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Blakes Cosmetic Centre
45
Vincent RileysTrading, Profit and Loss Account for the year ending November 30, 2008
$$$
Sales61825
27061555
Less Returns Inwards
LESS COST OF GOODS SOLD:Opening Stock10000
Purchases28100
Less Returns Outwards32027780
Cost of Goods Available for Sale37780
Less Closing Stock 540032380
GROSS PROFIT29175
ADD Discount Received:500
5000
4300
690
15700 600
29775
26190
LESS EXPENSESRates
Rent
Electricity
Discount Allowed
Wages
NET PROFIT
3585
Blakes Cosmetic Centre
Balance Sheet as at July 31st 2006
FIXED ASSETSCostDep.N.B.V
Premises35000-35000
Furniture & Fixtures8000-8000
Air Conditioner25000-25000
Motor Van26000-26000
9400094000
CURRENT ASSETS
Stock5400
Debtors24055
Bank 56610
Cash5400
91465
LESS CURRENT LIABILITIES
Creditors12980
Appliance Traders2500037980
WORKING CAPITAL53485
147485
FINANCED BY:
Capital105100
Add Net Profit3585
103685
Less Drawings11200
97485
Loan from P. Smith50000
147485
source
documents
Sales InvoiceTO: T. Jobb 68 Waltham Park Rd. Kingston 11 November 9,2008INVOICE NO:
1234
Bought of: Vincent Rileys Hardware3 Balmoral Ave.
Kingston
QuantityDescription Per Unit
$Total
$
1lb2 bags
Nail
Cement200.00
700.00200.00
1400.00
TOTALS1600.00
TO: V. Ellis
75 Molynes Rd.
Kingston November22,2008INVOICE NO:
1235
Bought of: Vincent Rileys Hardware3 Balmoral Ave.
Kingston
QuantityDescription Per Unit
$Total
$
2lbs6bags1Bag2NailsCementSiliconeDoor Knobs
Less 10% Trade Discount300
700
250
600600.00
4200.00
250.00
1200.00
635.00
TOTALS5,615.00
See Sales Journal and Returns Inwards Journal on page 27TO: E. Howell
14 Greenvale Road
Mandeville
July 20, 2006INVOICE NO:
1236
Bought of: Blakes Cosmetic Centre,
21 Barnett Street
Montego Bay
QuantityDescription Per Unit
$Total
$
4
Hair spray
Less 5% Trade Discount1,500.006,000.00
300.00
TOTALS5,700.00
TO: C. Christopher
21A Rose Avenue
Kingston 20
July 26, 2006INVOICE NO:
1237
Bought of: Blakes Cosmetic Centre,
21 Barnett Street
Montego Bay
QuantityDescription Per Unit
$Total
$
2
Bubble Bath2,500.005000.00
TOTALS5,000.00
See Sales Journal and Returns Inwards Journal on page 27
Purchases Invoice TO: Vincent Rileys Hardware 3 Balmoral Ave.
Kingston .
November 5,2008INVOICE NO:
3214
Bought of: A. Smith 15 Half Way Three Rd.
QuantityDescriptionPer Unit Total
6lbs 7 bags
5 bags
Nails
Cement
Silicone
Less 20% Trade Discount$
200.00 500.00
160.00$
800.003500.00
800.00
1020.00
TOTALS4,080.00
TO: Vincent Rileys Hardware 3 Balmoral Ave.
Kingston November 21,2008INVOICE NO:
3215
Bought of: K. Percy 26 Maxfield Ave.
Kingston
QuantityDescriptionPer UnitTotal
10 bags10
CementDoor Knobs$
500.00420.00$
5000.004200.00
TOTALS9,2000.00
See Purchases Journal and Returns Outwards Journal on page 28TO: Blakes Cosmetic Centre 21 Barnett Street
Montego Bay
July 23, 2006INVOICE NO:
3216
Bought of: J. Copper
128 Canal Close Bridgeport, St. Catherine
QuantityDescriptionPer UnitTotal
5
Bubble Bath
Less 5% Trade Discount$
100.00
$
500.00
50.00
TOTALS450.00
See Purchases Journal and Returns Outwards Journal on page 28DEBIT NOTESA.Smith
15 Half Way Tree
Rd.
