Professional Documents
Culture Documents
Financial Statements
Financial Statements
Financial Statements
Total 442800
2 Expenses
( c) Cost of consumed goods 3 -147420
(d) Gross Profit 295380
( e) Finance costs 4 260
(f) Emplyoee benefits 5 1000
(g) Other expeses 6 4309
(h) Profit before tax 289811
(i) Provision for taxation @ 40% -115924
(i) Net Profit 173887
Current liabilities
(d) Trade Payable 8 116100
(e ) other liabilities 9 1000
(f) Provision for taxation @40% 115924
Total 641911
2 Assets
(a) Fixed assets
Furniture 2700
(b) Current assets
Prepaid Rent 6 7455
Inventories 10 22416
Cash and cash equivalents 11 609340
Total 641911