Fashionista

Balance Sheet
As of July 31, 2024

TOTAL
AS OF JUL 31, 2024 AS OF JUN 29, 2024 (PP)
Assets
Current Assets
Accounts receivable
Accounts Receivable (A/R) 4,116 46,221
Total Accounts receivable AED4,116 AED46,221
ADCB Savings Account 20,200
Cash and cash equivalents 53,869 420
Fashionista Checking account 1,933,309 1,940,619
Merchandise Inventory 9,515 5,505
Total Current Assets AED2,021,010 AED1,992,765
Total Assets AED2,021,010 AED1,992,765

Liabilities and shareholder's equity

Current liabilities:
Accounts payable
Accounts Payable (A/P) 14,291 1,859
Total Accounts payable AED14,291 AED1,859
Short-term Loan 50,000
VAT Control -155 92
VAT Suspense 2,274 2,084
Total current liabilities AED66,410 AED4,035
Shareholders' equity:
Net Income -15,400 -11,270
Khaja's Capital 2,000,000 2,000,000
Khaja's Drawings -30,000
Opening Balance Equity 0 0
Retained Earnings
Total shareholders' equity AED1,954,600 AED1,988,730
Total liabilities and equity AED2,021,010 AED1,992,765

Accrual Basis Sunday, 30 June 2024 04:51 AM GMT+04:00 1/1

 Fashionista
Profit and Loss
June - July, 2024

TOTAL
Income
Sales Revenue 61,660
Services 1,950
Total Income AED63,610
Cost of Sales
Cost of Goods Sold 5,220
Cost of sales 3,815
Total Cost of Sales AED9,035
GROSS PROFIT AED54,575
Expenses
Electricity And Water Expense 1,000
Inventory - Writing Off Expense (deleted) 1,800
Inventory Write-Off expense 80
Inventory Write-Off Expense (deleted) 800
Prepaid Insurance 3,000
Rent Expense 3,000
Salaries Expense 10,000
Total Expenses AED19,680
Other Expenses
Reconciliation Discrepancies 50,295
Total Other Expenses AED50,295
NET EARNINGS AED -15,400

Accrual Basis Sunday, 30 June 2024 04:47 AM GMT+04:00 1/1

 Fashionista
VAT Summary Report
June - July, 2024

TOTAL
Box 1a Standard rated supplies in Abu Dhabi 331.00
Box 1b Standard rated supplies in Dubai 2,839.50
Box 1c Standard rated supplies in Sharjah
Box 1d Standard rated supplies in Ajman 10.00
Box 1e Standard rated supplies in Umm Al Quwain
Box 1f Standard rated supplies in Ras Al Khaimah
Box 1g Standard rated supplies in Fujairah
Box 2 Supplies subject to the reverse charge provisions
Box 3 Zero rated supplies
Box 4 Supplies of goods and services to registered customers in other GCC implementing states
Box 5 Exempt supplies
BOX 6 TOTAL OUTPUT TAX DUE AED3,180.50
Box 7 Standard rated expenses 1,261.50
Box 8 Supplies subject to the reverse charge provisions
BOX 9 TOTAL INPUT TAX AED1,261.50
BOX 10 NET VAT TO PAY (OR RECLAIM) AED1,919.00
Box 11 Net value of sales 63,610.00
Box 12 Net value of purchases 25,230.00
Box 13 Net value of sales to other GCC Member States
Box 14 Net value of purchases from other GCC Member States

Transactions in a previous VAT period were changed after filing. Before filing this period''s VAT, check the exception report to confirm that the
transactions are correct.

Accrual Basis Sunday, 30 June 2024 04:48 AM GMT+04:00 1/1

 Fashionista
Tax Liability Report
April - July, 2024

NET AMOUNT TAX AMOUNT

Federal Tax Authority
Standard Purchase (5%) 25,230.00 1,261.50
Standard Sales (5%) 6,620.00 331.00
Standard Sales (5%) 200.00 10.00
Standard Sales (5%) 56,790.00 2,839.50
Total 4,442.00

