(b) Shanti Trading prepares Cash Flow Statement every year to record the cash inflows and outflows for her business. Below is the Statement of Financial Position and Statement of Comprehensive Income for the year ended 2014 and 2015: [Shanti Trading menyediakan Penyata Pengaliran Tunal setiap tahun untuk merekod semua aliran unal manuk dan keluar dalam perniagaannya. Penyata Kedudukan Kewangan dan Penyata Pendapatn Komprehensif bagi tahun berakhir 2014 dan 2015 adalah seperti di bawah) SHANTI TRADING STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2014 AND 2015 2014 (RM) 2015 (RM) CURRENT ASSETS Cash Account receivable 9,000 6,000 412,000 315,000 736,000 438,000 418,000 862,000 Inventory Total current assets FIXED ASSETS Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long term assets Total fixed assets 540,000 720,000 145,000 395,000 190,000 530,000 115,000 510,000 140,000 670,000 TOTAL ASSETS 1,246,000 1,532,000 CURRENT LIABILITIES Accounts payable 139,000 139,000 166,000 166,000 Total current liabilitles LONG-TERM LIABILITIES Long term debt 250,000 250,000 200,000 200,000 Total debt STOCKHOLDER' EQUITY | Capital Retained earning Total equity TOTAL LIABILITIES AND EQUITY 855,000 311,000 1,166,000 1,532,000 640,000 217,000 857,000 1,246,000
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Step by step
Solved in 2 steps with 2 images