Dr. CASH BOOK Cr.
DATE
|
DETAILS
|
CASH
|
DATE
|
DETAILS
|
CASH
|
2018
|
RM
|
2018
|
RM
|
||
Aug 11
|
Capital
|
90
|
Aug 12
|
Purchases
(Promotion - Samples)
|
60
|
17
|
Sales
|
35
|
16
|
Packaging
|
3.75
|
19
|
Sales
|
35
|
19
|
Packaging
|
10
|
24
|
Sales
|
105
|
Purchases
|
85
|
|
26
|
Sales
|
40
|
26
|
Purchases
|
115
|
31
|
Balance c/f
|
31.25
|
|||
305
|
305
|
||||
Sept 1
|
Balance b/f
|
31.25
|
Sept 2
|
Purchases
|
117.50
|
2
|
Sales
|
195
|
30
|
Balance c/f
|
108.75
|
226.25
|
226.25
|
||||
Oct 1
|
Balance b/f
|
108.75
|
Oct 31
|
Balance c/f
|
108.75
|
108.75
|
108.75
|
||||
Nov 1
|
Balance b/f
|
108.75
|
Nov 30
|
Balance c/f
|
279.75
|
12
|
Sales
|
171
|
|||
279.75
|
279.75
|
||||
Dec 1
|
Balance b/f
|
279.75
|
Tartime
Statement of Cash Flows for the year ending 30
November 2018
RM RM
Net cash flow from operating activities (see Note 1) 189.75
Financing activities
Capital introduced 90.00
Increase in cash 279.75
Notes:
1 Reconciliation of net profit to net cash inflow:
Net profit 189.75
Net cash flow from operating
activities 189.75
2 Analysis of changes in cash during the year:
Net cash inflow 279.75
Balance at 30 November 2018 279.75
From the balance on 30 November 2018 which is RM279.75,
we contributed RM34 to charity by buying food and drinks for the less fortunate at the PWTC LRT station and also at the Masjid Jamek LRT station. The new balance is RM245.75 which is divided into six for each group member and
each person receives RM41.
For this project, each group member is required to invest RM15 into the business. Our group consists of six members therefore a total of RM90 was invested into the business as capital. We decided to run our business based on the capital given as well as the profits earned, so there is no additional external funding sources for this project. We managed to find a bakery, called Orange Delight Cake House, which sells great quality tarts at a price that was within our range. We also got to purchase plastic packaging from the Hero supermarket at a good price. Due to our strategic pricing of the tarts, we managed to make profit and this profit was used again to buy our inventory and packaging, making sure to put aside an amount so that we were not just breaking even but also making some profit for ourselves as well as for charity purposes.
👉The hidden magic behind giving back to society or charity👈
