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E & F Enterprises Year Ended 31 August 2019 Vehicle expenses 1,400 Closing stocks 4,100 Rent payable 6,200 Vehicle cost less depreciation 7,400 Annual depreciation

E & F Enterprises

Year Ended 31 August 2019

Vehicle expenses

£1,400

Closing stocks

£4,100

Rent payable

£6,200

Vehicle cost less depreciation

£7,400

Annual depreciation – vehicles

£1,850

Heating and lighting

£940

Communication costs

£510

Revenue

£101,500

Purchases

£67,800

Insurance expense

£790

Loan interest payable

£630

Bank balance

£4,700

Salary expenses

£10,700

Opening stocks

£4,300

Prepare a financial performance statement for the year ended 31 August 2019, and determine the gross profit and total expenses.

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