Our Statement of Confidentiality
The undersigned reader acknowledged that the information provided by the MC070400829in this business plan is confidential, therefore , reader agrees not to disclose it without theexpress written permission of MC070400829MC070400829Signature
Our Statement of Financial Needs
There are three primary financial statements: The balance sheet, income statementand statement of cash flow. Each one of these statements is
equally important
incommunicating the existing or projected financial health of the our recycling business. These statements are prepared at the end of the financial year to assist our business to consistently establish, meet goals and objectives.
o
Income Statement:
The major category in this statement are revenues and expenses
Both revenue and statement are to be recorded in the year they areearned or expensed, not when the actual cash is paid or received
.
Revenues
:
sales revenue, service revenue, and interest revenue
.
Expenses
:
salariesof executives, staff salaries, R&D expenses, baddebt expense, depreciation for the current year expense, interestexpense, and income tax expense
o
Cash Flow Statement:
This financial statement deals with the cash transactions of the business in a financial year.
Each period for which the cash flow statement is prepared begins witha beginning cash balance (which may be zero).
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