Accrual Basis Sunday, 30 June 2024 05:29 AM GMT+04:00 1/1

 Fashionista
Account List

ACCOUNT TYPE DETAIL TYPE DESCRIPTION BALANCE

ADCB Savings Account Cash and cash Bank 20,200.00
equivalents
Cash and cash equivalents Cash and cash Cash and cash equivalents 53,869.25
equivalents
Fashionista Checking account Cash and cash Bank 1,933,309.25
equivalents
Accounts Receivable (A/R) Accounts receivable Accounts Receivable (A/R) 4,116.00
(A/R)
Merchandise Inventory Current assets Inventory 9,965.00
Supplies Current assets Prepaid Expenses 0.00
Uncategorised Asset Current assets Other current assets 0.00
Undeposited Funds Current assets Undeposited Funds 0.00
Accumulated Depreciation on Office Fixed assets Accumulated depreciation on property, plant and 0.00
Equipment equipment
Deferred tax assets Non-current assets Deferred tax 0.00
Accounts Payable (A/P) Accounts payable (A/P) Accounts Payable (A/P) -14,763.00
Deferred Revenue Current liabilities Deferred Revenue 0.00
Income tax payable Current liabilities Income tax payable 0.00
Interest Payable Current liabilities Loan Payable 0.00
Short-term Loan Current liabilities Other current liabilities -50,000.00
VAT Control Current liabilities Sales and service tax payable 177.50
VAT Suspense Current liabilities Tax Suspense -2,274.00
Khaja's Capital Owner's equity Share capital -
2,000,000.00
Khaja's Drawings Owner's equity Accumulated adjustment 30,000.00
Opening Balance Equity Owner's equity Opening Balance Equity 0.00
Retained Earnings Owner's equity Retained Earnings 0.00
Billable Expense Income Income Service/Fee Income
Sales Revenue Income Sales of Product Income
Services Income Service/Fee Income
Unapplied Cash Payment Income Income Unapplied Cash Payment Income
Uncategorised Income Income Service/Fee Income
Cost of Goods Sold Cost of sales Supplies and materials - COS
Cost of sales Cost of sales Supplies and materials - COS
Freight and delivery - COS Cost of sales Shipping, Freight and Delivery - COS
Inventory Shrinkage Cost of sales Supplies and materials - COS
Bad debts Expenses Bad debts
Bank charges Expenses Bank charges
Electricity And Water Expense Expenses Office/General Administrative Expenses
Inventory Write-Off expense Expenses Bad debts
Other Types of Expenses-Advertising Expenses Advertising/Promotional
Expenses
Prepaid Insurance Expenses Insurance
Purchases Expenses Supplies and materials
Rent Expense Expenses Office/General Administrative Expenses
Salaries Expense Expenses Office/General Administrative Expenses
Supplies Expense Expenses Supplies and materials
Unapplied Cash Bill Payment Expense Expenses Unapplied Cash Bill Payment Expense
Uncategorised Expense Expenses Other Miscellaneous Service Cost
Other operating income (expenses) Other income Other operating income
Reconciliation Discrepancies Other expense Other Expense

Sunday, 30 June 2024 11:38 AM GMT+04:00 1/1

 Fashionista
Journal
June - July, 2024

DATE TRANSACTION NO. NAME MEMO/DESCRIPTION ACCOUNT DEBIT CREDIT

TYPE
01/06/2024 Deposit Khaja Ahmed Fashionista Checking AED2,000,000.00
account
Khaja's Capital AED2,000,000.00
AED2,000,000.00 AED2,000,000.00

11/06/2024 Invoice 1001 Sample Customer Accounts Receivable AED5.00

(deleted) (A/R)
Description of the item Services AED5.00
AED5.00 AED5.00

11/06/2024 Tax Credit Note Sample Customer Created by QB Online to adjust balance for deletion Accounts Receivable AED5.00
(deleted) (A/R)
Created by QB Online to adjust balance for deletion Services AED5.00
AED5.00 AED5.00

11/06/2024 Payment Sample Customer Created by QB Online to link credits to charges.

