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Statement of Financial Posit

Assets
Current Assets
Cash
Accounts Receivable
Non Current Assets
Furniture
Accumulated depreciation
Equipment
Accumulated depreciation
Building
Total Assets
Liabilities and Owner's Equity
Current Liabilities
Accounts Payable
Non Current Liabilities
Bank loan
Total Liabilities
Owner's equity
Retained earnings
Capital

ment of Financial Position for the year ended 30 June 2013

12000
(4800)
35000
(10500)

7200
24500
45750

Income Statement
Sales
Cost of goods sold

Expenses
Insurance
Advertising
Wages and salaries
Depreciation expense - Equipment
-Furniture
Net profit Before Tax
Income tax expense
Net profit After Tax

me Statement
93000
(37500)

10000
4500
25000
3500
1200

55000

(44200)
11300
(3390)
7910

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