Accounting for the microbusiness - A teaching manual (Peace Corps, 1975, 105 p.): Aids: Profit and loss statement

Accounting for the microbusiness - A teaching manual (Peace Corps, 1975, 105 p.)

Aids

		Accounting interview
		The object of accounting
		Balance statement
		Assets = Capital
		Assets - Liabilities = Capital
		Profit and loss statement
		Cost of goods sold
		Trial balance
		Initiation sheet
		Definition of debit and credit
		The evolution of debit and credit
		Transactions
		Cash voucher
		Sales voucher
		Receipt
		Diagram of the system
		Cash book
		Guide to accounting entries
		Cash transactions
		Credit sales book
		Credit purchases book
		Credit sales
		Credit purchases
		Payments
		Loans to employees section
		Loans to employees list
		Book of accounts: Title of account pages
		Monthly inventory listing
		Guide to financial statement elaboration
		Uniterrupted working capital flow
		Interrupted working capital flow
		Inventory control - page examples
		Control of postdated checks
		Auxiliary cash on hand sheet
		Credit payments with merchandise
		Alternative Acc/Rec section

Company:		Period:
SALES
Less Coat of Sales
NET SALES			____(1)
Cost of Goods Sold
Beginning Inventory
Plus: purchases of materials	+
Subtotal
Less: Ending inventory	-
Cost of Goods Sold			____(2)
+ Marginal Utility ( 1 - 2 )			____(3)
Other Revenues & Expenses
Labor
Social Benefits
Personal Expenses
Other Expenses
Interest
Other Revenues or expenses
Total Costs			____(4)
⁺⁺Profit			= = = = =
⁺⁺⁺Lose			= = = = =
+ Net Sales less Cost-of Goods Sold
(1) - (2) = Marginal Utility (3)
++ If marginal utility is greater than expenses
(3) - (4) = Profit
+++ If marginal utility is less than expenses
(4) - ( 3) = Loss