George Hampanda 2024000974
George Hampanda 2024000974
George Hampanda 2024000974
DUE DATE:……………………………………...06/10/24.
WORKINGS
=14800 + 1700
= k16500
=9100 + 245
= k9345.
=15% * 800,000
=k120,000.
= 120,000 + 70,000
=k190,000.
=800000 * 5% =120000
=40000
=48000
2
UMOZI LIMITED’S TRADING PROFIT AND LOSS ACCOUNT AS AT 31/12/2021.
K K K
Sales 1606086
Stock at 31 December 2021 290114
purchases 810613
Carriage inwards 2390
Cost of goods available for sale 1103117
Less: closing stock (317426)
Cost of sales (785691)
Gross Profit 820395
Less Expenses
Carriage outwards 13410
Salaries 384500
Business rates 16500
Office expenses 9345
Sundry expenses 2360
Depreciation: Building 40000
: Equipment 48000
88000
3
UMOZI LIMITED’S STATEMENT OF FINANCIAL POSITION.