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PNL Account Cashflow Forecast: Missing Values

This document provides guidance on creating key financial statements including a cash flow forecast, balance sheet, and profit and loss (P&L) account. It explains how to list assets, liabilities, and equity for the balance sheet. It also outlines the formulas for calculating costs of goods sold, gross profit, net profit, and retained profit for the P&L account. Sample templates are provided for the balance sheet and P&L account of a company called XYZ Ltd.

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832 views5 pages

PNL Account Cashflow Forecast: Missing Values

This document provides guidance on creating key financial statements including a cash flow forecast, balance sheet, and profit and loss (P&L) account. It explains how to list assets, liabilities, and equity for the balance sheet. It also outlines the formulas for calculating costs of goods sold, gross profit, net profit, and retained profit for the P&L account. Sample templates are provided for the balance sheet and P&L account of a company called XYZ Ltd.

Uploaded by

piya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Pnl account Cashflow forecast:

missing values

Balance sheet: create, ratios

These three are the probabilities, one will for sure come.
Balance sheet way to proceed:

First list Fixed assets-land etc etc

Then Current assets: that includes cash, debtors, stock

Total fixed assets = FA+CA

Then current liabilities: includes overdrafts(short term loan) and creditors

then long term liabilities: that includes long-term loans(anything beyond one year is long term in
finance)

then net assets: that includes share capital, retained profit

Sums up to form equity


PNL account formula:

Gross profit (sales revenue-cogs)

Cogs=opening stock+purchases-closing stock

Net profit= gp-expenses

Sales revenue, total revenue, sales turnover

Pnl account

Tradingaccount

Gross profit = sales revenue, total revenue, sales turnover – cogs or cost f sales

Cogs or cost of sales = OS+purchases-CS

Pnl account

Net profit before interest and tax = GP- expenses

Net profit before tax= NP before I and T – interest

Net profit after interest and tax = NP before T – corporation tax

Appropriation account

Retained profit = NP after I and T – dividends

Xyz ltd.

Pnl account for the year end 20 jan 2018

Sales revenue

Cost of sales

GP

Expenses
NP

Interest

NP

Tax

NP

Dividends

RP

Assets, liabilities, equity

Fixed A

Current assets – debtors stock cash

Long term L

Current L – overdrafts, creditors, tax

Working capital= TCA-TCL

Total assets less current L= (FA+CA)- CL

=FA+WC

NA = (total assets less CL)- LTL

equity= share capital + retained profit

Equity = net assets

Xyz ltd

FA

Fixed a

Accumulated depreciation
NFA --

CA

Debtors

Stock

Cash

TCA---

CL

Overdrafts

Creditors

STLoans

TCL---

LTL

NA –

Financed by

Sc

rp

E--

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