| 44,731 2 10|| | " Stock on hand 31st Dec. |
| " Gross Profit, transferred | || | 1906 | 5,751 3 10
| to Profit and Loss account | 5,673 9 5|| | |
| |-------------++ | +-------------
| |L54,483 8 7|| | |L54,483 8 7
------+-------------------------------------+-------------++-------+-----------------------------+-------------

_Dr._ PROFIT AND LOSS ACCOUNT for the Year ended 31st December 1906 _Cr._
------+-------------------------------------+-------------++-------+-----------------------------+-------------
| To Rent, rates and taxes L1,242 13 8| || | By Gross Profit as per |
| " Salaries and wages 1,865 12 0| || | Trading Account | L5,673 9 5
| " General expenses 1,087 8 0| || | " Discount received | 1,117 17 8
| ----------+ L4,195 13 8|| | |
| " Discounts allowed | 975 3 3|| | |
| " Bad debts | 71 4 2|| | |
| " Deprecation | 141 0 5|| | |
| " Net Profit for the year trans- | || | |
| ferred to Capital account | 1,408 5 7|| | |
| +-------------++ | +-------------
| | L6,791 7 1|| | | L6,791 7 1
------+-------------------------------------+-------------++-------+-----------------------------+-------------

_Dr._ BALANCE SHEET as at 31st December 1906 _Cr._
------+-------------------------------------+-------------++-------+-----------------------------+-------------
| To A.B., Capital account |L14,918 7 2|| | By Fixtures, furniture, &c. | L1,269 4 3