Seeking Advice on P/L and Balance Sheet

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Mar 10, 2010
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Hi :),
I cant post images although i need some advice. Therefore I will write out my query.

I am trying to write out a profit and loss account and balance sheet from values. I need to know under which headings they go in P/L account and Balance Sheet.

The values are:

  • Sales
  • Insurance
  • Purchases
  • Stock( 01/01/06)
  • Wages & Salaries
  • Returns In
  • Advertising
  • Sundry Expenses
  • Motoring Expenses
  • Returns Out
  • Carriage In
  • Carrigae Out
  • Discounts Allowed
  • Discounts Recieved
  • Gas & Electricity
  • Premises
  • Motor Vehicles
  • Debtors
  • Bank
  • Creditors
  • Loans
  • Capital
  • Drawings

Thank you!
 
Joined
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I dont know what the mods will say but im gonna post until i hit 10 posts so that i can post a link of what ive done so far as part of the question
 

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