Vincent Rileys Hardware
3 Balmoral Ave.
Kingston
DEBIT NOTE No. 5/23
Per UnitTotal
2 Nails
Less 20% Trade discount $
200.00$
400.00
80.00
320.00
See Returns Outwards Journal on page 28A. Barham
Lot 21 Beadles Drive
Santa Cruz, St. Elizabeth
Blakes Cosmetic Centre
21 Barnett Street
Montego Bay
DEBIT NOTE No. 5/24
Per UnitTotal
2 Facial Sets
Less 10% Trade Discount
$
200.00
$
400.00
40.00
360.00
M. Scott
18 West Street
Kingston 5
Blakes Cosmetics Centre
21 Barnett Street
Montego Bay
DEBIT NOTE No. 5/25
Per UnitTotal
2 Hair spray $
300.00$
600.00
600.00
See Returns Outwards Journal on page 28CREDIT NOTES
Vincent Rileys Hardware
3 Balmoral Ave.
Kingston
T.Jobb
68 Waltham Park Rd.
Kingston 11
CREDIT NOTE No: 23/5
Per UnitTotal
1 Nail $
300.00$
300.00
300.00
Blakes Cosmetics Centre
21 Barnett Street
Montego Bay
E. Blake
13 Ward Avenue
Santa Cruz
CREDIT NOTE No: 23/6
Per UnitTotal
1 Lipstick1000.00$
1000.00
1000.00
See Returns Inwards Journal on page 27BLAKES COSMETIC CENTRE
PETTY CASH VOUCHER
See Petty Cash Transactions on page 19See Petty Cash Book on page 25
See Petty Cash Transactions on page 19See Petty Cash Book on pages 25
See Petty Cash Transactions on page 19See Petty Cash Book on pages 25
See Petty Cash Transactions on page 19See Petty Cash Book on pages 25
See Petty Cash Transactions on page 19See Petty Cash Book on pages 25
See Petty Cash Transactions on page 19See Petty Cash Book on pages 25
See Petty Cash Transactions on page 19See Petty Cash Book on pages 25
RECEIPTS RECEIVED
NO. 235 July 8, 2006
Received from __Down By the Riva Retail and Wholesale____________
The sum of - Ten Thousand----------------------------------------------- Dollars
----------------------------------------- Cents for Cosmetic Products
_$10 00.00__ WITH THANKS Per_____________________
NO.236 July 17, 2006
Received from D. Tom . The sum of -Two Thousand Seven Hundred and Seventy Nine---- Dollars
------------------------------------ Cents for Cosmetic Products $_2 779.00___
WITH THANKS Per _______________________RECEIPTS PAIDNO.560
July 2, 2006Received from ____Blakes Cosmetic Centre__________ the sum of Ten Thousand-------------------------------------- Dollars --------------------------------------- Cents for Furniture and Fittings
$10 000.00_ WITH THANKS Per_______________________
NO.561
July 3, 2006Received from ____Blakes Cosmetic Centre__________The sum of _ Seven Thousand Two Hundred-----------------------Dollars -------------------------------------- Cents for Cosmetic Products $ 7 200.00 WITH THANKS Per________________________
NO.562 July 18, 2006Received from _____Blakes Cosmetic Centre______________The sum of --Five Hundred----------------------------------- Dollars ------------------------------------------- Cents for Motor Expenses $ 500.00 WITH THANKS Per________________________
NO.563
July 19, 2006Received from _____Blakes Cosmetic Centre______________
the sum of -----Six Hundred-----------------------------------------------Dollars------------------------------------ Cents for Electricity $ 600.00
WITH THANKS Per ________________________________
NO.564
July 21, 2006
Received from _____Blakes Cosmetic Centre______________The sum of --Seven Hundred------------------------------------------- Dollars--------------------------------------- Cents for Office Expenses $ 700.00
WITH THANKS Per_________________________
NO.565
July 2006Received from ________________________________________________The sum of _________________________________________ Dollars ______________________ Cents for __________________________ ____________
WITH THANKS Per________________________
CHEQUES RECEIVEDTHE BANK OF NOVA SCOTIA JAMAICA LIMITEDSANTA CRUZ BRANCHScotiabank ST. ELIZABETH, JAMAICA
22120
DATE July 29, 2006
PAY TO THE
ORDER OF Blakes Cosmetic Centre $ 22 500.00THE SUM OFTwenty Two Thousand Five HundredDOLLARS
Scotiabank
THE BANK OF NOVA SCOTIA LIMITED
SANTA CRUZ BRANCH
77 MAIN STREET
ST. ELIZABETH, JAMAICA W.I.
