miniaczek
Dec 3, 2011, 09:50 AM
Hi I need Help whti Balnce sheet
Trial Balance as at 31st December 2011
£Debits £Credits
Sales 375200
Capital 360735
Trade Debtors and Trade Creditors 15500 25500
Motor Vehicles 20000
Fixtures and Fittings & equipment 42500
Opening Stock of food and beverages 10950
Purchases 134521
Motor Expenses 5525
Insurance 3825
Rates 6650
Premises 294000
Wages and Salaries 169750
Repairs & renewals 2855
Professional charges 3250
Advertising 15422
Bank 7537
Drawings 29150 ______
761435 761435
Stock of food & beverages at 31st December 2011 was £10115.
Although the customer levels are reasonably stable the hotel owner believes that undertaking one of two business ideas can boost demand and profits. BPI are considering implementing one of the following two proposals:
Proposal 1: HEALTH SPA
The land adjacent to the hotel has recently come on to the market. After extensive development, the land is going to be used to build a small health spa at an initial cost of £155,000.
Proposal 2: KITCHEN REFURBISHMENT
The kitchen area has not been refurbished for several years and most of the kitchen equipment has a nil residual value. The head chef believes that kitchen refurbishment and purchase of new equipment will enhance productivity. This will initially cost £120,000.
Trial Balance as at 31st December 2011
£Debits £Credits
Sales 375200
Capital 360735
Trade Debtors and Trade Creditors 15500 25500
Motor Vehicles 20000
Fixtures and Fittings & equipment 42500
Opening Stock of food and beverages 10950
Purchases 134521
Motor Expenses 5525
Insurance 3825
Rates 6650
Premises 294000
Wages and Salaries 169750
Repairs & renewals 2855
Professional charges 3250
Advertising 15422
Bank 7537
Drawings 29150 ______
761435 761435
Stock of food & beverages at 31st December 2011 was £10115.
Although the customer levels are reasonably stable the hotel owner believes that undertaking one of two business ideas can boost demand and profits. BPI are considering implementing one of the following two proposals:
Proposal 1: HEALTH SPA
The land adjacent to the hotel has recently come on to the market. After extensive development, the land is going to be used to build a small health spa at an initial cost of £155,000.
Proposal 2: KITCHEN REFURBISHMENT
The kitchen area has not been refurbished for several years and most of the kitchen equipment has a nil residual value. The head chef believes that kitchen refurbishment and purchase of new equipment will enhance productivity. This will initially cost £120,000.