1. Prepare individual Cash Flow Statement for Muhammad and Aisya.

Cash Inflow Muhammad Aisya Total

Monthly Annually Monthly Annually
Gross Salary 10000 120000 3000 36000 156000
Less EPF for (1100) (13200) (330) (3960) (17160)
Salary
Rental 1000 12000 12000
Net Salary 9900 118800 2670 32040 150840
TOTAL INFLOW 9900 118800 2670 32040 150840

Cash Muhammad Aisya Total

Monthly Annually Monthly Annually
Outflow
Groceries 1000 12000 12000
Utilities 500 6000 6000
Telephone 300 3600 200 2400 6000
Dining out 800 9600 9600
Clothing for 200 2400 2400
Omar
Maid 1200 14400 14400
Miscellaneous 500 6000 300 3600 9600
Petrol 300 3600 150 1800 5400
Office 200 2400 200 2400 4800
Parking
House 4166.67 50000 50000
X70 1226.19 14714.28 14714.28
Myvi 613.10 7357.2 7357.2
TOTAL 8992.86 107914.28 2863.1 34357.2 142271.48
OUTFLOW

150840 – 142271.48 = 8568.52

2. Prepare their individual net worth and combined net worth.
Net Worth Statement Muhammad

Particulars Total
Personal Assets
House – Wangsa Maju 500000
EPF 13200
House 1500000
X70 103000
TOTAL ASSETS 1616200

Liabilities
House 90000
X70 80000
TOTAL LIABILITIES (170000)

NETWORTH 1446200

Net Worth Statement Aisya

Particulars Total
Personal Assets
EPF 3960
Myvi 51500
TOTAL ASSETS 55460

Liabilities
Myvi 20000
TOTAL LIABILITIES (20000)

NETWORTH 35460

1446200 + 35460 = 1481660