Create a P& L account from the list below with how they are calculated Retained Profit Gross Profit Net Profit Sales Revenue Cost of sales Expenses Wages Tax Lighting Heating Dividends Sales Revenue (less) Cost of sales (equals) Gross Profit (less) Expenses Wages Lighting Heating (equals) Net Profit (less) Tax (less) Dividends (equals) Retained profit

Create the Balance sheet layout from the list of items below: Name of company and date Fixed Assets Land and buildings Machinery Current Assets Bank Debtors Current Liabilities Creditors Net current assets (CA-CL) Net Assets (FA – NCA) Capital Employed Shareholders funds Long term loan Retained Profit Total Capital Employed Capital Employed Shareholders funds Current Assets Current liabilities Bank Debtors Creditors Land and Buildings Machinery Retained Profit Net current assets Net assets Name of company and date