(deleted)
Accounts Receivable
(A/R)

11/06/2024 Inventory START Baby Shirt - Opening inventory and value Opening Balance Equity AED0.00
Starting Value
Baby Shirt - Opening inventory and value Merchandise Inventory AED0.00
AED0.00

11/06/2024 Inventory START Hoodie - Opening inventory and value Opening Balance Equity AED0.00
Starting Value
Hoodie - Opening inventory and value Merchandise Inventory AED0.00
AED0.00

11/06/2024 Inventory START Women’s Wedding Dress - Opening inventory and value Opening Balance Equity AED0.00
Starting Value
Women’s Wedding Dress - Opening inventory and value Merchandise Inventory AED0.00
AED0.00

11/06/2024 Inventory START Men’s Coat - Opening inventory and value Opening Balance Equity AED0.00
Starting Value
Men’s Coat - Opening inventory and value Merchandise Inventory AED0.00
AED0.00

17/06/2024 Expense Mr Jon Jones Fashionista Checking AED10,000.00

account
Salaries Expense AED10,000.00
AED10,000.00 AED10,000.00

26/06/2024 Bill Max Ltd Accounts Payable (A/P) AED3,748.50

Women’s Wedding Dress Merchandise Inventory AED3,570.00
VAT Control AED178.50
AED3,748.50 AED3,748.50

28/06/2024 Inventory START Shoes - Opening inventory and value Opening Balance Equity AED0.00
Starting Value
Shoes - Opening inventory and value Merchandise Inventory AED0.00
AED0.00

28/06/2024 Inventory START Pant - Opening inventory and value Opening Balance Equity AED0.00
Starting Value
Pant - Opening inventory and value Merchandise Inventory AED0.00
AED0.00

28/06/2024 Inventory START Belt - Opening inventory and value Opening Balance Equity AED0.00
Starting Value
Belt - Opening inventory and value Merchandise Inventory AED0.00
AED0.00

28/06/2024 Inventory START Hand Bags - Opening inventory and value Opening Balance Equity AED0.00
Starting Value
Hand Bags - Opening inventory and value Merchandise Inventory AED0.00
AED0.00

28/06/2024 Inventory Qty 13 Cost of Goods Sold

Adjust
Merchandise Inventory
Merchandise Inventory AED900.00

Sunday, 30 June 2024 04:56 AM GMT+04:00 1/7

 Fashionista
Journal
June - July, 2024

DATE TRANSACTION NO. NAME MEMO/DESCRIPTION ACCOUNT DEBIT CREDIT

TYPE
Cost of Goods Sold AED900.00
Merchandise Inventory
Merchandise Inventory AED35,700.00
Cost of Goods Sold AED35,700.00
Merchandise Inventory
Merchandise Inventory AED1,600.00
Cost of Goods Sold AED1,600.00
Merchandise Inventory
Merchandise Inventory AED1,000.00
Cost of Goods Sold AED1,000.00
AED39,200.00 AED39,200.00

28/06/2024 Inventory Qty 15 Cost of Goods Sold

Adjust
Merchandise Inventory
Merchandise Inventory AED3,500.00
Cost of Goods Sold AED3,500.00
AED3,500.00 AED3,500.00

28/06/2024 Bill Joey Azzam Accounts Payable (A/P) AED1,260.00

Hand Bags Merchandise Inventory AED1,200.00
VAT Control AED60.00
AED1,260.00 AED1,260.00

28/06/2024 Invoice 1015 Fatima Jabbar Accounts Receivable AED1,890.00

(A/R)
Belt Sales Revenue AED1,800.00
Belt Merchandise Inventory AED1,200.00
Belt Cost of sales AED1,200.00
VAT Control AED90.00
AED3,090.00 AED3,090.00

29/06/2024 Bill Hisenberg Lun Accounts Payable (A/P) AED787.50

(deleted)
Pant Merchandise Inventory AED750.00
VAT Control AED37.50
AED787.50 AED787.50

29/06/2024 Bill Payment 11 Hisenberg Lun Fashionista Checking AED600.00

(Cheque) (deleted) account
Accounts Payable (A/P) AED600.00
AED600.00 AED600.00

29/06/2024 Bill Payment 13 Hisenberg Lun Fashionista Checking AED1,762.50

(Cheque) (deleted) account
Accounts Payable (A/P) AED1,762.50
AED1,762.50 AED1,762.50

