Balance Sheet (April) Income Statement Cash flow statement

Capital 105000 Equip 12000 Sales 12000 Inflows Capital 100000

re -62250 office 45000 Mat consumed 2500 Loan 75000
Loan 75000 Oven 35000 Gross Profit 9500 Sales 12000
Crs - Eq 45000 Van 40000 Adv 20000
Salary Paya 35000 Inventory 45500 Rent 15000 207000
Adv 20000 Deposit 40000 Salary - Archie 10000 Outflows Deposit -40000
Crs - mat 40000 Cash 40250 Utility 6000 Oven -35000
Interest 750 Rent -15000
257750 257750 Reg Exp 5000 Inventory -8000
Salary - Vishy 35000 Salary - Archie -10000
Net Profit -62250 Interest -750
retained earnings Van&tools -52000
opening 0 Utility -6000
earnings fo -62250 -166750
appropriat 0 Closing Balance 40250
closing -62250
Balance Sheet (May) Income Statement Cash flow statement
Capital Equip Sales Opening Balance 40250
NP Oven Mat consumed Inflows Sales 135000
Loan Van Gross Profit 0 175250
Crs - Eq Inventory
Salary - self Deposit Rent Outflows Rent 15000
Adv Cash Salary - Archie Utilities 15000
Crs - mat Utility Interest 750
Interest Salary - Archie 15000
0 0 Salary - self (for May) sal (Vishy) 60000
Net Profit 0 Crs - Eq
Existing Acc Profit -62250 Crs - Mat
Closing Balance 69500
Retained Earnings -62250
 Assets Liabilities Equity
Sr Transaction Cash Current Non-Curr Current Non-Curr Capital Income
0 End of Last period
1 Reg 5000
2 Cap 100000 100000
3 Loan 75000 75000
4 Deposit -40000 40000
4 Adv Rent -15000 15000
5 Oven -35000 35000
6 Loose Tools -12000 12000
7 Inventory -8000 8000
8 Office Equip 45000 45000
9 Hiring Archie
10 Hiring Vishy
11 Delivary Van -40000 40000
12 Sales/Revenue 12000 12000
12 Inv Consumed -2500
13 Adv from Cust 20000 20000
14 Inventory 40000 40000
15 Utilities -6000
15 Salary - Archie -10000
15 Salary - Vishy 35000
15 Interest -750
15 Rent -15000
Total 40250 45500 172000 140000 75000 105000 12000

Capital 105000 NC Assets 172000

RE -62250 42750
NC Liab 75000 Curr Assets 45500
Curr Liab 140000 Cash 40250
257750 257750

Overstating Assets and Equity by 5000

Any Expenditure - Default interpretation (Expense); Evidence (Asset)
 Check Check Check Check
Expense Assets Liabilities Equity Overall
0
5000 0 0 0 0
100000 0 100000 0
75000 75000 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
45000 45000 0 0
0 0 0 0
0 0 0 0
0 0 0 0
12000 0 12000 0
2500 -2500 0 -2500 0
20000 20000 0 0
40000 40000 0 0
6000 -6000 0 -6000 0
10000 -10000 0 -10000 0
35000 0 35000 -35000 0
750 -750 0 -750 0
15000 -15000 0 -15000 0
74250

Opening po 0
inflow 207000
outflow -166750
closing pos 40250

vidence (Asset)