Professional Documents
Culture Documents
INCOME STATEMENT
Sales
Less: Cost of Goods Sold
Gross Margin
2017
2018
4507113
4612566
3155981 3249306.06
1351132 1363259.94
OPERATING EXPENSES
Salaries and Wages
13th Month Pay
SSS, Pag-ibig and PhilHealth
Advertising and Promotions
Permit and Licenses
Utilities
Total Operating Expenses
374400
31200
24000
220
17410
118800
566030
374400
31200
24000
220
17410
118800
566030
DEPRECIATION EXPENSES
Machineries and Equipment
Stall
Total Depreciation Expenses
Total Expenses
11195
6000
17195
583225
11195
6000
17195
583225
NET INCOME
Less: Income Tax
Retained Earnings
767907
230372
537535
780035
234011
546025
2019
2020
4886662
5001071
3312053.94 3379361.44
1574608.06 1621709.56
2021
5292055
3446266
1845789
374400
31200
24000
220
17410
118800
566030
374400
31200
24000
220
17410
118800
566030
374400
31200
24000
220
17410
118800
566030
11195
6000
17195
583225
11195
6000
17195
583225
11195
6000
17195
583225
991383
297415
693968
1038485
311545
726939
1262564
378769
883795
BITBITES PARTNERSHIP
CASH FLOW
2017
2018
Cash In
Sales
Receipt of Output VAT from Sales
Total Cash In
Cash Outlay for Input VAT
Payment of VAT
Purchases of Inventories
Payment of Salaries and Wages
Payment of 13th Month Pay
Payment of Advertising and Promotion
Payment of Permits and Licenses
Payment of Utilities
Payment of Rent
Payment of Income Tax
Total Operating Activities
Net Cash provided by Operating Activities
Cash Flow for Investing Activities
Purchase of Machineries and Equipments
Purchase of Cleaning Materials
Purchase of Utensils
Net Cash provided by Investing Activities
2019
4,507,113
605,756
5,112,869
4,612,566 4,886,662
619,929
656,767
5,232,495 5,543,429
424,164
181,592
3,156,491
374,400
31,200
220
17, 410
118,800
234,000
436,707
183,222
3,221,860
374,400
31,200
220
17, 410
118,800
234,000
230,372
4,830,781
401,714
445,140
211,627
3,284,247
374,400
31,200
220
17, 410
118,800
234,000
234,011
4,933,645
609,785
935
935
400,779
935
3,440
4,375
605,410
400,779
1,056,653
1,457,432
605,410
1,457,432
2,062,842
4,520,867
592,002
55974
935
3,440
60,349
531,653
525,000
525,000
1,056,653
1,056,653
2020
2021
5,001,071
672,144
5,673,215
5,292,055
711,252
6,003,307
454,186
217,958
3,351,075
374,400
31,200
220
17, 410
118,800
234,000
297,415
5,079,254
593,961
463,178
248,074
3,417,434
374,400
31,200
220
17, 410
118,800
234,000
311,545
5,198,852
804,456
935
593,026
55974
935
3,440
60,349
744,107
593,026
2,062,842
2,655,868
744,107
2,655,868
3,399,975
935
378,769
BITBITES PARTNERSHIP
BALANCE SHEET
2017
2018
2019
ASSET
Cash
Prepaid Expense
Inventories
Total Current Assets
1,056,653
39,000
492690
1,588,343
1,457,432
39,000
520646
2,017,078
2,062,842
39,000
521007
2,622,849
Fixed Asset
Food Stall
Less: Accumulated Depreciation
Equipment
Less: Accumulated Depreciation
Total Machineries and Equipment
Total Assets
30,000
6,000
55,947
11,195
68,752
1,657,095
24,000
6,000
44,752
11,195
51,557
2,068,635
18,000
6,000
33,557
11,195
34,363
2,657,212
181,524
230,219
411,743
186,911
242,244
429,155
215,365
305,757
521,122
151,791
151,791
151,791
151,791
151,791
151,791
151,791
1,062,537
1,474,280
232,539
232,539
232,539
232,539
232,539
232,539
232,539
1,627,772
2,056,927
LIABILITIES
Current Liabilities
VAT Payable
Income Tax Payable
Total Liabilities
EQUITIES
Caasi, Capital
Cleofe, Capital
Ligad, Capital
Morales, Capital
Navato, Capital
Sederos, Capital
Quilantang, Capital
Total Equities
Total Liabilities and Capital
334,458
334,458
334,458
334,458
334,458
334,458
334,458
2,341,205
2,862,327
2020
2021
2,655,868
39,000
521487
3,216,355
3,399,975
39,000
522032
3,961,007
12,000
6,000
22,363
11,195
17,168
3,233,523
6,000
6,000
55,947
11,195
44,752
4,005,759
221,760
320,032
541,791
251,949
387,419
639,368
441,135
441,135
441,135
441,135
441,135
441,135
441,135
3,087,945
3,629,736
570,275
570,275
570,275
570,275
570,275
570,275
570,275
3,991,922
4,631,290
BITBITES PARTNERSHIP
2021
ASSET
Cash
Petty Cash
Supplies
Inventories
Total Current Assets
Machineries and Equipment
Machineries
Equipment
Less: Accumulated Depreciation
Total Machineries and Equipment
Total Assets
LIABILITIES
Accounts Payable
Wages Payable
Taxes Payable
Total Current Liabilities
Long Term Liabilities
Total Liabilities
EQUITIES
Caasi, Capital
Cleofe, Capital
Ligad, Capital
Morales, Capital
Navato, Capital
Sederos, Capital
Quilantang, Capital
Total Equities
Total Liabilities and Capital
Sales
Less: Cost of Goods Sold
Gross Margin
OPERATING EXPENSES
Salaries and Wages
13th Month Pay
NET INCOME
Less: Income Tax
Retained Earnings
2020
PhP
Changes
Increase (Decrease)
%
Ratio
2017
Balance, Beginning
Investment
Net Income from Operation
Total
Withdrawal of Partners
Balance, Ending
300,000
2018
2019
2020
2021