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AC

Furniture Fixture
Equipment and machinery
Safety equipments
motorcycles
Ravi Van
Cash in hand
Total Projected cost
60000
100000
400000
50000
400000
672000
400000
2082000
leaopard plumbing service
Balance Sheet
opening 1-1-2017

Assets Liabilities & Capital


Currect Assets Current Liabilities
Cash in hand 400,000
inventory -
Total Current Assets 400,000

Fixed Assets Partners Equity


bikes 400,000 Captial saifullah
ravi van 672,000 Capital sufyan mustafa
Machinery equipment 400,000 capital awais
furniture and fixture 100,000
Air Conditioner 60,000
safety equipment 50,000
Total Fixed Assets 1,682,000 Total Equity

2,082,000
694,000
###
694,000

2,082,000

2,082,000
Expected Average
Description of Work Fixed Wages Additional Wages
Diagnose the Problem 500
change the Part 400
other problem 250
Full Pipe Fiting Ord. 35 rupees per feet

Raw Material Material Purchase


Description amount
Raw material cost (180*2222 unit) (Debit) 400000
Cash (Credited) 400000

Cost of Raw material Used


Description amount
cash (Debited) 730000
Sales (Credited) 730000
Sold 1825 units @ 400
Cost of Raw material (Debited) 328500
Inventory (Credited) 328500
CGS of 1825 units @180
Expected Average Income
Expected Length of Fiting No. of Work Per Day
25
5
5
1000 feet per Work
total

Salaries
No. of Employees Wages par Day
10 professionals (600 Per Employee) 6000
Driver
1 office boy
Amount No. of work per year Income Per Year
12500 9125 4562500
2000 1825 730000
1250 1825 456250
40 1400000
7148750

aries
Wages Per Month Wages Per Year
180000 2160000
15000 180000
6000 72000
2412000
Expected Average Electricity Charges
Per Month Bill
15000

Fuel Expense motor cycles


per day Expected Fuel
120*10bikes (1200)

fuel expense Ravi van


totle budget per month
10000

Food Expense
per day
50*12(600)

Mobile Load Exp.


load per employee per month
500 6000
Average Electricity Charges
per Anum
180000

Fuel Expense motor cycles


Per month per anum
36000 432000

el expense Ravi van


per anum
120000

Food Expense
per month per anum
18000 216000

Exp.
per anum
72000
Repairing and Maintainance
Description Amount per Month amount
oil Change Bikes (10*300) 3000 36000
Tuning of Bikes (10*300) Average 3000 36000
Ravi oil Change 1900 22800
Ravi Reapiring 1000 12000
Ravi Tyre Change 12000
totle 118800

Depriciation Expense
Description amount
10% of fixed Assets 163200

rent expense
per month per anum
24000 288000
bike dep 40000
ravi 67200
fur 10000
ac 6000
machine 40000
leaopard plumbing
Income Statement
Year Ended 2017

Revenue/Sales 7,148,750
Cost of goods Sold 328,500

Gross Margin 6,820,250

Less: Operational Expenses


Staff Salaries 2,412,000
shop rent 288,000
food exp 216,000
Electricity Bills 180,000
fuel of bikes 432,000
ravi fuel 120,000
modification of ravi 20,000
mobile balance 72,000
advertisinebt exp 400,000
registration of bike and ravi 60,000
training budget 100,000
repairing and maintainance 118,800
Total Operational Expenses 4,418,800
Net Income Before Tax 2,401,450
Tax on income 20% (schedule 2017) 480,290
net income aftex tax 1,921,160
leaopard plumbing service
Balance Sheet
Ending 2017

Assets Liabilities & Capital


Currect Assets Current Liabilities
Cash in hand 2,249,660
inventory 71,460
Total Current Assets 2,321,120

Fixed Assets Partners Equity


bikes 400,000 Captial saifullah
ravi van 672,000 Capital sufyan mustafa
Machinery equipment 400,000 capital awais
furniture and fixture 100,000 Total
Air Conditioner 60,000 Accumulated Depriciation
safety equipment 50,000
Total Fixed Assets 1,682,000
Depriciation (less) 163,200

3,839,920
640386.66
694000
749886.6

1,334,387
###
1,334,387
4,003,160
163,200

3,839,960
Leopard Plumbing Service
Working for Break Even Point

Total Revenue/Sales 7,148,750

Net Income 7,148,750

Less: Variable Cost


Electricity Bill (Factory) 180,000
Cost of goods Sold 328,500
Repair & Maintainance 118,800
bike petrol 432,000
ravi petrol 120,000 1,179,300

Contribution Margin 5,969,450

Less: Fixed Cost


rent 288,000
salaries 2,412,000
food Exp. 216,000
depriciation 163,200
mobile balance 72,000 3,151,200

Net Operational Profit 2,818,250

3,151,200
Break even ( no of work) 6,690
500-129
16.50%

83.50%

44.08%

39.42%

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