Accounts
Stephanie
Registered Posts: 20 Dedicated contributor 🦉
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.
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.
0
Comments
-
For a quick check all looks ok.
Your equity may not match because there are also brought forward reserves?Regards,
Burg0 -
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.0 -
Stephanie,
I've replied to your PM.
Send me a full Comparative TB and I'll take a quick look.Regards,
Burg0
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