29/06/2024 Bill Payment 14 Joey Azzam Fashionista Checking AED1,260.00

(Cheque) account
Accounts Payable (A/P) AED1,260.00
AED1,260.00 AED1,260.00

29/06/2024 Bill Payment 15 John Maz Fashionista Checking AED630.00

(Cheque) account
Accounts Payable (A/P) AED630.00
AED630.00 AED630.00

29/06/2024 Bill Payment 17 Sami Zain (deleted) Fashionista Checking AED3,780.00

(Cheque) account
Accounts Payable (A/P) AED3,780.00
AED3,780.00 AED3,780.00

29/06/2024 Payment 1242 Fatima Jabbar Fashionista Checking AED1,890.00

account
Accounts Receivable AED1,890.00
(A/R)
AED1,890.00 AED1,890.00

29/06/2024 Invoice 1016 Mohammed Sadikot Accounts Receivable AED47,250.00

(A/R)
Men’s Coat Sales Revenue AED45,000.00
Men’s Coat Merchandise Inventory AED8,000.00
Men’s Coat Cost of Goods Sold AED8,000.00

Sunday, 30 June 2024 04:56 AM GMT+04:00 2/7

 Fashionista
Journal
June - July, 2024

DATE TRANSACTION NO. NAME MEMO/DESCRIPTION ACCOUNT DEBIT CREDIT

TYPE
Men’s Coat Merchandise Inventory AED32,000.00
Men’s Coat Cost of Goods Sold AED32,000.00
VAT Control AED2,250.00
AED87,250.00 AED87,250.00

29/06/2024 Bill Payment 18 Taylor Adams Fashionista Checking AED19,425.00

(Cheque) (deleted) account
Accounts Payable (A/P) AED19,425.00
AED19,425.00 AED19,425.00

29/06/2024 Payment Salman Khan Fashionista Checking AED1,260.00

account
Accounts Receivable AED1,260.00
(A/R)
AED1,260.00 AED1,260.00

29/06/2024 Sales Receipt 1022 Rajat Bhatia Cash and cash AED420.00
equivalents
Hand Bags Sales Revenue AED400.00
Hand Bags Merchandise Inventory AED300.00
Hand Bags Cost of sales AED300.00
VAT Control AED20.00
AED720.00 AED720.00

29/06/2024 Bill Payment 19 Zoe Salanda (deleted) Fashionista Checking AED26,775.00

(Cheque) account
Accounts Payable (A/P) AED26,775.00
AED26,775.00 AED26,775.00

29/06/2024 Bill Taylor Adams Created by QB Online to adjust balance for deletion Accounts Payable (A/P) AED19,425.00
(deleted)
Created by QB Online to adjust balance for deletion Reconciliation AED19,425.00
Discrepancies
AED19,425.00 AED19,425.00

29/06/2024 Bill Zoe Salanda (deleted) Created by QB Online to adjust balance for deletion Accounts Payable (A/P) AED26,775.00
Created by QB Online to adjust balance for deletion Reconciliation AED26,775.00
Discrepancies
AED26,775.00 AED26,775.00

29/06/2024 Bill Sami Zain (deleted) Created by QB Online to adjust balance for deletion Accounts Payable (A/P) AED2,520.00
Created by QB Online to adjust balance for deletion Reconciliation AED2,520.00
Discrepancies
AED2,520.00 AED2,520.00

29/06/2024 Bill Hisenberg Lun Created by QB Online to adjust balance for deletion Accounts Payable (A/P) AED1,575.00
(deleted)
Created by QB Online to adjust balance for deletion Reconciliation AED1,575.00
Discrepancies
AED1,575.00 AED1,575.00

29/06/2024 Expense Dubai Electricity And Fashionista Checking AED1,050.00

Water Authority account
Electricity And Water AED1,000.00
Expense
VAT Control AED50.00
AED1,050.00 AED1,050.00

29/06/2024 Journal Entry Filed tax VAT Control AED2,084.00

Filed tax VAT Suspense AED2,084.00
AED2,084.00 AED2,084.00

29/06/2024 Invoice 1025 Aftab Ltd Accounts Receivable AED1,260.00

(A/R)
Hand Bags Sales Revenue AED1,200.00
Hand Bags Merchandise Inventory AED900.00
Hand Bags Cost of sales AED900.00
VAT Control AED60.00
AED2,160.00 AED2,160.00

