Usual set out of the nominal ledger - income st, balance sheet, capital acc

Income StatementSales Revenue-COS=Gross Profit-Expenses=Operating Profit-tax=Profit for the year ----> is added to the capital accountBalance SheetAssetsNon current Assets machinery equipment land buildings

Current Assets Inventory Bank (cash) Trade receivables

LiabilitiesCurrent Liabilities Trade payables Overdraft Non current Liabilities Long-term loans Debentures

 Net Assets (Total Assets - Total Liabilities) ---> Capital Account figure at the end of the yearCapital AccountBeginning of the year+Profit for the Year (from the income statement)-Drawings=Capital at the end of the year

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