How To Prepare Balance Sheet& Cashflow Statement

 |  |  |  |  | | | | | | | | Bud submit Balance sheet April 30 2011|  |  |  |  | | | | | | | |  | $ | $ |  |  | bankers bill 1|  |  |  |  |  |  | Non- legitimate Assets|  |  |  |  | | | $ | | | | | restore Assets| 84.300 |  | bewitch throwaway 1|  | | Fixed Assets eternal sleep b/f| 80.900 | | | | | Total Non- up-to-the-minute Assets|  | 84.300 |  |  | | Acc. wear and tear| (12.900)| | | | |  |  |  |  |  | | Capital expending| 16.900 | | | | |  |  |  |  |  | | April disparagement expense| (600)| | | | |  |  |  |  |  | | Fixed Assets sleep c/f| 84.300 | | | | | Current Assets|  |  |  |  | | | | | | | | capital| 85.600 |  | verify immediate payment flow avouchment|  | tag 2|  |  |  |  |  |  | archive| 22.000 |  | shape Note 2|  | | stock list closing balance = fountain balance + Purchases - cost of goods sell| 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 | | | | |  |  |  |  |  | | belief purchases| 37.200 | | | | | Creditors go due in peerless twelvemonth|  |  |  |  | | apostrophize 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 taxation Liability| 19.800 |  | See Note 5|  | Note 3|  |  |  |  |  |  | Total Current Liabilities|  | 38.400 |  |  | | 60% of $84,000 sales in cash, 40% on credit (20% gathered in April, 20% in May)|  |  |  |  |  | | Assumption is all sales belong to the fiscal form in which they were made| Creditors falling due later one year|  |  |  |  | | |...If you want to get a fully essay, fix it on our website: Orderessay

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