1

4
5
6
7
8

9
10
The accounting records of the transactions

Credit purchase of 200T of granite worth 6.000 €.

Credit sale of 150T of granite acquired in point 1 for 7.200 €.

Sale return of 10T of granite sold in the previous point.

Payroll processing and payment amounting to 2.000 €

Marketing campaign worth 600 € paid immediately.
Conclusion of a bank loan worth 30.000 €.
Cash purchase of a light passenger vehicle worth 30.000 €.
Purchase of office supplies worth 1.000 €; 50% paid immediately and 50% payable in 60 days.

The company paid interest amounting to 400 €.

The company reimbursed 20% of the outstanding amount of the bank loan; the remaining debt will be reimbursed in year

Income Statement Year N

Sales
Cost of sales
General Expenses
Personnel Costs
EBIT
Financial Costs
EBT

The balance sheet as at 31/12/N

Assets
Non-Current Assets
TFA

Current Assets
Inventories
Account receivables
Cash

Total Assets

Equity
Share Capital
Net Income

Total Equity

Liabilities
Non-Current Liabilities
Loans

Current Liabilities
Account payable

Total Liabilities

Total Equity + Liabilities

Cash-Flow Statement - Year N

Operating Activities
Payment of wages
Payment general expenses

Total Operating Activities

Investing Activities
Payment TFA

Total Investing Activities

Financing Activities
Increase by money in Share Capital
Repay loans
Payment of interests
Increase Loans

Total Financing Activities

Change in Cash

Opening Cash

Closing Cash
Debit Credit Value
Cash Share Capital 20,000.00 €
Inventories Account payable 6,000.00 €
Account receivables Sales 7,200.00 €
Cost of sales Inventories 4,500.00 €
Sales Account receivables 480.00 €
Inventories Cost of sales 300.00 €
Personnel Costs Cash 2,000.00 €
General Expenses Cash 600.00 €
Cash Loans 30,000.00 €
TFA Cash 30,000.00 €
General Expenses Cash 500.00 €
General Expenses Account payable 500.00 €
Financial Costs Cash 400.00 €
Loans Cash 6,000.00 €

6,720.00 €
-4,200.00 €
-1,600.00 €
-2,000.00 €
-1,080.00 €
-400.00 €
-1,480.00 €

30,000.00 €

1,800.00 €
6,720.00 €
10,500.00 €

49,020.00 €
20,000.00 €
-1,480.00 €

18,520.00 €

24,000.00 €

6,500.00 €

30,500.00 €

49,020.00 €

-2,000.00 €
-1,100.00 €

-3,100.00 €

-30,000.00 €

-30,000.00 €

20,000.00 €
-6,000.00 €
-400.00 €
30,000.00 €

43,600.00 €

10,500.00 €

0.00 €

10,500.00 €