Accounts

Stephanie

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.

burg

For a quick check all looks ok.

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

Stephanie

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.

burg

Stephanie,

I've replied to your PM.

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