29/06/2024 Invoice 1026 Fatima Jabbar Accounts Receivable AED210.00

(A/R)
Baby Shirt Sales Revenue AED200.00
Baby Shirt Merchandise Inventory AED100.00
Baby Shirt Cost of Goods Sold AED100.00

Sunday, 30 June 2024 04:56 AM GMT+04:00 3/7

 Fashionista
Journal
June - July, 2024

DATE TRANSACTION NO. NAME MEMO/DESCRIPTION ACCOUNT DEBIT CREDIT

TYPE
VAT Control AED10.00
AED310.00 AED310.00

29/06/2024 Invoice 1027 Mark Andrew Accounts Receivable AED126.00

(A/R)
Gift Wraping Services AED120.00
VAT Control AED6.00
AED126.00 AED126.00

29/06/2024 Expense Joey Azzam Fashionista Checking AED315.00

account
Pant Merchandise Inventory AED300.00
VAT Control AED15.00
AED315.00 AED315.00

29/06/2024 Invoice 1028 Salman Khan Accounts Receivable AED630.00

(A/R)
Gift Wraping Services AED600.00
VAT Control AED30.00
AED630.00 AED630.00

29/06/2024 Sales Receipt 1029 Mark Andrew Fashionista Checking AED1,050.00

account
Baby Shirt Sales Revenue AED1,000.00
Baby Shirt Merchandise Inventory AED500.00
Baby Shirt Cost of Goods Sold AED500.00
VAT Control AED50.00
AED1,550.00 AED1,550.00

29/06/2024 Invoice 1030 Salman Khan Accounts Receivable AED21.00

(A/R)
Hand Bags Sales Revenue AED20.00
Hand Bags Merchandise Inventory AED15.00
Hand Bags Cost of sales AED15.00
VAT Control AED1.00
AED36.00 AED36.00

29/06/2024 Payment Mark Andrew Fashionista Checking AED2,016.00

account
Accounts Receivable AED2,016.00
(A/R)
AED2,016.00 AED2,016.00

30/06/2024 Inventory Qty 9 Inventory Write-Off

Adjust Expense (deleted)
Merchandise Inventory
Merchandise Inventory AED800.00
Inventory Write-Off AED800.00
Expense (deleted)
AED800.00 AED800.00

30/06/2024 Inventory Qty 16 Inventory - Writing Off

Adjust Expense (deleted)
Merchandise Inventory
Merchandise Inventory AED800.00
Inventory - Writing Off AED800.00
Expense (deleted)
AED800.00 AED800.00

30/06/2024 Bill Joesph Vijay Accounts Payable (A/P) AED2,100.00

Belt Merchandise Inventory AED2,000.00
VAT Control AED100.00
AED2,100.00 AED2,100.00

30/06/2024 Payment Mohammed Sadikot Fashionista Checking AED47,250.00

account
Accounts Receivable AED47,250.00
(A/R)
AED47,250.00 AED47,250.00

30/06/2024 Invoice 1017 Salman Khan Accounts Receivable AED1,260.00

(A/R)
Tailoring Services AED1,200.00
VAT Control AED60.00

Sunday, 30 June 2024 04:56 AM GMT+04:00 4/7

 Fashionista
Journal
June - July, 2024

DATE TRANSACTION NO. NAME MEMO/DESCRIPTION ACCOUNT DEBIT CREDIT

TYPE
AED1,260.00 AED1,260.00

30/06/2024 Sales Receipt 1023 Nasiruddin khaja Cash and cash AED630.00
equivalents
Shoes Sales Revenue AED600.00
Shoes Merchandise Inventory AED400.00
Shoes Cost of Goods Sold AED400.00
VAT Control AED30.00
AED1,030.00 AED1,030.00

30/06/2024 Transfer Mr Khaja Withdraw cash from company's account for travel , stay Fashionista Checking AED30,000.00
and food related expenses in another country account
Mr Khaja Withdraw cash from company's account for travel , stay Khaja's Drawings AED30,000.00
and food related expenses in another country
AED30,000.00 AED30,000.00

