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Financial Records: Income Statement and Balance Sheet
1.
Chapter 7 Financial
Records: Income Statement and Balance Sheet
2.
3.
4.
5.
6.
Income Statement (cont.)
6 Housing expenses Fixed Variable Annual payment (loan) 12,000 Housing & land tax 300 Food 10,000 Clothing 2,000 Transportation: Fuel 1,600 Insurance 1,200 License 120 Life insurance 4,000 Annual payment (loan) 8,000 Others 800 Small total 25,620 14,400 7 Total expenses 40,020 8 Amount for savings & investment 27,480
7.
8.
9.
10.
11.
Balance Sheet
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