Preparation of Income Statement and Balance Sheet for Tom's Tent

Running head: BUSINESS MANAGEMENT FINANCE
Business Management Finance
Name of the student:
Name of the university:
Author Note:

1BUSINESS MANAGEMENT FINANCE
Executive Summary
This paper aims at the preparation of the income statement and balance sheet of the Tom’s
tent and the evaluation of the breakeven point of the evaluated costs. The implication of the
management system of the company is further analyzed in proper manner in this conducted
study.

2BUSINESS MANAGEMENT FINANCE
Table of Contents
Introduction:...............................................................................................................................3
Discussion:.................................................................................................................................4
Answer to Question number 1................................................................................................4
Answer to Question number 2................................................................................................7
Answer to Question number 3................................................................................................8
Conclusion................................................................................................................................10

3BUSINESS MANAGEMENT FINANCE
Introduction:
The aim of the assignment deals with the preparation of income statement and balance
sheet of tom’s tent as per the given trial balance and the adjustments which are needed to be
considered while preparing such income statements and balance sheet (Burtonshaw-Gunn
2017). The cost have been also evaluated accordingly with the given figures in the questions.