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Buntis Bilis2

The balance sheets show the assets, liabilities, and equity of Buntis Bilis from 2023 to 2027. Assets increased each year from ₱5.5 million to ₱36.4 million as cash and equipment grew. Liabilities remained around ₱2 million while owner's equity increased from ₱3.8 million to ₱34.4 million. The income statements show revenues growing from ₱3.3 million to ₱16.4 million as net income increased from ₱874,720 to ₱11.5 million over the 5 years. The statement of changes in owner's equity traces the increase in owner Mascariñ

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John Ssy
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31 views1 page

Buntis Bilis2

The balance sheets show the assets, liabilities, and equity of Buntis Bilis from 2023 to 2027. Assets increased each year from ₱5.5 million to ₱36.4 million as cash and equipment grew. Liabilities remained around ₱2 million while owner's equity increased from ₱3.8 million to ₱34.4 million. The income statements show revenues growing from ₱3.3 million to ₱16.4 million as net income increased from ₱874,720 to ₱11.5 million over the 5 years. The statement of changes in owner's equity traces the increase in owner Mascariñ

Uploaded by

John Ssy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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BUNTIS BILIS

BALANCE SHEET BUNTIS BILIS


(AMOUNTS IN PHILIPPINE PESOS) INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31
2023 2024 2025 2026 2027 2023 2024 2025 2026 2027
ASSETS REVENUES ₱ 3,327,000.00 ₱ 3,327,000.00 ₱ 7,553,200.00 ₱ 10,799,720.00 ₱ 13,001,540.00 ₱ 16,399,198.00
CURRENT ASSETS EXPENSES:
CASH ₱ 3,506,000.00 ₱ 7,814,920.00 ₱ 16,261,592.00 ₱ 24,535,722.00 ₱ 35,975,091.00 DEPRECIATION EXPENSE ₱ 217,000.00 ₱ 217,000.00 ₱ 217,000.00 ₱ 217,000.00 ₱ 217,000.00
ACCOUNT RECEIVABLE ₱ 130,000.00 ₱ 60,000.00 ₱ 60,000.00 ₱ 60,000.00 ₱ 60,000.00 RENT EXPENSE ₱ 80,000.00 ₱ 120,000.00 ₱ 132,000.00 ₱ 132,000.00 ₱ 132,000.00
PREPAID RENT ₱ - ₱ - ₱ - ₱ - ₱ - MISCELLANEOUS EXPENSE ₱ 64,000.00 ₱ 96,000.00 ₱ 96,000.00 ₱ 96,000.00 ₱ 96,000.00
OFFICE SUPPLIES ₱ 10,000.00 ₱ 129,200.00 ₱ 193,800.00 ₱ 271,320.00 ₱ 352,716.00 UTILITIES EXPENSE ₱ 76,000.00 ₱ 756,000.00 ₱ 756,000.00 ₱ 756,000.00 ₱ 756,000.00
TOTAL CURRENT ASSETS ₱ 3,646,000.00 ₱ 3,646,000.00 ₱ 8,004,120.00 ₱ 8,004,120.00 ₱ 16,515,392.00 ₱ 16,515,392.00 ₱ 24,867,042.00 ₱ 24,867,042.00 ₱ 36,387,807.00 ₱ 36,387,807.00 SALARIES EXPENSE ₱ 1,896,000.00 ₱ 2,333,000.00 ₱ 1,783,800.00 ₱ 2,972,800.00 ₱ 1,783,800.00 ₱ 2,984,800.00 ₱ 2,081,100.00 ₱ 3,282,100.00 ₱ 2,081,100.00 ₱ 3,282,100.00
