=+Fixed Assets at cost less depreciation Stock Debtors Cash at Bank The Profit & Loss Account for

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=+Fixed Assets at cost less depreciation Stock Debtors Cash at Bank The Profit & Loss Account for 1962 was:

Taxation Transfer to Reserve Proposed Dividend Balance carried forward

£

5,710 6,000 4,800 4,016

£20,526

£

48,000 21,019 10,962 4,668

£

50,400 24,136 14,119 287

£84,649 £88,942 Net Trading Profit Balance brought forward Over-provision of tax at 31 Dec. 1961

£

9,116 11,010 400

£20,526

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