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    Income Statement

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    dop_monti
    The balance sheet shows assets of £33,859 including premises, inventory, receivables, and cash, balanced against claims of £31,930 including capital, payables, accruals, and an overdraft. The income statement indicates revenues of £55,347, costs of £29,848, and expenses of £15,439, resulting in a net profit of £14,509 for the year. The updated balance sheet lists fixed assets of £18,791 including premises, current assets of £15,439, current liabilities of £9,509, and a non-current loan of £6,000, with capital increased by the net profit less withdrawals of £286.

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    Income Statement

    Uploaded by

    dop_monti
    9 views2 pages
    The balance sheet shows assets of £33,859 including premises, inventory, receivables, and cash, balanced against claims of £31,930 including capital, payables, accruals, and an overdraft. The income statement indicates revenues of £55,347, costs of £29,848, and expenses of £15,439, resulting in a net profit of £14,509 for the year. The updated balance sheet lists fixed assets of £18,791 including premises, current assets of £15,439, current liabilities of £9,509, and a non-current loan of £6,000, with capital increased by the net profit less withdrawals of £286.

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    The balance sheet shows assets of £33,859 including premises, inventory, receivables, and cash, balanced against claims of £31,930 including capital, payables, accruals, and an overdraft. The income statement indicates revenues of £55,347, costs of £29,848, and expenses of £15,439, resulting in a net profit of £14,509 for the year. The updated balance sheet lists fixed assets of £18,791 including premises, current assets of £15,439, current liabilities of £9,509, and a non-current loan of £6,000, with capital increased by the net profit less withdrawals of £286.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    9 views2 pages

    Income Statement

    Uploaded by

    dop_monti
    The balance sheet shows assets of £33,859 including premises, inventory, receivables, and cash, balanced against claims of £31,930 including capital, payables, accruals, and an overdraft. The income statement indicates revenues of £55,347, costs of £29,848, and expenses of £15,439, resulting in a net profit of £14,509 for the year. The updated balance sheet lists fixed assets of £18,791 including premises, current assets of £15,439, current liabilities of £9,509, and a non-current loan of £6,000, with capital increased by the net profit less withdrawals of £286.

    Copyright:

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    Download as PDF, TXT or read online from Scribd
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    of 2

    Balance sheet

    Assets
    Premises
    Investories
    Trade receivables
    Cash

    Claims
    18,791.00 Capital
    12,325.00 Trade payables
    2,743.00 Accurals
    Overdraft

    26,000.00
    3,351.00

    162.00
    2,417.00

    total

    33,859.00 total

    31,930.00

    Income statement

    Sales revenue
    Less Cost of Sales
    Gross profit
    Less
    Loan repayments
    Interest on loan
    Insurance
    Other
    Rates
    Electricity
    Bad debts
    Depreciation

    55,347.00
    29,848.00
    25,499.00

    10,990.00
    14,509.00

    3,000.00
    900.00
    1,965.00
    1,308.00
    1,280.00
    748.00
    800.00
    989.00

    total
    Net profit for the year

    Balance sheet
    Fixed assets
    Premises

    18,791.00

    Current assets
    Investories
    Trade receivables
    Cash
    total

    12,325.00
    2,743.00

    371.00

    Current Liabilities
    Trade payables
    Accurals
    Overdraft
    total

    15,439.00

    5,930.00

    3,351.00
    162.00
    2,417.00

    9,509.00

    Non-Current Liabilities
    Loan

    6,000.00

    Net Profit
    Financed by
    Capital
    Profit/Loss
    Less Withdrawings

    22,300.00

    26,000.00
    14,509.00
    18,495.00
    22,014.00

    286.00

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