Question
Draw a cash flow for the next three years using the following details. Freshies Ltd Profit and Loss Statement 2021 2022 2023 RS RS RS
Draw a cash flow for the next three years using the following details.
| Freshies Ltd | |||
| Profit and Loss Statement | |||
|
| 2021 | 2022 | 2023 |
|
| RS | RS | RS |
| Revenue | 500,000 | 425,000 | 400,000 |
| Less sales return | 5,000 | 2,000 | 8,000 |
| Less cost of sales | 325,000 | 220,000 | 180,000 |
| Gross income | 170,000 | 203,000 | 212,000 |
| Less Operating income |
|
|
|
| Selling expenses | 14,000 | 17,000 | 8,000 |
| Transportation expenses | 8,000 | 8,000 | 6,000 |
| Other expenses | 5,000 | 5,000 | 5,000 |
| Abnormal loss | 2,000 | 1,800 | 1,600 |
| Packaging expenses | 25,000 | 24,000 | 20,000 |
| Operating Income | 116,000 | 147,200 | 171,400 |
| Less interest expenses | 1,800 | 1,800 | 1,800 |
| Earnings before tax | 114,200 | 145,400 | 169,600 |
| Less Income tax expenses | 17,130 | 21,810 | 25,440 |
| Net Income | 97,070 | 123,590 | 144,160 |
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Dare To Be Different An Auditors Personal Guide To Excellence
Authors: Daniel Clark
1st Edition
1490772405, 978-1490772400
