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  • Trial Balance: Edopia 2018-2019

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    Muhammad Kashif
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    This trial balance as of June 30, 2019 shows the financial position of Edopia for the 2018-2019 fiscal year. It lists assets such as cash, bank accounts, furniture and buildings totaling over $12 million. Liabilities include accounts payable of $100,000. Revenue was over $56 million from tuition fees. Expenses including salaries, meals, repairs and depreciation totaled over $49 million. The trial balance closes with total debits and credits equaling $66,258,185.82.

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    Trial Edopia

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    This trial balance as of June 30, 2019 shows the financial position of Edopia for the 2018-2019 fiscal year. It lists assets such as cash, bank accounts, furniture and buildings totaling over $12 million. Liabilities include accounts payable of $100,000. Revenue was over $56 million from tuition fees. Expenses including salaries, meals, repairs and depreciation totaled over $49 million. The trial balance closes with total debits and credits equaling $66,258,185.82.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    124 views1 page

    Trial Balance: Edopia 2018-2019

    Uploaded by

    Muhammad Kashif
    This trial balance as of June 30, 2019 shows the financial position of Edopia for the 2018-2019 fiscal year. It lists assets such as cash, bank accounts, furniture and buildings totaling over $12 million. Liabilities include accounts payable of $100,000. Revenue was over $56 million from tuition fees. Expenses including salaries, meals, repairs and depreciation totaled over $49 million. The trial balance closes with total debits and credits equaling $66,258,185.82.

    Copyright:

    © All Rights Reserved
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    of 1

    12:09 PM Edopia 2018-2019

    12/12/19 Trial Balance


    Accrual Basis As of June 30, 2019

    Jun 30, 19
    Debit Credit
    11 · Cash Account:11001 · Cash in Hand 798.00
    12 · Bank Account:12001 · Askari Bank 5213 3,124,098.94
    12 · Bank Account:12002 · Askari Bank 0710 368,508.42
    15 · Advances, Deposits, Prepayments:15001 · Income Tax Deducted At Source 52,368.07
    15 · Advances, Deposits, Prepayments:15003 · Security Deposit 218,328.00
    21 · Directors Account:21001 · Miss Javeria Sethi 0.00
    21 · Directors Account:21002 · Mr Hamza Shoaib 970,000.00
    16 · Assets:16001 · Furniture & Fixture 990,675.00
    16 · Assets:16002 · Office Equipment 1,325,300.00
    16 · Assets:16003 · Computer & Accessories 822,700.00
    16 · Assets:16004 · Hiace 1,200,000.00
    16 · Assets:16006 · Building 4,000,000.00
    17 · Accounts Payable:17004 · Faqir Hussain Sethi 100,000.00
    18 · Expenses Payable:18001 · Income Tax Payable 0.00
    19 · Other Liabilities:19001 · Student Security Fee 0.00
    26 · Opening Balance Equity 8,376,956.74
    27 · Provisions:27001 · Provision for Depreciation 998,408.00
    22 · Revenue:22001 · Tuition Fee 56,772,495.70
    22 · Revenue:22002 · Donation Income 0.00
    22 · Revenue:22003 · Profit on Bank Deposit 10,325.38
    24 · Admin & School Expense:24001 · Annual Resources 243,419.00
    24 · Admin & School Expense:24002 · House Keeping Expenses 759,085.73
    24 · Admin & School Expense:24003 · Fee Refund Expense 784,992.00
    24 · Admin & School Expense:24004 · Legal & Professional Expense 502,636.00
    24 · Admin & School Expense:24005 · Repair & Maintenance Expense 1,465,571.00
    24 · Admin & School Expense:24006 · Meal Expense 2,791,158.00
    24 · Admin & School Expense:24007 · Renovation Expense 5,827,924.00
    24 · Admin & School Expense:24008 · Salaries Teachers 24,608,095.51
    24 · Admin & School Expense:24009 · Printing & Stationary Expense 409,980.00
    24 · Admin & School Expense:24010 · Travelling & Conveyance Expense 160,000.00
    24 · Admin & School Expense:24012 · Utility Expense - Electricity 608,011.00
    24 · Admin & School Expense:24015 · Internet & Communication Exp 706,588.00
    24 · Admin & School Expense:24016 · Staff Welfare Expense 103,150.00
    24 · Admin & School Expense:24017 · Vehicle Running Expense 40,000.00
    24 · Admin & School Expense:24018 · Advertisement Expense 20,900.00
    24 · Admin & School Expense:24019 · Salaries of Support Staff 3,851,474.00
    24 · Admin & School Expense:24020 · Security Services 86,024.00
    24 · Admin & School Expense:24021 · Credit Card Bill 614,213.00
    24 · Admin & School Expense:24022 · TCS & Courier 14,500.00
    24 · Admin & School Expense:24023 · Rent of Building 6,797,500.00
    24 · Admin & School Expense:24024 · Sports & Recreations 653,085.00
    24 · Admin & School Expense:24025 · Transport Services Fee 1,131,834.00
    24 · Admin & School Expense:24026 · Depreciation Expense 998,408.00
    25 · Financial Expenses:25001 · Bank Charges 5,828.60
    25 · Financial Expenses:25003 · Tax on Bank Profit 1,032.55

    TOTAL 66,258,185.82 66,258,185.82

    Page 1

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