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Alias Born | 09/12/2003 |
Saturday, November 11, 2017 3:20:57 AM
The accounts receivable 1,083,731 that is absolutely correct because the deal the contract gets dividing supposed to paid equally.
The inventory asset $1,394,290 only changes when you increase the asset other while it's not supposed to change. Let's give you a basic example. When you opening the business You bought a desk, a computer, a printer total of $5000.00 original record number don't
change. However, You can write off Depreciation and Amortization, in this case, The inventory asset $1,394,290 and the Depreciation and Amortization is total $423,077.
The original of the loan loans/advances $6,699,123 first record on Dec 31/2016 you can not change the original loan borrow no matter how long. It's like you borrow financing a car $20,000 this original loan amount will not change over the month or year. The only thing change is the amount you manage to pay off the account and in this case...
Now let's see how well they manage to pay off for this original loan/advances.
The original of the loan loans/advances $6,699,123 first record on Dec 31/2016 as of Period End: Jun 30, 2017 the current remaining balance short-term loan and advance are $1,064,148 that is an amazing milestone achievement. They manage to pay off $5,634,957
Overall the entire additional paid-in-capital is $10,424,276 with the BOTTOM LINE NET PROFIT $996,490 THAT IS AMAZING IN MY BOOK. Now I suggest you learn the basic accounting on how to read the financial statement. ROTFLMAO.
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