30/06/2024 Journal Entry Filed tax VAT Control AED10.00

Filed tax VAT Suspense AED10.00
AED10.00 AED10.00

30/06/2024 Bill Yusuf Sayed Accounts Payable (A/P) AED42.00

Hoodie Merchandise Inventory AED40.00
VAT Control AED2.00
AED42.00 AED42.00

30/06/2024 Tax Payment ADCB Savings Account AED200.00

VAT Suspense AED200.00
AED200.00 AED200.00

30/06/2024 Bill Payment 23 Max Ltd Fashionista Checking AED3,748.50

(Cheque) account
Accounts Payable (A/P) AED3,748.50
AED3,748.50 AED3,748.50

01/07/2024 Inventory Qty 18 Inventory Write-Off

Adjust expense
Merchandise Inventory
Merchandise Inventory AED40.00
Inventory Write-Off AED40.00
expense
Merchandise Inventory AED40.00
Inventory Write-Off AED40.00
expense
AED80.00 AED80.00

08/07/2024 Invoice 1018 Zainab Fashion Accounts Receivable AED31.50

(A/R)
Gift Wraping Services AED30.00
VAT Control AED1.50
AED31.50 AED31.50

08/07/2024 Payment 1242 Zainab Fashion Fashionista Checking AED31.50

account
Accounts Receivable AED31.50
(A/R)
AED31.50 AED31.50

09/07/2024 Bill John Maz Accounts Payable (A/P) AED630.00

Shoes Merchandise Inventory AED600.00
VAT Control AED30.00
AED630.00 AED630.00

10/07/2024 Bill Max Ltd Accounts Payable (A/P) AED3,748.50

Women’s Wedding Dress Merchandise Inventory AED3,570.00
VAT Control AED178.50
AED3,748.50 AED3,748.50

11/07/2024 Bill Sami Zain (deleted) Accounts Payable (A/P) AED1,260.00

Hoodie Merchandise Inventory AED1,200.00
VAT Control AED60.00
AED1,260.00 AED1,260.00

15/07/2024 Deposit Mashreq Bank Cash and cash AED50,000.00

equivalents

Sunday, 30 June 2024 04:56 AM GMT+04:00 5/7

 Fashionista
Journal
June - July, 2024

DATE TRANSACTION NO. NAME MEMO/DESCRIPTION ACCOUNT DEBIT CREDIT

TYPE
Short-term Loan AED50,000.00
AED50,000.00 AED50,000.00

15/07/2024 Payment Saadhiya Kadhu Fashionista Checking AED372.75

account
Accounts Receivable AED372.75
(A/R)
AED372.75 AED372.75

16/07/2024 Sales Receipt 1013 Saadhiya Kadhu Cash and cash AED372.75
equivalents
Summer Beach Bundle
Hoodie Sales Revenue AED250.00
Hoodie Merchandise Inventory AED200.00
Hoodie Cost of Goods Sold AED200.00
Pant Sales Revenue AED25.00
Pant Merchandise Inventory AED15.00
Pant Cost of Goods Sold AED15.00

Fashion Starter Kit

Shoes Sales Revenue AED60.00
Shoes Merchandise Inventory AED40.00
Shoes Cost of Goods Sold AED40.00
Baby Shirt Sales Revenue AED20.00
Baby Shirt Merchandise Inventory AED10.00
Baby Shirt Cost of Goods Sold AED10.00

VAT Control AED17.75

AED637.75 AED637.75

16/07/2024 Inventory Qty 17 Inventory - Writing Off

Adjust Expense (deleted)
Merchandise Inventory
Merchandise Inventory AED800.00
Inventory - Writing Off AED800.00
Expense (deleted)
Merchandise Inventory AED200.00
Inventory - Writing Off AED200.00
Expense (deleted)
AED1,000.00 AED1,000.00

16/07/2024 Invoice 1014 Saadhiya Kadhu Accounts Receivable AED372.75

(A/R)
Fashion Starter Kit
Shoes Sales Revenue AED60.00
Shoes Merchandise Inventory AED40.00
Shoes Cost of Goods Sold AED40.00
Baby Shirt Sales Revenue AED20.00
Baby Shirt Merchandise Inventory AED10.00
Baby Shirt Cost of Goods Sold AED10.00

Summer Beach Bundle

Hoodie Sales Revenue AED250.00
Hoodie Merchandise Inventory AED200.00
Hoodie Cost of Goods Sold AED200.00
Pant Sales Revenue AED25.00
Pant Merchandise Inventory AED15.00
Pant Cost of Goods Sold AED15.00

