CASH 60000 25000 -2500 -16500

CAPITAL 60000
LOAN 25000 -14000
RENT 2500
SALARIES 16500
COMPUTER 40000
CREDITOR FOR COMPUTER 40000 -15000
SUPPLIES 3900 -710 620 1410
CREDITORS FOR SUPPLIES (GUPTA) 3900 -710 620 -3810
REVENUE FROM SERVICES 29200 19400
DEBTORS 29200 -14100 19400 -7100
UNEARNED REVENUE 9800
INTEREST EXPENSE 340
ELECTRICITY 450
SUPPLY EXPENSES 1410
OUTSTANDING ELECTRICITY BILL 450

INCOME STATEMENT
REVENUE FROM SERVICES 48600
LESS: EXPENSES
SALARIES 16500
SUPPL. EXP 1410
ELECTRICITY 450
RENT 2500
INTEREST 340 21200
NET INCOME 27400

BALANCE SHEET
ASSETS
COMPUTER 40000
SUPPLIES 2400
DEBTORS 27400
CASH 63850 133650

LIABILITIES
LOAN 11000
CREDITORS FOR COMPUTER 25000
OS.ELE.BILL 450
UNEARNED REVENUE 9800 46250

EQUITY
SHARE CAPITAL 60000
RESERVES AND SURPLUS 27400 87400

TOTAL LIABILITIES AND EQUITY 133650

 -15000 14100 9800 7100 -14000

CASH FLOW STATEMENT (INDIRECT METHOD) CASH FLOW STATEMNT (DIRECT ME

A
NET INCOME 27400
ADD:NON CASH AND NON OPERATING EXPENSES
INTEREST 340
LESS: NON CASH AND NON OPERATING INCOMES 0

OPERATING PROFIT BEFORE WC CHANGES 27740

ADD: INCREASE IN CL AND DECREASE IN CA
INCREAE IN OS. ELE.BILL 450
UNEARNED REVENUE 9800 10250 B

LESS: DECREASE IN CL AND INCREASE IN CA

INCREASE IN DEBTORS 27400 C
INCREASE IN SUPPLIES 2400 -29800

CASH FLOWS FROM OPERATING ACTIVITIES 8190

CASH FOWS FROM INVESTING ACTIVITIES

PURCHASE OF COMPUTER -15000
CASH USED IN INVESTING ACTIVITIES -15000

CASH FLOWS FROM FINANCING ACTIVITIES

PROCEEDS FROM SHARE CAPTIAL 60000
PROCEEDS FROM BANK LOAN 11000
INTEREST PAID -340
CASH FLOWS FROM FINANCING ACTIVITIES 70660
NET INCREASE IN CASH AND CASH EQUIVALENTS 63850
OPENING BALANCE 0
CLOSING BALANCE 63850
 -340 -3810 63850
60000
11000
2500
16500
40000
25000
2400
0
48600
27400
9800
340
450

1410 450
154850 154850 0

CASH FLOW STATEMNT (DIRECT METHOD)

CASH RECEIVED FROM DEBTORS
OPENING DEBTORS 0
SALES DURING THE YEAR 48600
(29200+19400)
UNEARNED REVENUE 9800
58400
LESS: CLOSING DEBTORS 27400
CASH RECEIVED FROM DEBTORS 31000

CASH PAID TO SUPPLIERS

CASH PAID TO GUPTA -3810

CASH PAID TO EMPLOYEES

SALARIES -16500
RENT -2500

CASH PAID TO SUPPLIERS AND EMPLOYEES -22810

CASH FLOWS FROM OPERATING ACTIVITIES 8190