______________________________________
______________________________________
22120:8131500 2: 03006 16
THE BANK OF NOVA SCOTIA JAMAICA LIMITEDSANTA CRUZ BRANCHScotiabank ST. ELIZABETH, JAMAICA
22121
DATE
PAY TO THE
ORDER OF $ ______________THE SUM OF DOLLARS
Scotiabank
THE BANK OF NOVA SCOTIA LIMITED
SANTA CRUZ BRANCH
77 MAIN STREET
ST. ELIZABETH, JAMAICA W.I.
______________________________________
______________________________________
22121:8131500 2: 03006 16
CHEQUES PAID O55198
DATE July 5, 2006
PAY TO THE
ORDER OF Ashermans Motor Sales and Company Ltd $ 15 000.00THE SUM OF Fifteen Thousand DOLLARS
Scotiabank
THE BANK OF NOVA SCOTIA LIMITED
SANTA CRUZ BRANCH
77 MAIN STREET
ST. ELIZABETH, JAMAICA W.I.
______________________________________
______________________________________
055198:8131500 2: 03006 16 O55199
DATE July 14, 2006
PAY TO THE
ORDER OF A. Barham $ 1 710.00THE SUM OF One Thousand Seven Hundred and Ten DOLLARS
Scotiabank
THE BANK OF NOVA SCOTIA LIMITED
SANTA CRUZ BRANCH
77 MAIN STREET
ST. ELIZABETH, JAMAICA W.I.
______________________________________
______________________________________
055199:8131500 2: 03006 16
O55200
DATE July 15, 2006
PAY TO THE
ORDER OF National Water Commission $ 600.00THE SUM OF Six Hundred DOLLARS
Scotiabank
THE BANK OF NOVA SCOTIA LIMITED
SANTA CRUZ BRANCH
77 MAIN STREET
ST. ELIZABETH, JAMAICA W.I.
______________________________________
______________________________________
055200:8131500 2: 03006 16
O55201
DATE July 15, 2006
PAY TO THE
ORDER OF La Buena Vesta Apartment Building $ 2 500.00THE SUM OFTwo Thousand Five HundredDOLLARS Scotiabank
THE BANK OF NOVA SCOTIA LIMITED
SANTA CRUZ BRANCH
77 MAIN STREET
ST. ELIZABETH, JAMAICA W.I.
______________________________________
______________________________________
055201:8131500 2: 03006 16
O55202
DATE July 18, 2006
PAY TO THE
ORDER OF Manucon Enterprise $ 15 000.00THE SUM OFFifteen Thousand DOLLARS Scotiabank
THE BANK OF NOVA SCOTIA LIMITED
SANTA CRUZ BRANCH
77 MAIN STREET
ST. ELIZABETH, JAMAICA W.I.
______________________________________
______________________________________
055202:8131500 2: 03006 16
O55203
DATE July 22, 2006
PAY TO THE
ORDER OF Mi Phone $ 950.00THE SUM OFNine HundredDOLLARS
Scotiabank
THE BANK OF NOVA SCOTIA LIMITED
SANTA CRUZ BRANCH
77 MAIN STREET
ST. ELIZABETH, JAMAICA W.I.
______________________________________
______________________________________
055203:8131500 2: 03006 16
O55204
DATE July 25, 2006
PAY TO THE
ORDER OF Computer City $10 000.00
THE SUM OFTen Thousand DOLLARS
Scotiabank
THE BANK OF NOVA SCOTIA LIMITED
SANTA CRUZ BRANCH
77 MAIN STREET
ST. ELIZABETH, JAMAICA W.I.
