Any Idea???

cool cool
cool cool Registered Posts: 3 New contributor ?
Can anyone help me to find out if i m fail or pass,
I added consumables with debtors in BS.n was fixed asset £2300 or 1300?:001_smile: though BS n P&L was ok.

Comments

  • numberjunky
    numberjunky Registered Posts: 88 ? ? ?
    I have always thought that Consumables were expenses so should have been in P&L.

    Your Asset figure if I remember should have been 2100 (2500? -1700 + 1300)

    I really can't remember what original asset value was but it certainly should have been followed by subtracting the disposal (1700) and adding the aquisition (1300). I'm sure I got it right but can't remember the precise figures

    Hope this helps
  • George Tse
    George Tse Registered Posts: 241 ? ? ?
    consumables are expenses thats where i put it in section 2 rite ?

    Profit was 18,250
    Networth/net assests 9,100
  • Primble
    Primble Registered Posts: 734
    consumables are things that get brought that isn't worth costing to a job. Something like mastic for a builder as it may be used for many jobs in small amounts. It is an expense. My net profit was 18010 so 240 out. Something to do with the interest
Privacy Policy