The Pineapple Pub

Preparing Simple Financial Statements

Scene 99 / of 100

The Financial Statements

The completed financial statements prepared at the end of the first period of trading.
Income from Sales:    
   Sales 47000  
   Net Sales:
 		   47000
Cost of Sales:    
   Purchases 6000  
   Closing Stock 5000  
   Total Cost of Sales:
 		   1000
GROSS PROFIT:   46000
Other Income:    
   Rent Receivable 4000  
   Total Other Income:
 		   4000
Expenses:    
   Discount Allowed 200  
   Energy Expenses 3500  
   Leasing Expenses 3500  
   Rent Payable 20000  
   Wages 11000  
   Total expenses:
 		   38200
NET PROFIT / (LOSS):   11800
ASSETS:    
Non-current Assets (fixed):    
   Furniture 18000  
   Total Non-current Assets:
 		   18000
Current Assets:    
   Bank 40600  
   Debtor - Hampstead Heath Party Hire 0  
   Closing Stock 5000  
   Total Current Assets:
 		   45600
TOTAL ASSETS:   63600
LIABILITIES:    
Capital:    
   Capital 40000  
   Drawings 4200  
   Profit 11800  
   Total Closing Capital:
 		   47600
Non-current Liabilities:    
   Total Non-current Liabilities:
 		   0
Current Liabilities:    
   Creditor - Flash Sales Limited 10000  
   Creditor - Kensington Supplies Limted 6000  
   Total Current Liabilities:
 		   16000
TOTAL LIABILITIES:   63600



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