VAT Control AED17.75

AED637.75 AED637.75

18/07/2024 Invoice 1019 Bedi soni Accounts Receivable AED4,725.00

(A/R)
Hoodie Sales Revenue AED4,500.00
Hoodie Merchandise Inventory AED760.00
Hoodie Cost of Goods Sold AED760.00
Hoodie Merchandise Inventory AED2,840.00
Hoodie Cost of Goods Sold AED2,840.00
VAT Control AED225.00
AED8,325.00 AED8,325.00

18/07/2024 Payment Bedi soni Fashionista Checking AED4,725.00

account

Sunday, 30 June 2024 04:56 AM GMT+04:00 6/7

 Fashionista
Journal
June - July, 2024

DATE TRANSACTION NO. NAME MEMO/DESCRIPTION ACCOUNT DEBIT CREDIT

TYPE
Accounts Receivable AED4,725.00
(A/R)
AED4,725.00 AED4,725.00

21/07/2024 Sales Receipt 1021 Zainab Fashion Cash and cash AED2,446.50
equivalents
Baby Shirt Sales Revenue AED580.00
Baby Shirt Merchandise Inventory AED290.00
Baby Shirt Cost of Goods Sold AED290.00
Hoodie Sales Revenue AED1,000.00
Hoodie Merchandise Inventory AED800.00
Hoodie Cost of Goods Sold AED800.00
Shoes Sales Revenue AED750.00
Shoes Merchandise Inventory AED500.00
Shoes Cost of Goods Sold AED500.00
VAT Control AED116.50
AED4,036.50 AED4,036.50

29/07/2024 Invoice 1024 Aftab Ltd Accounts Receivable AED2,205.00

(A/R)
Belt Sales Revenue AED2,100.00
Belt Merchandise Inventory AED1,400.00
Belt Cost of sales AED1,400.00
VAT Control AED105.00
AED3,605.00 AED3,605.00

29/07/2024 Deposit Khaja Ahmed ADCB Savings Account AED20,000.00

Fashionista Checking AED20,000.00
account
AED20,000.00 AED20,000.00

29/07/2024 Expense John Maz Fashionista Checking AED3,000.00

account
Rent Expense Rent Expense AED3,000.00
AED3,000.00 AED3,000.00

29/07/2024 Expense Abu Dhabi Insurance Fashionista Checking AED3,150.00

account
Prepaid Insurance AED3,000.00
VAT Control AED150.00
AED3,150.00 AED3,150.00

29/07/2024 Bill Ahmed Afridi Accounts Payable (A/P) AED8,400.00

Men’s Coat Merchandise Inventory AED8,000.00
VAT Control AED400.00
AED8,400.00 AED8,400.00

29/07/2024 Payment Fatima Jabbar Fashionista Checking AED210.00

account
Accounts Receivable AED210.00
(A/R)
AED210.00 AED210.00

30/07/2024 Invoice 1020 Mark Andrew Accounts Receivable AED1,890.00

(A/R)
Shoes Sales Revenue AED1,800.00
Shoes Merchandise Inventory AED620.00
Shoes Cost of Goods Sold AED620.00
Shoes Merchandise Inventory AED580.00
Shoes Cost of Goods Sold AED580.00
VAT Control AED90.00
AED3,090.00 AED3,090.00

TOTAL AED2,471,732.25 AED2,471,732.25

Sunday, 30 June 2024 04:56 AM GMT+04:00 7/7

 Fashionista
A/R Ageing Summary
As of July 31, 2024

CURRENT 1 - 30 31 - 60 61 - 90 91 AND OVER TOTAL

Aftab Ltd 3,465.00 AED3,465.00
Salman Khan 651.00 AED651.00
TOTAL AED3,465.00 AED651.00 AED0.00 AED0.00 AED0.00 AED4,116.00

Sunday, 30 June 2024 04:55 AM GMT+04:00 1/1

 Fashionista
Sales by Customer Summary
June - July, 2024

TOTAL
Aftab Ltd 3,300.00
Bedi soni 4,500.00
Fatima Jabbar 2,000.00
Mark Andrew 2,920.00
Mohammed Sadikot 45,000.00
Nasiruddin khaja 600.00
Rajat Bhatia 400.00
Saadhiya Kadhu 710.00
Salman Khan 1,820.00
Sample Customer (deleted) 0.00
Zainab Fashion 2,360.00
TOTAL AED63,610.00

