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Accounts

StephanieStephanie Settling In NicelyRegistered Posts: 20
Hi There please can someone help? I have been working on one of my customer. Getting the accounts ready for a CT600 please see bellow the accounts:
Profit and Loss:
Sales: 155160
Cost of sales:104216
Gross Profit:50.944
Administration cost:38.426
Distribution cost: 2273
Finance cost: 297
Profit: 9947

Balance sheet:

Fixed assets cost: 1445
Accumulated depreciation:560
Net value: 885
Bank and cash account: 52107

Total assets:52.992

Total Liabilities:42704

Net Assets:10288

Equity
Currents earnings: 10288

Please I don't understand where the discrepancies are coming from. Normally the amount from my P&L should match My currents earnings.

Your input will be much appreciated.
Thank you.

Comments

  • burgburg Experienced Mentor GloucesterModerator, FMAAT, AAT Licensed Accountant Posts: 1,440
    For a quick check all looks ok.

    Your equity may not match because there are also brought forward reserves?
    Regards,

    Burg
  • StephanieStephanie Settling In Nicely Registered Posts: 20
    Thank you for your reply Ian. Please how I am going to present it in the CT600?
    When I try to put all the figures into the ct600 it does not balance.
    Please really looking forward for your help.
    Thank you.
  • burgburg Experienced Mentor GloucesterModerator, FMAAT, AAT Licensed Accountant Posts: 1,440
    Stephanie,

    I've replied to your PM.

    Send me a full Comparative TB and I'll take a quick look.
    Regards,

    Burg
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