______________________________________
______________________________________
055204:8131500 2: 03006 16
O55205
DATE July 2006
PAY TO THE
ORDER OF $ _____________THE SUM OF DOLLARS
Scotiabank
THE BANK OF NOVA SCOTIA LIMITED
SANTA CRUZ BRANCH
77 MAIN STREET
ST. ELIZABETH, JAMAICA W.I.
______________________________________
______________________________________
055205:8131500 2: 03006 16
BANK LODGEMENT SLIPS
NO.
THE BANK OF NOVA SCOTIA JAMAICA LTD
CREDIT ACCOUNT
A/C NUMBER 3912-52
PARTICULARS OF CHEQUE
BANK
DRAWN ONAMOUNTBANK
DRAWN ONAMOUNTBANK
DRAWN ONAMOUNT
NCB#563215
$
100 000
00B/F TOTAL$B/F TOTAL
$
100 00000
TOTAL CHEQUES __________
CURRENT ACCOUNT DEPOSIT SLIP
THE BAK OF NOVA SCOTIA JAMICA LIMITED
SANTA CRUZ BRANCH
July 1 06 20
Customers are advised that the Bank reserves
the right at its discretion to postpone payment
of cheques drawn against uncleared effects
which may have been credited to the account.
CREDIT ACCOUNT OF:
Blakes Cosmetic Centre
DETAILS AMOUNT
- X $20--
- X $50--
10 X $100 $1 00000
8 X $500 $4 00000
95 X $1000 95 00000
COINS--
TOTAL CASH $100 00000
TOTAL CHEQUE--
TOTAL$100 00000
NO.
THE BANK OF NOVA SCOTIA JAMAICA LTD
CREDIT ACCOUNT
A/C NUMBER 56321-85
PARTICULARS OF CHEQUE
BANK
DRAWN ONAMOUNTBANK
DRAWN ONAMOUNTBANK
DRAWN ONAMOUNT
CA 3699128$
22 500
22 50000B/F TOTAL$B/F TOTAL
$
TOTAL CHEQUES 22 500 00
CURRENT ACCOUNT DEPOSIT SLIP
THE BAK OF NOVA SCOTIA JAMICA LIMITED
SANTA CRUZ BRANCH
Aug. 1 06 20
Customers are advised that the Bank reserves
the right at its discretion to postpone payment
of cheques drawn against uncleared effects
which may have been credited to the account.
CREDIT ACCOUNT OF:
Blakes Cosmetic Centre
DETAILS AMOUNT
X $20--
X $50--
X $100--
X $500--
X $1000--
COINS--
TOTAL
CASH--
TOTAL CHEQUE 22 50000
TOTAL22 50000
Profitability RatioGross Profit Percentage = Total Goss Profit *100
Sales
= 42335 * 100
50050
= 84.5%Net Profit Percentage= Net Profit *100
Net Sales
= 32334 *100
50050
= 64.6%Return on Capital Employed= Net Profit___ *100
Capital Employed
Capital Employed is Average Capital
Average Capital= Opening Capital + Closing Capital 2
Average Capital = 150000 + 182334
2
= 332334
2
= 166167
Return on Capital Invested= 32334 *100
166167
= 19.5%
Liquidity Ratio
Current Ratio= Current Assets
Current Liability
= 135854
3270
= 41.54: 1
Acid Test Ratio/Quick Ratio= Current Assets- Stock
Current Liability
= 135 854 5790
3270
= 130 064__
3270
= 39.7:1Stock Turn or Rate of Turner= Net Sales
Average stock
Average Stock = Opening Stock + Closing Stock
2
= 0 + 5790
2
= 2895
- Rate of Turner= 47625
2895
= 16 timesDebtor Day Ratio= Debtor * 12
Net Sales
