Chapter 18 Departmental accounts

Q1 Mason

Trading and Profit and Loss Account for the year ended 30 April 2004
Furnishings Kitchen Clothing Total
equipment
$000 $000 $000 $000 $000 $000 $000 $000
Sales 912 696 552 2 160
Less Cost of sales
Stock at 1.5.03 350 306 94 750
Purchases 491 406 402 1 299
841 712 496 2 049
Less Stock at 30.4.04 394 447 222 490 65 431 681 1 368
Gross profit 465 206 121 792
Salaries 58 42 60 160
Rent 38 33 23 94
Heating and lighting 30 26 19 75
General expenses 26 20 16 62
Depreciation:
Premises 13 11 8 32
Fixtures & fittings 45 210 30 162 21 147 96 519
Net profit/(loss) 255 44 (26) 273

Q2 Spicer

(a) Revised net profit (i) Kitchen (ii) Radio (iii) Home (iv) Spicer
Equipment & TVs Computers Total
$000 $000 $000 $000
Per Profit and Loss Account 20 7 (5) 22
Deduct stock written off (4) (5) (9)
Add Goods on sale or return (1) (1)
Revised net profit/(loss) 16 2 (6) 12

(b) Home Computers contribution

$000
Net loss (6)
Add back administration 10
Contribution 4

(c) Spicers net profit if Home Computers had been closed on 30 April 2003
$000
Profit Kitchen Equipment 16
Radio and TVs 2
18
Less administration (not charged to
Home Computers) (10)
Profit 8