POA Formats
Bank Reconciliation
Starting with Cash Book Balance
Details $
Balance as per Cash Book x
Add: Unpresented Cheques x
xx
Less: Bank Lodgement (x)
Balance as per Bank Statement x
Starting with Bank Statement Balance
Details $
Balance as per Bank Statement x
Add: Bank Lodgement x
xx
Less: Unpresented Cheques (x)
Balance as per Cash Book x
Partnerships
Profit and Loss Appropriation Account
Details $ $ $
Net Profit xx
Add: Interest on Drawings:
A x
B x
C x
xxx
xxxxx
Less: Salary
A x
B x
C x
(xxx)
Less: Interest on Capital
A x
B x
C x
(xxx)
(xxxx)
Balance of Profits x
Share of Profits
A (x%) x
B (x%) x
C (x%) x
xxx
Current Account
A B C A B C
Details $ $ $ Details $ $ $
Drawings x x x Bal b/d x x x
Interest on Drawings x x x Share of Profit x x x
Share of Loss x x x Salary x x x
Bal c/d x x x Interest on Capital x x x
Interest on Load (if not paid) x x x
xxx xxx xxx xxx xxx xxx
Partnership Balance Sheet
This only differs in the Capital/Financed by section.
Financed By:
Loan from Partners
A x
B x
C x
xxx
Capital Accounts
A x
B x
C x
xxx
Current Accounts (bal c/d figure)
A x
B x
C x
xxx
xxxx
Manufacturing Accounts
Manufacturing Account
Detials $ $
Raw Materials
Opening stock of raw materials x
Add: Purchases of raw materials x
Add: Carriage Inwards x
xx
Less: Return Outwards (x)
Net Purchases of raw materials x
Cost of raw materials available for use xx
Less: Closing Stock of raw materials (x)
Cost of raw materials used x
Add: Direct Labour/Factory Wages x
Add: Direct Expenses x
PRIME COST xxx
Add: Factory Overheads/Indirect Expenses
Factory Rent x
Factory Manager's Salary x
Factory electricity x
Depreciation of plant and machinery x
Insurance for Factory x
Any other factory related expenses x
xx
xxxxx
Add: Opening work in progress x
xxxxxx
Less: Closing work in progress (x)
TOTAL COST OF PRODUCTION xxxx
Manufacturing Trading and Profit and Loss Account
Details $ $
Sales xxx
Less: Return Inwards (x)
NET SALES xx
Less: Cost of goods sold
Opening stock of finished goods x
Add: Purchases of finished goods x
Add: Carriage Inwards on finished goods x
Add: Total cost of production x
Cost of goods available for sale xxxx
Less: Closing stock of finished goods (x)
Cost of goods sold (xxx)
GROSS PROFIT x
Less: Expenses
Office wages x
Administrative salaries x
Rent and Rates x
Electricity x
Discount Allowed x
Return Outward x
Depreciation of Office Equipment x
Any other Office related expenses x
(xx)
NET PROFIT x
Manufacturing Balance Sheet
The balance sheet for a manufacturer remains the same, but closing stock under current assets is
shown as:
Detials $
Current Assets x
Stock - Raw materials x
Work in progress x
Finishied goods x
Debtors x
Bank x
Cash x
xxx
Limited Companies
Limited Company Appropriation Account
Detials $ $
Net Profit b/d xxx
Add: Retained Earning / Undistributed
Profits From the Previous Year x
xxxx
Less: Appropriations
Transfer to Reserve - General x
Fixed Asset x
Proposed Dividends - Ordinary x
Preference x
(xxx)
RETAINED EARNINGS C/D x
Limited Company Balance Sheet
The balance sheet only differs in the Current Liabilities section and the Capital Section
Detials $ $ $
Fixed assets x
Current Assets x
Less: Current Liabilities
Proposed Dividends - Ordinary x
Preference x
Bank overdraft x
Creditors x
Accrued expenses x
Prepaid revenue x
(xx)
xxx
Working Capital xxxx
Financed by:
Authorized Share Capital
x amt Ordinary Share Capital @ $x each xx
x amt, x% Preference Shares @ $x each xx
xxxx
Issused Share Capital
x amt Ordinary Share Capital @ $x each x
x amt, x% Preference Shares @ $x each x
xx
x% Debentures x
Reserves - General x
Fixed Asset x
Retained Earnings c/d x
xxx
For reserves in the Issued Share Capital Section, add the figure given on the trial balance to the
amount in the appropriation account.
