Storyboard about SCI – single step approach_Bezos_Group-1
Storyboard Text
- Good day everyone! After the SFP, discussed by Mr. Bezos let us now proceed to the SCI. To make the SCI, first, we have to write the heading, following by the classification of accounts andcalculating the total income.
- ExpensesSnow Blower Expense -75.00Truck Expense - 250.00Miscellaneous Expense - 125.00Lawn Care Equipment Expense - 700.00
- For the heading, it should includes our company name and under it is the name of the statement followed by the accounting period.
- Gurpreet’s Lawn Care and Snow RemovalStatement of Comprehensive Income For year ended March 21, 2020
- Next to be listed is the revenue. As you can see, these are the income accounts where we generated our total revenue for the period.
- Service RevenueSnow Shoveling Fees – P4,675Lawn Care Fees – P1,890Total Revenue P6,565
- After revenue is list of our company's expenses and total amount of all the cash flows.
- After revenue is list of our company's expenses and total amount of all the cash flows.
- For the complete list, here is our SCI using the single-step approach. And if you notice, at the last part, is our net income. We had a positive result when we subtract the revenue and expenses, therefore, we gained.
- Service Revenue Snow Shovelling Fees P4,675Lawn Care Fees 1,890Total Revenue P6,565OperatingExpenses:Snow Blower Expense P75Truck Expense 250Miscellaneous Expense 125LawnCareEquipmentExpense 250
- Total Expense P700Net Income P5,865
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