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Acc Session-121011

# Acc Session-121011 - Revenues 5000 Other Expenses20000 2000...

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Revenues 5000 Other Expe 2000 Charity Err:522 PBT Err:522 Tax Err:522 PAT Err:522 charity 10% of pat pat 70%(R-E-C) pat= 10C 10C= 0.7(R-E-C) 107C= 7R-7E C= (7R-7E)/107 Charity 196.2617 Using formula

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Base Year 1 Year 2 Year 3 Balance Sheet Assets Cash 13288 41520 54262 94816 earlier we had calculated cash balance as total assets-total liabilities. But, we need to calculate cash flow & then plug in the figures Receivables 76712 80500 84600 88800 Inventory 80000 84000 88200 92610 Total CA 170000 206020 227062 276226 PPE 200000 220000 220000 220000 Acc Dep 40000 62000 84000 106000 Net 160000 158000 136000 114000 Total Assets 330000 364020 363062 390226 Liabilities Payables 40000 41900 44000 46200 this is calculated basis cost of goods sold OCL 5000 5000 5000 5000 Total CL 45000 46900 49000 51200 LT Debt 130000 145000 120000 120000 Capital(10000 @ Rs 10) 100000 100000 100000 100000 RE 55000 72120 94062 119026 Total Equity 155000 172120 194062 219026 Total Liabilities 330000 364020 363062 390226 Income Statement Assumptions Sales 800000 840000 882000 926100 Sales Growth 5% 5% 5% COGS 520000 546000 573300 601965 Gross Margin 35% 35% 35% Gross Margin 280000 294000 308700 324135 Collection Period(Days) 35 35 35 Inventory Turnover 6.5 6.5 6.5 Inventory Velocity 1.846154 this is the no. of months for which inventory remains with you until it is sold Wages 40000 41800 43681 45647 Payables Period(Days) 28 28 28 56.15385 this is the no. of days for which inventory remains with you until it is sold
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