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Accounting Excel Project

The document presents the financial statements for Dazzle Razzle as of October 31, 2024, including a post-adjustment trial balance, statement of comprehensive income, statement of financial position, and statement of changes in equity. The company reported a loss for the year of 636,419.00, with total assets amounting to 9,346,690.00 and total equity of 8,583,190.00. Key adjustments were made to various accounts, impacting the overall financial position and performance.

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Inam Saba
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10 views8 pages

Accounting Excel Project

The document presents the financial statements for Dazzle Razzle as of October 31, 2024, including a post-adjustment trial balance, statement of comprehensive income, statement of financial position, and statement of changes in equity. The company reported a loss for the year of 636,419.00, with total assets amounting to 9,346,690.00 and total equity of 8,583,190.00. Key adjustments were made to various accounts, impacting the overall financial position and performance.

Uploaded by

Inam Saba
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Post-Adjustment trial balance for Dazzle Razzle as at 31 October 2024

Pre-adjustment Dr Pre-adjustment Cr Adjustment Dr Adjustment Cr Post-adjustment Dr Post-adjustment Cr


Accounts receivable 445,500.00 445,500.00
Accounts payable 556,800.00 556,800.00
Accrued Expenses 24,800.00 12,000.00 36,800.00
Bank and cash 117,450.00 117,450.00
Capital 9,226,299.00 9,226,299.00
Consumable stores on hand 75,604.00 3,204.00 72,400.00
Drawings 6,690.00 6,690.00
Equipment 756,000.00 1,900.00 754,100.00
Computer equipment 42,000.00 1,050.00 40,950.00
Motor Vehicles 110,000.00 5,500.00 104,500.00
Furniture and Fittings 554,000.00 554,000.00
Income receivable 32,500.00 32,500.00
Income received in advance 78,900.00 91,000.00 169,900.00
Land and buildings 6,500,000.00 6,500,000.00
Machinery 567,900.00 567,900.00
Prepaid expenses 27,890.00 27,890.00
Trading Stock 125,678.00 3,822.00 129,500.00
Advertising expense 165,000.00 165,000.00
Consumable expense 67,897.00 3,204.00 71,101.00
Cost of sales 2,872,644.00 2,872,644.00
Depreciation 334,490.00 8,450.00 342,940.00
Insurance 132,000.00 12,000.00 144,000.00
Printing and stationery 465,000.00 465,000.00
Other operating expenses 1,345,000.00 1,345,000.00
Revenue from the sale of goods 7,049,644.00 7,049,644.00
Revenue from services rendered 568,800.00 568,800.00
Rental expense 78,000.00 78,000.00
Rental income 140,000.00 91,000.00 49,000.00
Salaries and wages 2,656,000.00 2,656,000.00
Water and electricity 168,000.00 168,000.00
Trading Stock Surplus 3,822.00 3,822.00
17,645,243.00 17,645,243.00 118,476.00 118,476.00 17,661,065.00 17,661,065.00

Student number: 3001137


Sheet name: Post-adjustment trial balance
Post-Adjustment trial balance for Dazzle Razzle as at 31 October 2024
Pre-adjustment Dr Pre-adjustment Cr Adjustment Dr Adjustment Cr Post-adjustment Dr Post-adjustment Cr
Accounts receivable 445,500.00 445,500.00
Accounts payable 556,800.00 556,800.00
Accrued Expenses 24,800.00 12,000.00 36,800.00
Bank and cash 117,450.00 117,450.00
Capital 9,226,299.00 9,226,299.00
Consumable stores on hand 75,604.00 3,204.00 72,400.00
Drawings 6,690.00 6,690.00
Equipment 756,000.00 1,900.00 754,100.00
Computer equipment 42,000.00 1,050.00 40,950.00
Motor Vehicles 110,000.00 5,500.00 104,500.00
Furniture and Fittings 554,000.00 554,000.00
Income receivable 32,500.00 32,500.00
Income received in advance 78,900.00 91,000.00 169,900.00
Land and buildings 6,500,000.00 6,500,000.00
Machinery 567,900.00 567,900.00
Prepaid expenses 27,890.00 27,890.00
Trading Stock 125,678.00 3,822.00 129,500.00
Advertising expense 165,000.00 165,000.00
Consumable expense 67,897.00 3,204.00 71,101.00
Cost of sales 2,872,644.00 2,872,644.00
Depreciation 334,490.00 8,450.00 342,940.00
Insurance 132,000.00 12,000.00 144,000.00
Printing and stationery 465,000.00 465,000.00
Other operating expenses 1,345,000.00 1,345,000.00
Revenue from the sale of goods 7,049,644.00 7,049,644.00
Revenue from services rendered 568,800.00 568,800.00
Rental expense 78,000.00 78,000.00
Rental income 140,000.00 91,000.00 49,000.00
Salaries and wages 2,656,000.00 2,656,000.00
Water and electricity 168,000.00 168,000.00
Trading Stock Surplus 3,822.00 3,822.00
17,645,243.00 17,645,243.00 118,476.00 118,476.00 17,661,065.00 17,661,065.00
Statement of Comprehensive Income for Dazzle Razzle as at October 2024
C
Sales 7,049,644.00
Revenue from the sale of goods 7,049,644.00
Cost of Sales 2,872,644.00
Gross Profit 4,177,000.00
Other Income 621,622.00
Rental income 49,000.00
Trading Stock Surplus 3,822.00
Revenue from services rendered 568,800.00
Gross Income 4,798,622.00
Operating expenses 5,435,041.00
Insurance 144,000.00
Depreciation 342,940.00
Advertising expense 165,000.00
Consumable expense 71,101.00
Printing and stationery 465,000.00
Rental expense 78,000.00
Salaries and wages 2,656,000.00
Water and electricity 168,000.00
Other operating expenses 1,345,000.00
Loss for the year - 636,419.00

