financial statement

Months in a year 12
Months in a quarter (budget period) 3
Revenue
Nights available
September 30
October 31
November 30
December 31
Occupancy level
Cash collection –
Month of sale 60%
Month following sale 40%
Average nightly revenue
OTHER PAYMENTS
Monthly
Cleanings contractors
General (Telephone, Supplies, Stationery, ISP etc))
Laundry
Lease payments
Utilities
Annual
Insurance premium 12 months (paid 1 June 2017)
BALANCE SHEET ITEMS
Cash at Bank as at 1 October 2017
Accounts Payable Utilities 1 October 2017
NON-CURRENT ASSETS
Cost Expected Life Residual
$ Years Value $
Furniture & Fittings
Electronic Equipment
Straight line method is used for all non-current assets
P(5.u)       

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