Plz Help URGENT! (1 Viewer)

[DarkPrince_87]

ok well this is gonna be a long thread for my 1st one...lol
i really really need help with understanding revenue statements.
can anyone tell me how to write a revenue statement and a balance sheet for the following, ne help will b greatly appreciated...thanks.

Admin xpenses 84000
Account payable 200000
Account recievable 200000
Cash 40000
Cost of goods sold 800000
current assets 504000
current liabilities 254000
Delivery vans 0
equipment 350000
finance xpenses 30000
goodwill 100000
gross profit 400000
inventoruy 104000
investments 150000
long term loan 4 equipment 260000
long term loan for vans 0
net profit 36000
non current assets 550000
non current liabilities 260000
overdraft 54000
retained profits 140000
sales revenue 1200000
selling xpenses 250000
share capital 300000
total assets 954000
total liabilities 514000
total owners equity 440000
total liabilities plus owners equity 954000

ne help would b appreciated...thank you

 

[elissa]

Balance sheets use Assests & Liabilities - & also owners equity
Revenue statments use Revenue & expenses
Um, i'll have a look at the figures tonight and post tomorrow
and im will also have more info about balance sheets & revenue statements
In yr 11 i did accounting - so i might know this stuff a bit better than others.

 

[elissa]

Info attached

Hey, I had a look at the figures and wrote up some info and a balance sheet & revenue statement (which should be attached).

 

[DarkPrince_87]

thanks alot for that