Student number: 3001137


Sheet name: SOCI
Statement of comprehensive income Dazzle Razzle as at 31 October 2024
C
Sales 7,049,644.00
Revenue from the sale of goods 7,049,644.00
Cost of Sales 2,872,644.00
Gross Profit 4,177,000.00
Other Income 621,622.00
Rental income 49,000.00
Trading Stock Surplus 3,822.00
Revenue from services rendered 568,800.00
Gross Income 4,798,622.00
Operating expenses 5,435,041.00
Insurance 144,000.00
Depreciation 342,940.00
Advertising expense 165,000.00
Consumable expense 71,101.00
Printing and stationery 465,000.00
Rental expense 78,000.00
Salaries and wages 2,656,000.00
Water and electricity 168,000.00
Other operating expenses 1,345,000.00
Loss for the year - 636,419.00

Student number: 3001137


Sheet name: SOCI Formula sheet
Statement of financial position of Dazzle Razzle as at 31 October 2024
C
ASSETS
Non-current assets 8,521,450.00
Computer equipment 40,950.00
Motor Vehicles 104,500.00
Furniture and Fittings 554,000.00
Equipment 754,100.00
Machinery 567,900.00
Land and buildings 6,500,000.00

Current Assets 825,240.00


Accounts receivable 445,500.00
Bank and cash 117,450.00
Consumable stores on hand 72,400.00
Income receivable 32,500.00
Trading Stock 129,500.00
Prepaid expenses 27,890.00

TOTAL ASSETS 9,346,690.00

EQUITY AND LIABILITIES

Equity 8,583,190.00
Capital 9,219,609.00
Loss for the year - 636,419.00

Liabilities 0
loan 0

Current liabilities 763,500.00


Accounts payable 556,800.00
Accrued Expenses 36,800.00
Income received in advance 169,900.00

TOTAL EQUITY AND LIABILITIES 9,346,690.00

Student number:3001137
Sheet name: SOFP
Statement of financial position of Dazzle Razzle as at 31 October 2024
C
ASSETS
Non-current assets 8,521,450.00
Computer equipment 40,950.00
Motor Vehicles 104,500.00
Furniture and Fittings 554,000.00
Equipment 754,100.00
Machinery 567,900.00
Land and buildings 6,500,000.00

Current Assets 825,240.00


Accounts receivable 445,500.00
Bank and cash 117,450.00
Consumable stores on hand 72,400.00
Income receivable 32,500.00
Trading Stock 129,500.00
Prepaid expenses 27,890.00

TOTAL ASSETS 9,346,690.00

EQUITY AND LIABILITIES

Equity 8,583,190.00
Capital 9,219,609.00
Loss for the year - 636,419.00

Liabilities 0
loan 0

Current liabilities 763,500.00


Accounts payable 556,800.00
Accrued Expenses 36,800.00
Income received in advance 169,900.00

TOTAL EQUITY AND LIABILITIES 9,346,690.00

Student number: 3001137


Sheet name : SOFP Formula sheet
Statement of changes in equity for Dazzle Razzle as for 31 October 2024
Capital Retained Total
Profit
C C C
Balance at 1 November 2023 9,226,299.00 9,226,299.00
Loss for the year - 636,419.00 - 636,419.00
Distributions - 6,690.00 - 6,690.00
Contributions
Balance at 31 October 2024 9,219,609.00 - 636,419.00 8,583,190.00

Student number: 3001137


Sheet name: SOCIE
Statement of changes in equity for Dazzle Razzle as for 31 October 2024
Capital Retained Total
Profit
C C C
Balance at 1 November 2023 - -
Loss for the year 1,345,000.00 1,345,000.00
Distributions - 75,604.00 - 75,604.00
Contributions
Balance at 31 October 2024 - 75,604.00 1,345,000.00 1,269,396.00

Student number: 3001137


Sheet name: SOCIE Formula sheet

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