Basic 3-Statement Model

Last year, you started a new business. Following are the activities undertaken during the previous year
1 You invested ₹1,00,000 in the business
2 Borrowed ₹2,00,000 from a bank at 10% p.a. rate of interest and annual repayment of ₹25,000
3 Purchased Machinery & Equipment worth ₹1,50,000, depreciable @ 10% every year using SLM
4 You made Sales worth ₹1,20,000 of which 60% has been collected
5 Bagged a new order for ₹1,50,000 for which received 10% of the order value in advance
6 Cost of Goods Sold was ₹40,000 of which 30% is due
7 Other expenses including marketing and utilities were for ₹30,000. ₹5,000 is due to be paid
8 In addition, paid ₹12,000 in advance towards rent
9 The Tax rate for the year was at 25%
10 If feasible, 20% of PAT was to be distributed as Dividends
en during the previous year :

payment of ₹25,000
very year using SLM

ue in advance

s due to be paid
Income Statement (P&L) Balance Sheet
EQUITY ASSETS
Non-Current Assets

Current Assets
LIABILITIES

Taxes

PAT

Dividends

Retained Earnings Equity + Liabilities Total Assets

 Cash flow Statement Working Notes
Cash flows from Operating Activities Owner's Equity
Advance Received
Advance Paid

Loan
Beginning Value
Interest
Repayment
Cash flows from Investing Activities Ending Value

Machinery & Equipment

Beginning Value
Depreciation
Cash flows from Financing Activities Ending Value

Receivables
Beginning Value
Sales
Collection
Receivables

Net Cash flows for the Year Payables (COGS)

Opening Cash Balance Beginning Value
Net Cash Balance COGS
COGS Due
Other Expenses
Other Exp. Due
Total Payable

Non - Cash Working Capital

Changes in Non-Cash Current Assets
Changes in Current Liabilities
Changes in Working Capital