All Junior Cert Business Studies posts
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    help with trading profit and loss acc OL colmk

    i just cant do them.. im unstoppable if it comes to club accounts but tp&l i cant understand.. HAALLLPPP PLZ!

    1. avatar image

      Ruairí

      Colm you can't do them because we have a terrible teacher and I find the trading profit and loss a/c's hard also.

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      Ruairí

      and i'm in higher level

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      joecole

      I hope this helps... (Start of formula)

      1. Sales (find it in the question)

      2.Cost of sales: (Memory Aid: OPICCC)

      Opening Stock

      Purchase

      Import Duties

      Carriage inwards

      Cost of goods available for sale

      (Less) Closing Stock

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      joecole

      Cost of goods sold

      Gross Profit (Sales minus cost of goods sold)

      3.Less Expenditure

      You'll just have to learn off all the expenses unfortunately!

      Net Profit (Gross Profit minus total expense

      Less Dividends

      Reserves

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      colmk

      Thank you 😊 Ill try some over the weekend and see if it helps 😊😉

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      ArahKa

      personally im really bad at them i did all the questions but half did the tp&l my advice is do all the questions you can you get marked for your best 3 or 4 if you have time to spare give tp&l a go with half doing that question and doing all the questions i got a B😊

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      caylump2

      They are really hard if the teacher doesn't explain properly from the start

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      sebin

      colm u only have to do anaslyed cash book if ur in ol for that type of question

    9. avatar image

      Me

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