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Required : Prepare statement of cash flow . note: this is a new restaurant there is no balance of last year Fatah Restaurant Statement of
Required : Prepare statement of cash flow . note: this is a new restaurant there is no balance of last year
Fatah Restaurant Statement of Owners Equity For the month ended September 30, 2022 UGX capital at September 1 17,130,000 Add Net income 10,701,000 Less: withdrawal by the owner (500,000) Capital at September 30 27,331,000 Fatah Restaurant Income statement For the month ended 30Sep,2022 Revenues (UGX) Sales revenue Earned revenue 23,514,000500,000 24,014,000 Expenses Cost of goods sold Rent expenses 1000,000 Salary expense 2,000,000 Transport expense 300,000 Utility expenses 200,000 Accrued salaries expenses 500,000 accommodation exp. 250,000 depreciation expense \begin{tabular}{ccc} fridge & 14,000 \\ furniture & 18,000 & \\ utensils & 31,000 & 63,000 \\ \hline \end{tabular} Total expenses (13,313,000) Net income 10,701,000 Fatah RestaurantStep by Step Solution
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