How to calculate profit and loss statement
Office Equipment $45000
Accrued expenses $1424
Prepaid insurance $ 1200
Selling expenses $ 2450
Bank overdraft $ 3755
Admin expenses $ 5276
Depreciation $ 12446
Fees collected $ 251700
Motor vehicle $ 18562
Bank fees $ 202
Maintenance $ 29780
Accumulated depreciation off equip $ 17500
Premises $ 105000
Tel & lighting expenses $ 7947
Interest $ 11075
Accumulated depriciation vehicle $ 8460
Wages $ 72933
Mortgage $ 72908
Motor vehicle expenses $ 6562
Creditors $ 15752
Computer expenses $ 2448
Drawings $ 3600
Stock $ 6540
Debtors $ 25985
Capital ?
Calculate capital figure
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