= 12275 * 12
47625
= 147300 47625
= Approx. 3months and 1 weekCreditor Day Ratio= Creditor * 12
Purchases
= 3270 * 12
13410
= 39240
13410
= Approx. 3months
raphical
presentations
GRAPHICAL PRESENTATION
CR
DEPOSITORS
INITIAL
LOK
TELLERS
INITIAL
CR
DEPOSITORS
INITIAL
LOK
TELLERS
INITIAL
45
_1205480722.xlsSheet1
Blake's Cosmetic Centre
Petty Cash Voucher
Folio NO:006Date:July 8, 2006
FOR WHAT REQUIREDAMOUNT
$
Travelling45.00
45.00
APPROVED BY
RECEIVED BY
_1205480755.xlsSheet1
Blake's Cosmetic Centre
Petty Cash Voucher
Folio NO:010Date:July 20, 2006
FOR WHAT REQUIREDAMOUNT
$
Travelling86.00
86.00
APPROVED BY
RECEIVED BY
_1205480837.xlsSheet1
Blake's Cosmetic Centre
Petty Cash Voucher
Folio NO:001Date:July 2, 2006
FOR WHAT REQUIREDAMOUNT
$
FLOAT600.00
600.00
APPROVED BY
RECEIVED BY
_1205698417.xls
_1205698572.xls
_1205480851.xlsSheet1
Blake's Cosmetic Centre
Petty Cash Voucher
Folio NO:002Date:July 4, 2006
FOR WHAT REQUIREDAMOUNT
$
Travelling54.00
54.00
APPROVED BY
RECEIVED BY
_1205480779.xlsSheet1
Blake's Cosmetic Centre
Petty Cash Voucher
Folio NO:012Date:July 22, 2006
FOR WHAT REQUIREDAMOUNT
$
Cleaning38.00
38.00
APPROVED BY
RECEIVED BY
_1205480801.xlsSheet1
Blake's Cosmetic Centre
Petty Cash Voucher
Folio NO:013Date:July 23, 2006
FOR WHAT REQUIREDAMOUNT
$
Delivery46.00
46.00
APPROVED BY
RECEIVED BY
_1205480768.xlsSheet1
Blake's Cosmetic Centre
Petty Cash Voucher
Folio NO:011Date:July21, 2006
FOR WHAT REQUIREDAMOUNT
$
Postage23.00
23.00
APPROVED BY
RECEIVED BY
_1205480739.xlsSheet1
Blake's Cosmetic Centre
Petty Cash Voucher
Folio NO:008Date:July 14, 2006
FOR WHAT REQUIREDAMOUNT
$
Delivery35.00
35.00
APPROVED BY
RECEIVED BY
_1205480748.xlsSheet1
Blake's Cosmetic Centre
Petty Cash Voucher
Folio NO:009Date:July 15, 2006
FOR WHAT REQUIREDAMOUNT
$
Postage45.00
45.00
APPROVED BY
RECEIVED BY
_1205480730.xlsSheet1
Blake's Cosmetic Centre
Petty Cash Voucher
Folio NO:007Date:July 9, 2006
FOR WHAT REQUIREDAMOUNT
$
Cleaning56.00
56.00
APPROVED BY
RECEIVED BY
_1205480704.xlsSheet1
Blake's Cosmetic Centre
Petty Cash Voucher
Folio NO:004Date:July 6, 2006
FOR WHAT REQUIREDAMOUNT
$
Delivery39.00
39.00
APPROVED BY
RECEIVED BY
_1205480714.xlsSheet1
Blake's Cosmetic Centre
Petty Cash Voucher
Folio NO:005Date:July 7, 2006
FOR WHAT REQUIREDAMOUNT
$
Stationery45.00
45.00
APPROVED BY
RECEIVED BY
_1205479687.xls
_1205480688.xlsSheet1
Blake's Cosmetic Centre
Petty Cash Voucher
Folio NO:003Date:June 5, 2006
FOR WHAT REQUIREDAMOUNT
$
Cleaning38.00
38.00
APPROVED BY
RECEIVED BY
_1204291680.xlsSheet1
Blake's Cosmetic Centre
Petty Cash Voucher
Folio NO:Date:
FOR WHAT REQUIREDAMOUNT
$
APPROVED BY
RECEIVED BY