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HMRC internal manual

Holding and Movements Alcohol Strategy Accounts

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HM Revenue & Customs
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Accounts: The Trading Account

 

The trading account deals specifically with the sales and the direct costs involved(i.e. cost of goods sold).

The following table shows an example of the trading account:

An Excise Trader Limited
Trading, Profit and Loss Account for the year ending 31 December xxxx.        
         
  Turnover   1,956,546 LINE 1
         
  Cost of Goods Sold      
  Opening Stock 31,965   LINE 2
  Purchases 862,594   LINE 3
  Duty / warehousing / haulage 100,000   LINE 7
    994,559    
  Closing Stock (105,709)   LINE 4
      888,850 LINE 5
  Gross Profit   1,067,696 LINE 6

How can I use the information provided in the Trading Account?

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)