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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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