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    Book 1

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    FONCY BUYAN
    The document contains financial statements for June including a balance sheet, income statement, and cash flow statement. The balance sheet shows total assets of PHP 1,215,000 consisting of current assets of PHP 115,000 and non-current assets of PHP 1,100,000 against total liabilities of PHP 1,035,000 and equity of PHP 180,000. The income statement reveals total revenue of PHP 290,000, total costs of PHP 135,000, operating expenses of PHP 75,000 resulting in a net income of PHP 80,000. The cash flow statement indicates a net cash flow of PHP 60,000 with PHP 20,000 in cash on hand and PHP 40,000 in the bank.

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    Book 1

    Uploaded by

    FONCY BUYAN
    6 views4 pages
    The document contains financial statements for June including a balance sheet, income statement, and cash flow statement. The balance sheet shows total assets of PHP 1,215,000 consisting of current assets of PHP 115,000 and non-current assets of PHP 1,100,000 against total liabilities of PHP 1,035,000 and equity of PHP 180,000. The income statement reveals total revenue of PHP 290,000, total costs of PHP 135,000, operating expenses of PHP 75,000 resulting in a net income of PHP 80,000. The cash flow statement indicates a net cash flow of PHP 60,000 with PHP 20,000 in cash on hand and PHP 40,000 in the bank.

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    The document contains financial statements for June including a balance sheet, income statement, and cash flow statement. The balance sheet shows total assets of PHP 1,215,000 consisting of current assets of PHP 115,000 and non-current assets of PHP 1,100,000 against total liabilities of PHP 1,035,000 and equity of PHP 180,000. The income statement reveals total revenue of PHP 290,000, total costs of PHP 135,000, operating expenses of PHP 75,000 resulting in a net income of PHP 80,000. The cash flow statement indicates a net cash flow of PHP 60,000 with PHP 20,000 in cash on hand and PHP 40,000 in the bank.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    6 views4 pages

    Book 1

    Uploaded by

    FONCY BUYAN
    The document contains financial statements for June including a balance sheet, income statement, and cash flow statement. The balance sheet shows total assets of PHP 1,215,000 consisting of current assets of PHP 115,000 and non-current assets of PHP 1,100,000 against total liabilities of PHP 1,035,000 and equity of PHP 180,000. The income statement reveals total revenue of PHP 290,000, total costs of PHP 135,000, operating expenses of PHP 75,000 resulting in a net income of PHP 80,000. The cash flow statement indicates a net cash flow of PHP 60,000 with PHP 20,000 in cash on hand and PHP 40,000 in the bank.

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    of 4

    Financial Statements JUNE

    BALANCE SHEET(ASSSETS)
    CURRENT ASSESTS
    Cash Php 60,000.00
    Accounts Recievable Php 10,000.00
    Inventory Php 30,000.00
    Allowance for doubtful accounts Php 5,000.00
    Prepaid Expenses Php 10,000.00
    TOTAL Php 115,000.00
    NON-CURRENT ASSESTS
    Land Php 1,000,000.00
    Long term Investment Php 100,000.00
    TOTAL Php 1,100,000.00
    TOTAL ASSETS Php 1,215,000.00
    LIABILITIES
    CURRENT LIABILITIES
    Accounts Payable Php 105,000.00
    Promissory Note Payable- 1 years Php 100,000.00
    Php 205,000.00
    NON-CURRENT LIABILITIES
    Promissory Note Payable- 5 years Php 500,000.00
    Bank Loan Php 330,000.00
    TOTAL NON-CURRENT LIABILITIES Php 830,000.00
    TOTAL LIABILITIES Php 1,035,000.00
    EQUITY
    Capital Php 100,000.00
    Retained Earnings Php 80,000.00
    TOTAL Php 180,000.00
    TOTAL LIABILITIES AND OWNERS EQUITY Php 1,215,000.00
    INCOME STATEMENTS
    SERVICE REVENUE
    Sales Php 230,000.00
    Additional income Php 60,000.00
    TOTAL Php 290,000.00
    LESS
    Direct Materials Php 60,000.00
    Manufacturing Overhead Php 40,000.00
    Direct Labor Php 35,000.00
    TOTAL VARIABLE COST Php 135,000.00
    GROSS PROFIT Php 155,000.00
    OPERATING EXPENSES
    Other Expenses Php 5,000.00
    Office Expenses Php 10,000.00
    Utility Expenses Php 15,000.00
    Transportation Expenses Php 15,000.00
    Rent Expenses Php 30,000.00
    TOTAL EXPENSES Php 75,000.00
    NET INCOME LOSS Php 80,000.00
    CASH FLOW STATEMENTS
    FOR THE MONTH ENDED JULY
    CASH INFLOW
    Sales Php 230,000.00
    Additional income Php 60,000.00
    Accounts Recievable
    Inventory
    TOTAL CASH FLOW
    CASH OUTFLOW
    Accounts Payable
    Total variable cost Php 135,000.00
    Total Operating expenses Php 75,000.00
    Total Cash outflow
    Net Cash Flow
    Cash flow, Beginning
    Cash Flow, Ending Php 60,000.00

    Cash on hand Php 20,000.00


    Cash on bank Php 40,000.00
    Total Php 60,000.00
    JULY

    Php 180,000.00
    Php 15,000.00
    Php 25,000.00
    Php 5,000.00
    Php 10,000.00
    Php 235,000.00

    Php 1,000,000.00
    Php 100,000.00
    Php 1,100,000.00
    Php 1,335,000.00

    Php 105,000.00
    Php 100,000.00
    Php 205,000.00

    Php 500,000.00
    Php 330,000.00
    Php 830,000.00
    Php 1,035,000.00

    Php 180,000.00
    Php 145,000.00 O
    Php 325,000.00
    Php 1,360,000.00

    Php 220,000.00
    Php 120,000.00
    Php 340,000.00

    Php 60,000.00
    Php 25,000.00
    Php 35,000.00
    Php 120,000.00
    Php 220,000.00

    Php 5,000.00
    Php 5,000.00
    Php 10,000.00
    Php 10,000.00
    Php 30,000.00
    Php 60,000.00
    Php 160,000.00

    Php 220,000.00
    Php 60,000.00

    Php 120,000.00
    Php 60,000.00

    Php 180,000.00

    Php 45,000.00
    Php 135,000.00
    Php 180,000.00

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