1. Ending amount of undistributed profit in balance sheet-beginning amount of undistributed profit = cumulative amount of net profit in income statement;
2, the income statement "net profit" subject+"undistributed profit at the beginning of the year"-current distribution profit-provision of provident fund, public welfare fund = balance sheet "undistributed profit at the end of the period";
3. As for the cross-checking relationship between the cash flow statement and the other two statements, from another point of view, there is no cross-checking relationship between separate statements, and the cash flow statement should be supported by a subsidiary ledger.
To understand the relationship between balance sheet, income statement and cash flow statement, we must first understand the relationship between expenditure, expenses and assets. All expenses will cause changes in cash, so they should be recorded in the cash flow statement.
As for how to record it in the balance sheet and income statement, it depends on whether the expenditure is managed for one year or more. If it is only managed for one year, it will be recorded in the income statement and directly treated as the current expense; If the management time exceeds one year, it will generally be capitalized and recorded as an asset in the balance sheet. In short, assets are long-lived expenses, but expenses are the opposite.
Extended data
1. Cash received from selling goods and providing services = main business income+other business income (generally referring to selling materials and providing services)+output tax in the current period+(opening balance of bills receivable-ending balance)+(opening balance of accounts receivable-ending balance)+(closing balance of accounts received in advance-ending balance)-provision for bad debts in the current period-caused by bill discount.
It should be noted that the opening and closing balances of accounts receivable cannot be directly found in the statements, and should be deduced as follows: opening balance of accounts receivable-closing balance = (opening net of accounts receivable-closing net of accounts receivable)+(opening balance of bad debt provision-closing balance of bad debt provision).
2. Cash paid for goods and services = main business cost+other business cost (corresponding to reduced inventory, such as the cost carried forward by sales materials)+unexpected reduction of inventory (referring to the fact that the reduced inventory does not correspond to "main business cost" and "other business expenses").
Such as: materials collected by management department)+current input tax+(ending balance of inventory-ending balance of inventory)+(ending balance of accounts payable-ending balance of bills payable)+(ending balance of prepayments-ending balance of prepayments)-unexpected increase of inventory (wages of employees included in production costs and manufacturing expenses in this period+depreciation expenses included in production costs and manufacturing expenses in this period).
It should be noted here that the opening and closing balances of inventory cannot be found in the report, and should be deduced as follows: closing balance of inventory-opening balance = (closing net of inventory-opening net of inventory)+(closing balance of inventory depreciation reserve-opening balance of inventory depreciation reserve).
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Baidu Encyclopedia-Balance Sheet
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