ABSTRACT
The circled figures refer to the debits/credits for the transaction numbers mentioned in the game.
Share capital (A)
60 000
Cash (A) 26 000 -
Stock (A) 16 500 -
Premises (A) 20 000 -
Sales (B) 26 000
Cost of sales (B) 13 500 -
Operating expenses (B) 7000 -
Trade debtors (A) 18 000 -
Trade creditors (A) - -
Bank loan (A)
£101000
15 000
£101000
£
Sales 26 000 Cost of sales (13 500)
Gross profit 12 500 Operating expenses (7000)
Operating profit 5500
£ £
Fixed assets - premises 20 000 Current assets
- Stock 16 500 - Trade debtors 18 000 -C a s h 26 000
60 500
£80 500
Share capital 60 000 Retained profit 5500 65 500 Bank loan 15 000
£80 500
Cost of sales 60 800 Sales 106 000
Operating expenses 18 100
Depreciation 2500
Interest charges 1500
Tax charge
c/d
Dividend
c/d
87 400
1 18 600
£106 000
1 17 600
£18 600
b/<
£106 000
i 18 600
£18 600
(A) = Balance sheet item. (B) = Profit and loss account item.