Property,Plant and Equipment (NET) INCOME BEFORE TAX ₱ 994,000.00 ₱ 4,580,400.00 ₱ 7,814,920.00 ₱ 9,719,440.00 ₱ 13,117,098.00
SERVICE VEHICLE ₱ 2,050,000.00 ₱ 1,845,000.00 ₱ 1,640,000.00 ₱ 1,435,000.00 ₱ 1,230,000.00 INCOME TAX ₱ 119,280.00 ₱ 119,280.00 ₱ 549,648.00 ₱ 549,648.00 ₱ 937,790.40 ₱ 937,790.40 ₱ 1,166,332.80 ₱ 1,166,332.80 ₱ 1,574,051.76 ₱ 1,574,051.76
LESS: ACCUMULATED DEPRECIATION ₱ 205,000.00 ₱ 1,845,000.00 ₱ 205,000.00 ₱ 1,640,000.00 ₱ 205,000.00 ₱ 1,435,000.00 ₱ 205,000.00 ₱ 1,230,000.00 ₱ 205,000.00 ₱ 1,025,000.00 INCOME AFTER TAX ₱ 874,720.00 ₱ 4,030,752.00 ₱ 6,877,129.60 ₱ 8,553,107.20 ₱ 11,543,046.24
OFFICE EQUIPMENT ₱ 60,000.00 ₱ 48,000.00 ₱ 36,000.00 ₱ 24,000.00 ₱ 12,000.00
LESS: ACCUMULATED DEPRECIATION ₱ 12,000.00 ₱ 48,000.00 ₱ 12,000.00 ₱ 36,000.00 ₱ 12,000.00 ₱ 24,000.00 ₱ 12,000.00 ₱ 12,000.00 ₱ 12,000.00 ₱ - BUNTIS BILIS
TOTAL NON-CURRENT ASSET ₱ 1,893,000.00 ₱ 1,676,000.00 STATEMENT OF CHANGES IN OWNER'S EQUITY
TOTAL ASSETS ₱ 5,539,000.00 ₱ 9,680,120.00 ₱ 16,515,392.00 ₱ 24,867,042.00 ₱ 36,387,807.00 FOR THE YEAR ENDED DECEMBER 31
2023 2024 2025 2026 2027
CURRENT LIABILITES Mr. Mascariñas, Capital 12/1/2023 ₱ 3,000,000.00 ₱ 3,769,720.00 ₱ 7,700,472.00 ₱ 14,477,601.60 ₱ 22,930,708.80
ACCOUNTS PAYABLE ₱ 1,155,000.00 ₱ 1,001,000.00 ₱ 770,000.00 ₱ 539,000.00 ₱ 308,000.00 ADD: PROFIT/(LOSS) ₱ 874,720.00 ₱ 4,030,752.00 ₱ 6,877,129.60 ₱ 8,553,107.20 ₱ 11,543,046.24
INTEREST PAYABLE ₱ 495,000.00 ₱ 429,000.00 ₱ 330,000.00 ₱ 231,000.00 ₱ 132,000.00 TOTAL ₱ 3,874,720.00 ₱ 7,800,472.00 ₱ 14,577,601.60 ₱ 23,030,708.80 ₱ 34,473,755.04
INCOME TAX ₱ 119,280.00 ₱ 549,648.00 ₱ 937,790.40 ₱ 1,166,332.80 ₱ 1,574,051.76 WITHDRAWALS/DRAWINGS ₱ 105,000.00 ₱ 100,000.00 ₱ 100,000.00 ₱ 100,000.00 ₱ 100,000.00
TOTAL CURRENT LIABILITIES ₱ 1,769,280.00 ₱ 1,769,280.00 ₱ 1,979,648.00 ₱ 1,979,648.00 ₱ 2,037,790.40 ₱ 2,037,790.40 ₱ 1,936,332.80 ₱ 1,936,332.80 ₱ 2,014,051.76 ₱ 2,014,051.76 Mr. Mascariñas, Capital 12/31/2023 ₱ 3,769,720.00 ₱ 7,700,472.00 ₱ 14,477,601.60 ₱ 22,930,708.80 ₱ 34,373,755.04

OWNER'S EQUITY
Mr. Mascariñas, Capital ₱ 3,769,720.00 ₱ 3,769,720.00 ₱ 7,700,472.00 ₱ 14,477,601.60 ₱ 22,930,708.80 ₱ 34,373,755.04
TOTAL LIABILITIES AND OWNER'S EQUITY ₱ 5,539,000.00 ₱ 9,680,120.00 ₱ 16,515,392.00 ₱ 24,867,041.60 ₱ 36,387,806.80

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