1. 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

2. 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