CR | DR |
---|---|
Creditors (+) | Retained Earnings (-) |
Original dividends paid: | |
---|---|
Original net income: | |
Dividends payable: |
Balance Sheet Original
ASSETS | |
Current Assets | 1679483 |
Bank | 1618983 |
Debtors and Prepayments | 60500 |
Other Current Assets (Stock) | 0 |
Fixed Assets | 24200 |
TOTAL Assets | 1703683 |
LIABILITIES | |
Current Liabilities | 588660 |
Creditors | 400000 |
Accruals | 188660 |
Long Term Liabilities | 0 |
Long Term Loan | 0 |
Ending Equity | 1115023 |
Shareholders' Equity | 760383 |
Income Statement | 354640 |
TOTAL Liabilities + Equity + Retained Earnings | 1703683 |
A. Income | |
Sale of Licences | 3480000 |
Software Maintenance after Warranty, Recurrent Licencing Fees, Ongoing Technical Support | 590000 |
Unearned income | 60500 |
Currency Gains | 0 |
Cost of Goods Sold (Purchase of Licences for Resale) | -2436000 |
TOTAL INCOME: | 1694500 |
B. Expenses | |
Software Upgrading | 50000 |
Web Site Development | 20000 |
Web Maintenance | 36000 |
Technical Support | 24000 |
Marketing | 36000 |
Staff Salaries | 115200 |
Consultancy and Accountancy | 72000 |
Office Costs | 43200 |
General Costs | 90800 |
Inventory Expense | 264000 |
Interest on loan | 0 |
Currency Losses | 0 |
TOTAL EXPENDITURE: | 751200 |
Profit (Loss) from Operations | |
Corporate Tax | -188660 |
Dividends Paid | -400000 |
Net Profit (Loss): | 354640 |
Balance Sheet New
ASSETS | |
Current Assets | |
Bank | |
Debtors and Prepayments | |
Other Current Assets (Stock) | |
Fixed Assets | |
TOTAL Assets | |
LIABILITIES | |
Current Liabilities | |
Creditors | |
Accruals | |
Long Term Liabilities | |
Long Term Loan | |
Ending Equity | |
Shareholders' Equity | |
Income Statement | |
TOTAL Liabilities + Equity + Retained Earnings |
A. Income | |
Sale of Licences | |
Software Maintenance after Warranty, Recurrent Licencing Fees, Ongoing Technical Support | |
Unearned income | |
Currency Gains | |
Cost of Goods Sold (Purchase of Licences for Resale) | |
TOTAL INCOME: | |
B. Expenses | |
Software Upgrading | |
Web Site Development | |
Web Maintenance | |
Technical Support | |
Marketing | |
Staff Salaries | |
Consultancy and Accountancy | |
Office Costs | |
General Costs | |
Inventory Expense | |
Interest on loan | |
Currency Losses | |
TOTAL EXPENDITURE: | |
Profit (Loss) from Operations | |
Corporate Tax | |
Dividends Paid | |
Net Profit (Loss): |