TR# Cash AccRec Inven PrepRent PrepAd

loan
Advances
Opening Balance 618 120 7 10 25
1 800 1200
2 -1607 1706
3 -200
4 -225 300
5 -60
6a
6b 37 -25
7 195
8 -80
9 -136
-7
10
11a -10
13 -1900
14 1110 -1110
TB 452 210 106 0 0 0
CL
E 452 210 106 0 0 0
452 210 106 0 0 0
A Comprehensive Example Company
Income Statement for year ending
(In $)
Sales
Cost of Goods Sold
Gross profit
Ad Costs
Salaries
Depreciation
Rent
EBIT
Interest Expense
Profit before tax
Tax Expense
Net Income
Assets
2013 2012 Change Cat
Cash 452 618 -166
AccRec 210 120 90 O
Inven 106 106 O
PrepRent 0 7 -7 O
PrepAd 0 10 -10 O
loan Advances 0 25 -25 I
Interest Recieveable 0 5 -5 O
Salary Advance 0 0 O
Trademark 0 195 -195 I
Supplier Advances 0 75 -75 O
W&E 610 410 200 I
AccDepn -225 -145 -80 I
ComPaper 0 0 F
AcPay 100 1 99 O
AccSalaries 5 10 -5 O
AccRent 7 7 O
AccInt 8 8 O
Acc Dividends 15 15 F
loan 28 28 0 F
ComSt 0 0 F
APIC 500 500 0 F
RetEarn 490 781 -291 O/F
AccRec
Cash Flow Statement for the period
(In $) 0
Net Income (216) $
Add: Depreciation 80
Assets
AccRec -90 -90
Inven -106 -106
PrepRent 7 7
PrepAd 10 10
Interest Recieveable 5 5
Supplier Advances 75 75
Liabilities
AcPay 99 99
AccSalaries -5 -5
AccRent 7 7
AccInt 8 8
Cash flow from operations (126) $
Cash flow from investing
loan Advances 25
Trademark 195
W&E -200
AccDepn 80
-280 -200
20 $
Cash flow from Financing
Acc Dividends (60) $
(60) $
Change " in cash" (166) $
Beginning cash
Ending cash
Interest
Recieveable Salary Advance
Trademar
k
Supplier
Advances W&E AccDepn ComPaper AcPay
5 195 75 410 -145 1
99
200 -80
-75
7
-12
-195
0 0 0 0 610 -225 0 100
0 0 0 0 610 -225 0 100
0 0 0 0 610 -225 0 100
20XX
2000
-1900
100
-10
-75
-80
-150
-215
-1
-216
-216
Assets Liabilities
BB
NI
Dividends
End
AccSalarie
s AccRent AccInt
Acc
Dividends loan ComSt APIC RetEarn Sales
10 28 500 781
2000
15 -75
-5
14
-7
8
5 7 8 15 28 0 500 706 2000
-216
5 7 8 15 28 0 500 490
5 7 8 15 28 0 500 490
Liabilities Shareholder Equity
781
-216
75
490
COGS
Salaries
Exp
Interest
Revenue DepnExp RentExp IntExp TaxExp Ad Exp
-80
7
-75
-150
-8
-10
-1900
-1900 -75 7 -80 -150 -8 0 -10
Accounts Payable
BB 2247
Credit Purchases 18864
payments 18583
EB 2528
AR
BB 1510 collections 25161
Sales 25371
EB 1720
Inv
BB 252
18628
18864
488
Asset liability
Dr Cr Dr Cr
+ - - +
1 d 1 d
2 a 2 a
3 f 3 f
4 c 4 c
5 i 5 i
6 h 6 h
7 e 7 e
Assets 5000
liabilities 3000
Interest 10%
SE 2000
ROE=ROA
Tax Rate
EBIT/op income 500
Interest 300
Tax 0
net Income 200
ROE 0.1
April
BB 9000 BB 0 BB 0
Sales 12000 Collections 0 Sales 12000 Prod 6000
COGS 6000 Payments 7000 Collections 0 shipment 6000
Other expenses 1000
EB 5000 2000 12000 0
May
BB 2000 BB 12000 BB 0
Sales 24000 Collections 12000 Sales 24000 Prod 12000
COGS 12000 Payments 13000 Collections 12000 shipment 12000
Other expenses 1000
EB 11000 1000 24000 0
June
BB 1000 BB 24000 BB 0
Sales 48000 Collections 24000 Sales 48000 Prod 24000
COGS 24000 Payments 25000 Collections 24000 shipment 24000
Other expenses 1000
EB 23000 0 48000 0
July
BB 0 BB 48000 BB 0
Sales 96000 Collections 48000 Sales 96000 Prod 48000
COGS 48000 Payments 49000 Collections 48000 shipment 48000
Other expenses 1000
EB 47000 -1000 96000 0
Income Statement Cash Accounts Receivable Supplies
Income Statement Cash Accounts Receivable Supplies
Income Statement Cash Accounts Receivable Supplies
Income Statement Cash Accounts Receivable Supplies
April
BB 9000
Sales 0 Collections 0
COGS 6000 Payments 7000
Other expenses 1000
EB -7000 2000
May
BB 2000
Sales 12000 Collections 12000
COGS 12000 Payments 13000
Other expenses 1000
EB -1000 1000
June
BB 1000
Sales 24000 Collections 24000
COGS 24000 Payments 25000
Other expenses 1000
EB -1000 0
July
BB 0
Sales 48000 Collections 48000
COGS 48000 Payments 49000
Other expenses 1000
EB -1000 -1000
August
BB -1000
Sales 96000 Collections 96000
COGS 96000 Payments 97000
Other expenses 1000
EB -1000 -2000
Income Statement Cash
Income Statement Cash
Income Statement Cash
Income Statement Cash
Income Statement Cash