP - Bal c/d /. Bal c/d - current yr acc

Inventory account

OP inv. b/d last yr - Bal b/d / Tfr to I.S. - OP inv Tfr to I.S.

CL inv. Tfr to I.S. - Tfr to I.S. / Bal c/d - CL Inv

next yr OP inv. - Bal b/d

NCA at cost

Cost of NCA - Bal b/d / Disposal

NCA purc. - Purchases

Add incre. of reval - Revalued /. Bal c/d

B/d new cost of asset - Bal b/d

Provision for Depreciation

Disposal /. Bal b/d

Revaluation /. Tfr to I.S.

Bal c/d

Disposal

Cost /. Depreciation

Revaluation /. Tfr to I.S.

Bal c/d

Provision for doubtful debts

minus decrease in prov. - Tfr to I.S. /. Bal b/d - last yr prov. b/d

Bal c/d /. Tfr to I.S. - Add incr. in prov.

Bank reconciliation

Balance as per cashbook

Add: unpresented cheques

Less: Outstanding lodgements

Balance as per Bank Statement

General Journal

Details

Name account to Dr

Name account to Cr

Sales/ Receivables ledger control account

Bal b/d /. Bank

Only Cr - sales /. Disc allowed - for early repayment

Returned cheques /. sale returns - TR returns

D.A. related to unpaid chq. - Disc. all /. irr. debt

If a TR is paying late - Interest charged / Contra - offset amts. if TR and TP

Purchases/ payable ledger control account

Bank /. Bal b/d

Disc for early repayment - Disc. received /. Purchases

purchase returns /. Ret. chqs

Contra /. Disc. received returned - Unpaid

/. interest charged

Income statement (sole trader)

revenue

sale returns

net revenue

opening inventory

purchases

carriage in

(purchase returns)

(closing inventory)

cost of sales

gross profit

add income:

decrease in doubtful debts

(expenses):

PFTY:

Statement of financial position

NCA

Current Assets

Total Assets

Capital

NCL

CL

Total Capital and Liabilities

Income statement (Service Businesses)

revenue

sale returns

discounts received

less: expenses

PFTY

Partnership income statement

Same as sole trader

Partnership Appropriation Account

profit for the year (before partners interest)

Less: interest on partners loan

profit for the year

Add: interest on partners drawings

Less: partners salaries

Less: Interest on capital

Share of profit in ratio x:x

partner A

partner B

Partnership statement of financial statement

NCA

CA

Total Assets

Capital Accounts

Current Accounts

NCL

CL

Total capital and liabilities

Partners current account

Dr bal if Owe - Bal b/d /. bal b/d -

Drawings /. share of profit

Int. on drawings /. salary

/. Int. on capital

/. Bal c/d - if the partner Owes

Partners capital account

Goodwill written off /. bal b/d

if assets decrease - revaluation /. Bank - if introducing capital

leaves and paid capital - Bank /. Goodwill created

loan /. revaluation - if assets increase

bal c/d

Goodwill account

capital accounts: /. capital accounts:

old partners /. new partners

Income statement (Limited companies)

revenue

cost of sales

gross profit

other income

operating expenses

admin

directors remuneration

profit from operations

less: finance costs

profit before tax

Less: tax

PFTY after tax

Statement of changes in equity

issued shares, share premium, revaluation reserve, retained earnings

balance at start of the year

rights share issue

revaluation of NCA

bonus issue

profit after tax

dividends

balance at the end of year

Statement of financial position (Limited compaines)

NCA

CA

Total assets

Equity

NCL

CL

Total equity and liabilities

Statement of changes in cashflow (Limited companies)

Operating activities

Investing Activities

Financing Activities

Cash and cash equivalents at end of year

Schedule of NCAs (Limited companies)

Cost

Depreciation

Net book value at start of the year

Net book value at the end of the Year

Tax

Dr bank, Cr, last year

This year Income statement