Balance Sheet as on 31st August 2004
Asset Amount Liabilities Amount Equity Amount
Cash in Bank Loan Owner's Equity
Opening Balance 12000 Opening Balance 20000 Opening Balance 30000
Office Supplies
Opening Balance 5000
Equipment and Software
Opening Balance 27000
Prepaid Rent
Opening Balance 6000
Total 50000 20000 30000
Income statement for the two
months ending on 31st Aug.
2004
Particular Amount
Balance Sheet as on 31st August 2004
Asset Amount Liabilities Amount Equity
Cash in Bank Loan Owner's Equity
Opening Balance 12000 Opening Balance 20000 Opening Balance
Add: Cash Sale 40000 Outstanding Interest 200 Add: profit for the year
Less: Purchase of Supplies 900
Less: Rent Paid 6000
Less: Salaries Paid 33000
Less: Equipement Purchased 5500
Cash in Hand at end 6600
Office Supplies Creditors 5500
Opening Balance 5000 (for purchasing Equipment)
Add: Purchases 900
supplies consumed 1700
Closing Balance 4200
Equipment and Software
Opening Balance 27000
Add: Pruchase of Equipment 11000
Less: Accumulated Depreciation 1500
Closing Balance 36500
Prepaid Rent
Opening Balance 6000
(security and September)
Debtors 7000
Total 60300 25700
Income statement for the two months ending
on 31st Aug. 2004
Amount Particular Amount
Sales
30000 Cash Sale 40000
4600 Credit Sale 7000
Total Sales 47000
Supplies Consumed 1700
Rent (July and August) 6000
Salaries Paid 33000
Interst 200
Depreciation
Old Equipments 1500
Total Expenses 42400
Profit for the Year 4600
34600
Cash Flow statement for the two months ending
on 31st Aug. 2004
Particular Amount
Cash Flow From Operting Activities
Received From Client 40000
Purchase supplies -900
Rent Paid -6000
Salaries Paid -33000
Net Cash Flow from Operating Act. 100
Cash Flow From Investing Activities
Purchase of New Equipment -5500
Net Cash Flow from Operating Act. -5500
Cash Flow From Financing Activities 0
Total Cash Flow -5400
Add: Opening Balance 12000
Closing Balance of Cash 6600
Balance Sheet as on July 02, 2004
Sources of Funds Amount
Loan 20,000
Maria's Equity 30,000
50,000
Bank Account (from July 02 to August 31, 2004
Receipts
Opening Balance 12,000
Sales 40,000
52,000
cash balnce decreased by
Income Statement (for the period from July 02 to August 31, 2004
Revenue
Expenses:
Rent
Office Supplies
Salaries
Interest
Depreciation
Profit for the period
Balance Sheet as on August 31, 2004
Sources of Funds Amount
Loan 20,000
Interest on Loan 200
Maria's Equity 30,000
Retained Profit 4,600
Creditors (Account Payable) 5,500
60,300
Cash-flow Statement (Method I)
Opening Cash Balance
Cashflow from Operatios:
Received from Clients
Rent paid
Supplies Purchased
Salaries
Cashflow from Inveting:
Purchase equipment/software
Cashflow from Financing
Equity
Loan
Change in Cash
Closing cash Balance
Cash-flow Statement (MethodII)
Opening Cash Balance
Cashflow from Operatios:
Profit
Non cash Exp (Depreciation)
Cash Profit
Changes in Current Assets:
Office supplies -800
Prepaid Rent -
Account Receivables 7,000
Change in Current Liability:
Account Payables
Interest Charges 200
Cashflow from Inveting:
Purchase equipment/software
Cashflow from Financing
Equity
Loan
Change in Cash
Closing cash Balance
eet as on July 02, 2004
Applications of Funds Amount
Cash at Bank 12,000
Office Supplies 5,000
Equipments ans Software 27,000
Prepaid Rent 6,000
50,000
m July 02 to August 31, 2004
Payment
Office Supplies 900
Rent Paid 6,000
Utility, Repair and Salaries 33,000
Software 5,500
Closing Balance 6,600
52,000
5,400
r the period from July 02 to August 31, 2004)
47,000
6,000
1,700
33,000
200
1500 42,400
4,600
t as on August 31, 2004
Applications of Funds Amount
Cash at Bank 6,600
Office Supplies 4,200
Equipments ans Software 36,500
Prepaid Rent 6,000
Account Receivable 7,000
60,300
Statement (Method I)
12,000
40,000
-6,000
-900
-33,000 100
-5,500 -5,500
-
- -
-5400
6,600
Statement (MethodII)
12,000
4,600
1,500
6,100
6,200
-100
200 100
-5,500 -5,500
-
- -
-5,400
6,600