Name of the company
Manufacturing and trading account for the year ended 31 December 2001
$ $
Opening stock of raw material 500
Add: Purchases 50,000
Carriage inwards 1,000 51,000
51,500
Less: Closing stock of raw material 2,000
Cost of material consumed 49,500
Direct labour 54,000
Direct expenses 23,000
Prime cost 126,500
Add: Factory overhead expenses
Rent and rate of plants 20,000
Depreciation of machines 3,000
Electricity 1,500 24,500
Production cost incurred during the year 151,000
Add: Opening stock of work-in-process 7,000
158,000
Less: Closing stock of work-in-process 9,000
Production costs of goods completed c/d 149,000
(to be transferred to the trading account)
Sales 200,000
Less: Cost of goods sold
Opening stock of finished goods 10,500
Add: Production cost of goods completed 149,000
159,500
Less: closing stock of finished goods 31,300 128,200
Gross Profit 71,800
Name of the company
Manufacturing, Trading and Profit and Loss Account for the year ended 31 December 2001
$ $ $
Opening stock of raw material原料期初存貨 500
Add: Purchases購貨 50,000
Carriage inwards購貨運費 1,000 51,000
51,500
Less: Closing stock of raw material原料期末存貨 2,000
Cost of material consumed消耗原料 49,500
Direct labour直接人工 54,000
Direct expenses直接費用 23,000
Prime cost 主要成本 126,500
Add: Factory overhead expenses 間接製造成本
Rent and rate of plants 廠房租金及差餉 20,000
Depreciation of machines 機器折舊 3,000
Electricity電費 1,500 24,500
Production cost incurred during the year 151,000
Add: Opening stock of work-in-process半製成品期初存貨 8,000
159,000
Less: Closing stock of work-in-process半製成品期末存貨 9,000
Production costs of goods completed c/d 生產成本 150,000
Add: Manufacturing Profit (製造盈利) (if have) 30,000
Finished goods transferred to the trading a/c at market value (製造品市價轉入購銷賬) 180,000
Sales 銷貨 200,000
Less: Returns inwards (銷貨退回)
Less: Cost of goods sold(銷貨成本)
Opening stock of finished goods製成品期初存貨 10,500
Add: Finished goods transferred from manufacturing A/C(製造品自製造賬轉入)180,000
190,500
Less: closing stock of finished goods製成品期初存貨 31,300 159,200
Gross Profit (毛利) 40,800
Manufacturing Profit (製造盈利) (if have) 30,000
Discount received ( 購貨折扣) 700
Rent received (租金收入) 5,000
76,500
Less: Expenses (支出)
Administration expense(行政費用)
Rent and rate of office (辦公室租金及差餉) 20,000
Salaries (薪金) 20,000
Insurance (保險費用) 720
Depreciation of office equipment (辦公室設備折舊) 900 41,620
Selling and distribution expenses銷售及分銷費用
Carriage outwards (銷貨費用) 1,200
Commission (佣金) 5,000
Provision for bad debts (呆帳準備) 380
Depreciation of Delivery Van (貨車折舊) 1,800 8,380 50,000
Net profit (純利) 26,500
Name of the company
Balance Sheet as at 31 December 2001
$ $ Net $
book
Cost Acc. Dep Value
Fixed Assets固定資產 成本 累積折舊 賬面淨值
Land 土地 300,000 - 300,000
Machines 機器 15,000 3,000 12,000
Office equipment 辦公室設備 9,000 900 8,100
Delivery Van 貨車 18,000 1,800 16,200
336,300
Current Assets流動資產
Stock of raw material原料期末存貨 2,000
Stock of work-in-process半製成品期末存貨 9,000
Stock of finished goods製成品期初存貨 31,300 42,300
Debtors 債仔 3,800
Less: Provision for bad debts 呆帳準備 380 4,180
Prepayment 預付 500
Bank 銀行存款 5,000
Cash 現金 320
52,300
Less: Current Liabilities 流動負債
Creditors 債主 42,000
Accruals 拖欠款項 800
Bank overdraft 銀行透支 1,500 44,300
Working Capital 流動資本 8,000
344,300
Less: Long-term Liability 長期負債
Debenture 債券 200,000
144,300
Financed by:
Capital 資本
Balance as at 1.1.01 167,800
Add: Profit for the year 26,500
194,300
Less: Drawings 提用 50,000
Balance as at 31.12.01 144,300