Scribd Logo
Upload

Welcome to Scribd!

  • COST

    Uploaded by

    Alex Ortiz
    10 views5 pages
    The balance sheet shows the company has current assets of P500,000 including P450,000 in cash and P50,000 in inventory, and non-current assets of P70,000 minus accumulated depreciation. Total assets are P570,000 which equals total owner's equity of P570,000 consisting solely of the owner's initial capital. Pre-operating expenses totaled P308,150 which were funded by P420,000 from the owner's equity of P570,000 and a P150,000 loan. After expenses, P111,850 remained in cash.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    RTF, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The balance sheet shows the company has current assets of P500,000 including P450,000 in cash and P50,000 in inventory, and non-current assets of P70,000 minus accumulated depreciation. Total assets are P570,000 which equals total owner's equity of P570,000 consisting solely of the owner's initial capital. Pre-operating expenses totaled P308,150 which were funded by P420,000 from the owner's equity of P570,000 and a P150,000 loan. After expenses, P111,850 remained in cash.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as rtf, pdf, or txt
    10 views5 pages

    COST

    Uploaded by

    Alex Ortiz
    The balance sheet shows the company has current assets of P500,000 including P450,000 in cash and P50,000 in inventory, and non-current assets of P70,000 minus accumulated depreciation. Total assets are P570,000 which equals total owner's equity of P570,000 consisting solely of the owner's initial capital. Pre-operating expenses totaled P308,150 which were funded by P420,000 from the owner's equity of P570,000 and a P150,000 loan. After expenses, P111,850 remained in cash.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as rtf, pdf, or txt
    of 5

    BALANCE SHEET

    Start-up Expenses

    Amount

    Current Assets

    ---

    Cash

    P450,000

    Inventory

    P50,000

    Total Current Assets

    P500,000

    Non-current Assets

    ---

    Miscellaneous

    P70,000

    Less: Accumulated Depreciation

    ---

    Total Non-current Assets

    P70,000

    Total Assets

    P570,000

    Current Liabilities

    ---

    Salaries and Wages

    ---
    Tax Payable

    ---

    Total Liabilities

    ---

    Owner's Equity

    ---

    Capital

    P570,000

    Net Income

    ---

    Total Owner's Equity

    P570,000

    Total Liabilities and Owner's Equity

    P570,000

    PRE-OPERATING EXPENSES

    Licenses, Permits, and Registration

    Type of Business Permit

    Fees

    Transportation Expenses

    Total

    Barangay Certificate
    P500

    P50

    P550

    Bus. Permit (LGU)

    P2,000

    P50

    P2,050

    BIR Certificate

    P500

    P50

    P550

    Total

    P3,000

    P150

    P3,150

    Total Licenses, Permits, and Registration

    P3,150

    Labor

    P175,000

    Sales Promotion

    P30,000

    Trial Product Runs


    P100,000

    Total Pre-Operating Expenses

    P308,150

    SOURCES OF REVENUE

    Sources

    Amount

    Owner's Equity

    P570,000

    Loan

    P150,000

    Total

    P420,000

    CASH FLOW

    Total Revenue

    P420,000

    Pre – Operating Expense

    P308,150

    Total
    P111,850

    You might also like