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Balance Sheet and Income Statement - DOC - DOC

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									              Balance Sheet for the period ending … / … / ……


Assets

      Current Assets

                                            1
      Non Current (Fixed) Assets


      Intangible Assets


                                                      ______________

      Total Assets

Liabilities

      Current Liabilities

                                            2
      Non Current (Long Term) Liabilities


                                                      ______________

      NET Assets                                  $
                                                      =============

Owners Equity
      Capital Contribution                  3
      Drawings

      Retained Earnings (from Income Statement)

                                                      ______________

      Total Equity                                $
                                                      =============
  Income Statement for the period 1st July _ _ to the 30th June _ _
Revenue

                                             4
                                                                ______________
       Total Income

Less Cost of Sales:

                                             5
       Opening Inventory
       Plus Purchases
               Freight Inwards
               Customs Duty          _______________
       Goods available for Sale
       Less Closing Inventory                                   ______________

       Gross Profit from Trading

Less Expenses;

                                             6
      Marketing


      Administrative


      Financial

                                                                ______________

       Net Profit from Trading


Plus Other Income                            8
Less Other Expenses

                                             9                  ______________


       Net Profit      (transferred to Retained Earnings)   $

								
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