Profit and Loss Accounts Sole Trader

Options
keithy1978
keithy1978 Registered Posts: 36 Regular contributor ⭐
in AAT Level 3 (Level 6 in Scotland)
Hi Guys,
Just wondered if anyone has any idea where there is a printable template of the profit and loss account and balance sheets for use with the exercises in the osborne workbook chapter 5.
The one that is in the book is to complicated with to much information on it and hardly anything is needed when completing the workbook exercises.

Thanks
Keith

Comments

  • Bluewednesday
    Bluewednesday Registered Posts: 1,624 Beyond epic contributor 🧙‍♂️
    Options
    To be honest you are better drafting your own each time, the more times you do it it becomes second nature as to where things go.
  • dobbieobby
    dobbieobby Registered Posts: 231 Dedicated contributor 🦉
    Options
    Seconded :001_smile:
  • Diannew
    Diannew Registered Posts: 2,814 Beyond epic contributor 🧙‍♂️
    Options
    keithy1978 wrote: »
    Hi Guys,
    Just wondered if anyone has any idea where there is a printable template of the profit and loss account and balance sheets for use with the exercises in the osborne workbook chapter 5.
    The one that is in the book is to complicated with to much information on it and hardly anything is needed when completing the workbook exercises.

    Thanks
    Keith

    Try the Osbourne site on the web...they have templates that you can down load.....not sure if P/L and B/S there....but it is worth a try...
  • welshwizard
    welshwizard Registered Posts: 465 Dedicated contributor 🦉
    Options
    There is a danger that you become too reliant on templates and, when asked to draw up a P&L or B/S from scratch, you cannot remember certain elements or their place in the whole picture. As Blue Wednesday said, draw up your own each time. The amount of time a template saves is minimal and the mroe you do it the better understanding you will have of the whole picture.

    It's easy to draw them up when you get to used to it.
  • any2002uk
    any2002uk Registered Posts: 88 Regular contributor ⭐
    Options
    that is right, i need to remember the layout the best thing rather than use template which mean in exam you will not provide template but blank then what will you do!?

Categories

Privacy Policy