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Mary May manages her own flower shop trading as Beauty In All. She is concerned about her cash flow. She provides the following information.
Mary May manages her own flower shop trading as Beauty In All. She is concerned about her cash flow. She provides the following information. Beauty In All Income Statement for the year ended 30 June 2021 Sales Cash Credit Less Cost of Goods Sold Opening Stock Purchase (Credit) Cartage inwards Less Closing Stock Gross Profit Add Other Revenue Discount Revenue 450 000 240 000 690 000 80 000 565 000 5000 650 000 96.000 554.000 136 000 1.200 137 200 Less Selling Expense Advertising Sales wages Depreciation on Delivery Van Less Administrative Expense Depreciation on Fixtures Insurance Less Finance Expense Bad Debts Discount Allowed Net Profit 11 000 74 000 4.000 89000 5 000 3.000 8.000 6000 1.000 7.000 33 200 Beauty In All Comparative Balance Sheets as at 30 June 2021
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