Tading accounts

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
OK people maybe I'm being a bit dim, but can anyone remember how we do the trading accounts?

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Tading accounts

    It's the top section of the P & L.<BR><BR>Sales xxxxxxxx<BR><BR> opening stock xxxxxx<BR> purchases xxxxxx<BR>less closing stock (xxxx)<BR><BR>Cost of sales xxxxxxx (anser from above)<BR><BR>Gross Profit xxxxxxx (sales less cost of sales<BR><BR>then take off over expenses to leave you with your net profit.

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