How To Prepare Balance Sheet& Cashflow Statement

 |  |  |  |  | | | | | | | | Bud shrink Balance Sheet April 30 2011|  |  |  |  | | | | | | | |  | $ | $ |  |  | bankers bill 1|  |  |  |  |  |  | Non- legitimate Assets|  |  |  |  | | | $ | | | | | quick-frozen Assets| 84.300 |  | catch out shade 1|  | | Fixed Assets eternal sleep b/f| 80.900 | | | | | Total Non-Current Assets|  | 84.300 |  |  | | Acc. dispraise| (12.900)| | | | |  |  |  |  |  | | Capital expending| 16.900 | | | | |  |  |  |  |  | | April Depreciation expense| (600)| | | | |  |  |  |  |  | | Fixed Assets relief c/f| 84.300 | | | | | Current Assets|  |  |  |  | | | | | | | | capital| 85.600 |  | stop notes flow avouchment|  | Note 2|  |  |  |  |  |  | Inventory| 22.000 |  | See Note 2|  | | Inventory closing balance = spread balance + Purchases - cost of goods sold| Debtors| 33.600 |  | See Note 3|  | | | | | | | | Total Current Assets|  | 141.200 |  |  | | | $ | | | | |  |  |  |  |  | | Inventory balance b/f| 11.800 | | | | | Total Assets|  | 225.500 |  |  | | Cash purchases| 10.

800 | | | | |  |  |  |  |  | | Credit purchases| 37.200 | | | | | Creditors dropping due in one twelvemonth|  |  |  |  | | Cost of goods sold| (37.800)| 45% of gross sales ($84,000) | |  |  |  |  |  | | Inventory balance c/f| 22.000 | | | | | Trade Creditors| 18.600 |  | See Note 4|  | | | | | | | | Income Tax Liability| 19.800 |  | See Note 5|  | Note 3|   |  |  |  |  |  | Total Current Liabil! ities|  | 38.400 |  |  | | 60% of $84,000 sales in cash, 40% on credit (20% tranquil in April, 20% in May)|  |  |  |  |  | | Assumption is all sales belong to the fiscal year in which they were made| Creditors falling due later one year|  |  |  |  | | |...If you want to get a fully essay, order it on our website: BestEssayCheap.com

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