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    Faiz Technologies Trail Balance

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    Yahia Mustafa
    1. The document is a trial balance sheet listing various income, expense, asset, liability, and capital accounts with their corresponding debit and credit amounts. 2. Total debits and credits are Rs. 787,711. 3. Major income comes from fee income of Rs. 368,831 while major expenses are teacher salaries of Rs. 173,350 and office rent of Rs. 60,209.

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    Faiz Technologies Trail Balance

    Uploaded by

    Yahia Mustafa
    9 views3 pages
    1. The document is a trial balance sheet listing various income, expense, asset, liability, and capital accounts with their corresponding debit and credit amounts. 2. Total debits and credits are Rs. 787,711. 3. Major income comes from fee income of Rs. 368,831 while major expenses are teacher salaries of Rs. 173,350 and office rent of Rs. 60,209.

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    1. The document is a trial balance sheet listing various income, expense, asset, liability, and capital accounts with their corresponding debit and credit amounts. 2. Total debits and credits are Rs. 787,711. 3. Major income comes from fee income of Rs. 368,831 while major expenses are teacher salaries of Rs. 173,350 and office rent of Rs. 60,209.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    9 views3 pages

    Faiz Technologies Trail Balance

    Uploaded by

    Yahia Mustafa
    1. The document is a trial balance sheet listing various income, expense, asset, liability, and capital accounts with their corresponding debit and credit amounts. 2. Total debits and credits are Rs. 787,711. 3. Major income comes from fee income of Rs. 368,831 while major expenses are teacher salaries of Rs. 173,350 and office rent of Rs. 60,209.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 3

    Faiz Technologies Trail balance Link Head of account Debit (Rs.) Credit (Rs.

    Income 1 Fee Income Expenditures Direct expenses


    2 3

    368,831

    Eyebeam cost (Calling software) Teacher Salaries Direct overhead Salaries (Admin) Utility bills House rent Office rent Printing & Stationary Transportation Consumable Communication Charges POL Repair & Maintenance Entertainment Registration Bank charges Misc. Expenses

    54,000 173,350

    4 5 6 7 8 9 10 11 12 13 14 15 16 17

    27,098 6,000 22,000 400 740 3,945 6,100 2,700 20,750 57,099 60,209

    Assets
    18 19 20

    Office fixture and furntiures Computer Equipment Office Equipments Air condition

    51,830 112,490 80,880 36,200

    Current assets Advances and Deposits 21 Security deposits 22 Advance Rent

    25,000 11,000

    23

    Advance salaries

    Receivables 24 Fee receivables 25 Receivable from Uzair Bank and cash 26 Bank Account 27 Cash in hand Liabilities 28 Loan from Fayyaz 29 Loan from Nasir 30 Loan from Uzair Bills payables Capital Account 31 Fayyaz Account 32 Nasir 33 Uzair Total

    10,302

    25,618

    133,880 85,000 -

    100,000 100,000

    787,711 -

    787,711

    787,711

    787,711

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