QUICK LUNCH

Balance Sheet As on 31st December 2002

Liabilities Amount Amount Assests Amount Amount

Owners equty Non Current Assets
Intial capital 15450 Equpment 8800
less:drawings 3800
retained earnings 10335
total capital 21985 Goodwill 3800

Current liabilities Current Assets

Unclaimes cupons 1375 Prepaid License Fees 150
Accrued meat bill 890 Inventory 750
Outstanding rent 1515 Cash 12265

25765 25765

Sales
cash sales 29315
cupon sales 2700
32015

less: Cost of sales 14415

mercandise consumed

gross margin 17600

Less: other expenses

License fees 75
Rent 4975
other operating expense 90
Goodwill amortized 1900
Discount on cupon sale 225
total indirect exense 7265

Net profit 10335

 Cash flow statement For 1/09/02 to31/12/02

Particulars Amount
A) Intial Capital 5150

B)Inflows
Cash recipts from customer 33165
Sale of cooking range 400

Total Inflows 33565

C) Outflows
Food and Supplies 14275
License fees 225
Cooking range purchase 4000
Installation charge 600
Other operating expense 90
Drawings 3800
Rent 3460

Total outflows 26450

Net cash balance on 31st december 12265

(A+B-C)