make comparison Kak Ta Sime Darby restaurant and Kedai Cendol Abdul Muttalib restaurant (income statement and balance sheet)

Restaurant Kak Ta Sime Darby

Income Statement

January 31, 2020

Revenue :
Food sales	RM 40 500
Catering	RM 21 000
Events	RM 16 000
Delivery Charge	RM 2 500	RM 80 000
Less : operating expenses
Rent/ lease	RM 3 000
Insurance	RM 2 500
Utilities expenses	RM 7 800
Wage expenses	RM 11 000
Supplies expenses	RM 25 000	(RM 49 300)
Operating income		RM 30 700
Less : other expenses
Charity		(RM 1 000)
Net income		RM 29 700

Restaurant Kak Ta Sime Darby

Balance Sheet

January 31, 2020

Current Assets :
Cash on hand	RM 5 500
Cash in the bank	RM 30 000
Account Receivable	RM 5 000
Inventory	RM 6 000	RM 46 500
Non-current assets:
Vehicles	RM 20 000
Kitchen Equipment	RM 15 000	RM 35 000
Total assets		RM 81 500
Liability:
Current liabilities:
Account payable	RM 2 000
Sales tax	RM 1 500
Income tax	RM 2 500	RM 5 500
Non-current liabilities:
Loan-term loan		RM 100 000
Owners Equity		RM 5 000
Total Liabilities and Equity		RM 110 500

Kedai Cendol Abdul Muttalib

Income Statement

January 31, 2020

Revenue RM 50,000

Less: operating expenses

Wage expenses RM 6250

Supplies expenses RM 13,000 (RM 19,250)

Operating Income RM 30,750

Less: other expense

Charity (RM 500)

Net income RM 30,250

Kedai Cendol Abdul Muttalib

Balance Sheet

January 31, 2020

Current Assets:

Cash RM 2000

Inventory RM 3000 RM 5000

Non-current asset:

Equipment RM 7000

Total Assets RM 12,000

Liability:

Short-term loan (TEKUN) (RM 3000)

Net asset RM 9,000