Karmola Sales - Jan 2012

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Trading Account

				INCOME
				Sales Income
					Total Income	82,500
					Less: Sales Tax	2,471
					NET INCOME	80,029
EXPENDITURE
MANUFACTURING COSTS
Production
WORKS COST of Production		4,900
	Plus: Opening Inventory	0
	Total Inventory Value	4,900
	Less: Closing Inventory	155
WORKS COST of Goods Sold		4,745
					CONTRIBUTION TO PROFITS	75,284
FIXED OVERHEAD CHARGES
	Learning	500
	to Antare	10,000
	to Antan	5,000
	to Arianae	0
	Miscellaneous Costs	2,435
	TOTAL FIXED OVERHEADS	17,935
					TRADING PROFITS	57,349
					Annual Trading Profit	57,349

Cashflow Account

		OPENING BANK BALANCE			0
		Plus:	Shares Sold		0
			Loans Received		0
			Sales Receipts		80,029
		MAXIMUM BANK BALANCE			80,029
PAYMENTS
Production
			4,900
Capital Expenditure
			0
Finance					Arrears
	Corporation Tax		0		0
	Distributed Profit		0		0
Fixed Overheads
	Learning		500
	to Antare		10,000
	to Antan		5,000
	to Arianae		0
	Miscellaneous Costs		2,435
				Creditors:	0
TOTAL PAYMENTS				22,935
CLOSING BANK BALANCE				57,194

Balance Sheet

PROFIT and LOSS ACCOUNT
Trading Profit	57,349			Opening Retained Profit	0
Less: Loan Interest	0			Plus: Profit after Tax	57,349
Profit before Tax		57,349		Gross Retained Profit		57,349
Less: Corporation Tax		0		Less: Distributed Profit		0
Profit after Tax		57,349		Closing Retained Profit		57,349
BALANCE SHEET
LIABILITIES				ASSETS
Ordinary Shares				Opening Property	0
Antare	0			Plus: New Property	0
Antan	0			Closing Property		0
Arianae	0
Retained Profit	57,349
EQUITY		57,349		FIXED ASSETS		0
Plus:
Loan Capital	0			Cash	57,194
Creditors	0			Stock Value	155
		57,349		CURRENT ASSETS		57,349
NET CAPITAL EMPLOYED		57,349		TOTAL NET ASSETS		57,349

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