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# Business start up with the help of the Prince's Trust.

Extracts from this document...

Introduction

Middle

in Argos they are selling for �230 so I am saving a lot of money I need 2 of these, sponges for a pack of ten cost �5, car shampoo is �1.29 and on the bottle it says you can wash up to 300 car washes. As you can see the figures are giving are accurate so therefore my business results (outcome) is likely to be true and that I make a profit, survive etc so therefore I reached my aims and objectives. I could of have made mistakes if I had just entered the figures so I used formulas to make sure that I entered in correct data (look below) January February March April Opening balance 5500 =SUM(B20) =SUM(C20) =SUM(D20) Receipts Sales 2000 2800 3500 3750 Payments Rent 735 735 735 735 Electricity & Gas 50 60 75 75 Wages 250 250 250 250 Advertising 1000 1500 1000 200 Insurance 92 92 92 92 Loan/family 750 750 500 250 Equipment 750 100 150 100 Sub total =SUM(B10:B16) =SUM(C10:C16) =SUM(D10:D16) =SUM(E10:E16) Closing balance =SUM(B4+B7-B18) =SUM(C4+C7-C18) =SUM(D4+D7-D18) =SUM(E4+E7-E18) May June July August September =SUM(E20) =SUM(F20) =SUM(G20) =SUM(H20) =SUM(I20) 4000 4500 4750 4700 3000 735 735 735 735 735 200 200 200 200 150 250 500 500 500 500 750 1000 1000 250 250 100 100 100 100 100 750 750 750 750 750 250 500 200 100 125 =SUM(F10:F16) =SUM(G10:G16) =SUM(H10:H16) =SUM(I10:I16) =SUM(J10:J16) =SUM(F4+F7-F18) =SUM(G4+G7-G18) =SUM(H4+H7-H18) =SUM(I4+I7-I18) =SUM(J4+J7-J18) October November December =SUM(J20) =SUM(K20) =SUM(L20) 2500 2250 1750 735 735 735 120 100 100 500 250 250 250 0 0 100 100 100 400 400 400 100 100 100 =SUM(K10:K16) =SUM(L10:L16) =SUM(M10:M16) =SUM(K4+K7-K18) =SUM(L4+L7-L18) =SUM(M4+M7-M18) As you can see the formulas look complicated put it helps me because now the cash flow is correct. If I didn't use formulas then one mistake would make the cash flow no good to me. Balance sheet A balance sheet is a clear statement of the business assets, liabilities and capital of a business. ...read more.

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