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Accounting QUEST
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Financial statements

Statement linking lab

Change an accounting treatment and see every statement move.

Insurance paid on 1 April

2,400 for 12 months of cover; nine months fall in this period.

Depreciation of equipment

12,720 of laptop, monitors, furniture, printer, tablet and camera bought in April and May; four-year life, no residual value.

Salaries for 28–31 December

1,200, paid with the pay run on 8 January.

Kiln & Co. brand guidelines, finished 30 December

2,400 of work, invoiced on 4 January.

Saltmarsh Brewing deposit, received 18 December

2,000 for a rebrand starting in February.

Lumen Design Studio, nine months ended 31 December 2026 — generated from its ledger
LineStandardYour choicesChange
RevenueIncome statement119,920119,920—
ExpensesIncome statement80,76880,768—
Profit (before tax)Income statement39,15239,152—
Total assetsFinancial position74,64274,642—
Total liabilitiesFinancial position18,49018,490—
EquityFinancial position56,15256,152—
Net cash from operating activitiesCash flows29,24729,247—
Cash at 31 DecemberCash flows47,02747,027—

Change a treatment to see how it flows through every statement.

Statement of financial position balances.

Learn it properly

More financial statements simulators

All companies and figures in the simulators are fictional.