Accrual Basis Sunday, 30 June 2024 05:24 AM GMT+04:00 1/1

 Fashionista
Statement of Cash Flows
June - July, 2024

TOTAL
Cash flows from operating activities
Profit for the year -15,400.00
Adjustments for non-cash income and expenses:
Accounts Receivable (A/R) -4,116.00
Merchandise Inventory -9,515.00
Accounts Payable (A/P) 14,290.50
Short-term Loan 50,000.00
VAT Control -155.00
VAT Suspense 2,274.00
Total Adjustments for non-cash income and expenses: 52,778.50
Net cash from operating activities AED37,378.50
Cash flows from financing activities
Khaja's Capital 2,000,000.00
Khaja's Drawings -30,000.00
Opening Balance Equity 0.00
Net cash used in financing activities AED1,970,000.00
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AED2,007,378.50
CASH AND CASH EQUIVALENTS AT END OF YEAR AED2,007,378.50

Sunday, 30 June 2024 04:53 AM GMT+04:00 1/1

 Fashionista
Collections Report
As of July 31, 2024

DATE TRANSACTION TYPE NO. DUE DATE PAST DUE AMOUNT OPEN BALANCE
Salman Khan
+971509508397
29/06/2024 Invoice 1030 29/07/2024 -29 21.00 21.00
29/06/2024 Invoice 1028 29/07/2024 -29 630.00 630.00
Total for Salman Khan AED651.00 AED651.00
TOTAL AED651.00 AED651.00

Sunday, 30 June 2024 05:21 AM GMT+04:00 1/1

 Management Report
Fashionista
For the period ended {July 31st}

Prepared by
Khaja Ahmed
Prepared on
June 30, 2024

For management use only

Table of Contents

Profit and Loss ................................................................................................................................................4

Balance Sheet .................................................................................................................................................5

2/6
This report includes Fashionista monthly income statement and balance sheet.
In comparison to last month, the company's earnings has increased dramatically this month.

Fashionista 3/6
Profit and Loss
June - July, 2024
Total
INCOME
Sales Revenue 61,660.00
Services 1,950.00
Total Income 63,610.00
COST OF SALES
Cost of Goods Sold 5,220.00
Cost of sales 3,815.00
Total Cost of Sales 9,035.00
GROSS PROFIT 54,575.00
EXPENSES
Electricity And Water Expense 1,000.00
Inventory - Writing Off Expense (deleted) 1,800.00
Inventory Write-Off expense 80.00
Inventory Write-Off Expense (deleted) 800.00
Prepaid Insurance 3,000.00
Rent Expense 3,000.00
Salaries Expense 10,000.00
Total Expenses 19,680.00
OTHER EXPENSES
Reconciliation Discrepancies 50,295.00
Total Other Expenses 50,295.00
NET EARNINGS AED -15,400.00

Fashionista 4/6
Balance Sheet
As of July 31, 2024
Total
ASSETS
Current Assets
Accounts receivable
Accounts Receivable (A/R) 4,116.00
Total Accounts receivable 4,116.00
ADCB Savings Account 20,200.00
Cash and cash equivalents 53,869.25
Fashionista Checking account 1,933,309.25
Merchandise Inventory 9,965.00
Total Current Assets 2,021,459.50
Total Assets AED2,021,459.50

LIABILITIES AND SHAREHOLDER'S EQUITY

Current liabilities:
Accounts payable
Accounts Payable (A/P) 14,763.00
Total Accounts payable 14,763.00
Short-term Loan 50,000.00
VAT Control -177.50
VAT Suspense 2,274.00
Total current liabilities 66,859.50
Shareholders' equity:
Net Income -15,400.00
Khaja's Capital 2,000,000.00
Khaja's Drawings -30,000.00
Retained Earnings
Total shareholders' equity 1,954,600.00
Total liabilities and equity 2,021,459.50

Fashionista 5/6
Fashionista offers 2 services that is Gift Wrapping and Tailoring along with selling almost 7 products.

Fashionista 6/6