This document outlines the key elements of a trading profit and loss account, appropriation account, and balance sheet for a junior cert business studies class. It includes line items for sales, cost of goods sold, expenses, profits, appropriations of profit including dividends, and the breakdown of assets, liabilities, and equity on the balance sheet, including fixed assets, current assets, current liabilities, and sources of long-term financing. The purpose is to teach students the basic structure and components of financial statements used to report the financial performance and position of a business.

1. Trading Profit and Loss and Appropriation Account and Balance Sheet Junior Cert
Trading Cost of Sales Gross Profit
Opening stock
Sales – Sales Purchases- P. returns
Carriage in
Returns = Net Import duty/ customs duty
sales Manufacturing wages
COS Due(+)
COS prepaid (-)
Expenses
Net Profit Insurance Gains
Gross profit + gains - Rates Rent received
expenses L&H Interest received
Bad debts
Depreciation Commission received
Exp due (+) Gain due (+)
Exp prepaid (-) Gain prepaid (-)
Notes:
Appropriation
Reserves Insert text here
+ P& L balance
FBY
-Dividend declared (% of
issued share capital)

2. Trading Profit and Loss and Appropriation Account and Balance Sheet Junior Cert
Fixed Assets – Current Assets Current Liabilities
Depreciation = NBV Closing stock
Dividend declared
Debtors
Machinery Creditors
Cash
Bank overdraft
Equipment Bank
Gain Prepaid
Land Gain due
Expense due
Expense prepaid
Premises COS due
COS Prepaid
Fixtures & Fittings
Financed By Total Net Assets Working Capital
Authorised share
capital Working capital CA- CL
Issued share capital + &Fixed assets NBV
reserves +long term total
loan
Notes:
Capital Employed
Reserves Insert text here
Issued share capital +
reserves +long term loan