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  • Pizaanut Balance Sheet As On 30 April 2020 Assets

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    Anindya Basu
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    The document contains balance sheets for Pizaanut as of April 30, 2020 and May 31, 2020. The April 30 balance sheet shows total assets of Rs. 266056 including a bank balance of Rs. 44750, equipment of Rs. 57000, and inventory of Rs. 45500. Total liabilities and equity are also Rs. 266056 including a bank loan of Rs. 75000 and accounts payable of Rs. 40000. The May 31 balance sheet shows total assets of Rs. 203312 including a bank balance of Rs. 8500, equipment of Rs. 57000, and inventory of Rs. 20200. Total liabilities and equity are also Rs.

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    The document contains balance sheets for Pizaanut as of April 30, 2020 and May 31, 2020. The April 30 balance sheet shows total assets of Rs. 266056 including a bank balance of Rs. 44750, equipment of Rs. 57000, and inventory of Rs. 45500. Total liabilities and equity are also Rs. 266056 including a bank loan of Rs. 75000 and accounts payable of Rs. 40000. The May 31 balance sheet shows total assets of Rs. 203312 including a bank balance of Rs. 8500, equipment of Rs. 57000, and inventory of Rs. 20200. Total liabilities and equity are also Rs.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    21 views6 pages

    Pizaanut Balance Sheet As On 30 April 2020 Assets

    Uploaded by

    Anindya Basu
    The document contains balance sheets for Pizaanut as of April 30, 2020 and May 31, 2020. The April 30 balance sheet shows total assets of Rs. 266056 including a bank balance of Rs. 44750, equipment of Rs. 57000, and inventory of Rs. 45500. Total liabilities and equity are also Rs. 266056 including a bank loan of Rs. 75000 and accounts payable of Rs. 40000. The May 31 balance sheet shows total assets of Rs. 203312 including a bank balance of Rs. 8500, equipment of Rs. 57000, and inventory of Rs. 20200. Total liabilities and equity are also Rs.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 6

    Pizaanut Balance sheet as on 30 April 2020

    Separate Concept Assets


    Dual aspect Bank 44750
    Convervatism
    Materilality Lease Deposit 40000
    Maoney measurement Rent Paid in Advance 0
    Accrual Ovan 35000
    Going concern Equipment 57000
    Inventory (Supplies) 45500
    Van 38889
    Incorporation Charges 4917

    266056

    Assets
    Bank 8500

    Lease Deposit 40000


    Rent Paid in Advance 0
    Ovan 35000
    Equipment 57000
    Inventory (Supplies) 20200
    Van 37778
    Incorporation Charges 4834

    203312
    t Balance sheet as on 30 April 2020
    Equity and Liability Income Statement (P & L) for April 2020
    Equity 105000 Sale
    RE -53944 Materials consumed
    Interest
    Bank Loan 75000 Rent
    Salary (Delivery boy)
    Note Payable 45000 Salary (Vishy)
    Advance received from IMT 20000 Depreciation on Van
    Accounts Payable 40000 Utilility bill
    Outstanding salary 35000 Incor. Written -off

    Profit

    266056

    Income Statement (P & L) for May 2020


    Equity and Liability Sale
    Equity 105000 Material consumed
    RE -26688 Rent
    Interest
    Bank Loan 75000 Salary (Del)
    Dep on Van
    Note Payable 0 Utilities
    Advance received from IMT 15000 Write-Off
    Accounts Payable 0 Vishy's Salaray
    Outstanding salary 35000

    Profit
    Dividend
    Tranfeered to RE
    203312
    Statement (P & L) for April 2020
    12000
    -2500
    -750
    -15000
    -5500
    -35000
    -1111
    -6000
    -83

    -53944

    Statement (P & L) for May 2020


    140000
    -25300
    -15000 RE till april end 60000 Proft for April 60000
    -750 RE till May end 75000
    -5500 May 15000 Only solution?
    -1111 another solution
    -15000
    -83
    -35000

    RE as 31 March 2019 350000


    RE as 31 March 2020 420000
    42256
    15000 A) 2019-20( (FY) 70000 Only possible? Other answ
    27256

    B) FY 2019-20 200000
    Dividend 130000
    Transferred to RE 70000
    Proft for April 60000

    Only solution?
    another solution

    Only possible? Other answers ?


    Income Statement Balance Sheet (BS)
    Fees Revenue 7500 Liabilities and Equity Amount
    Supplies consumed -800 Equity
    Wages -2125 Capital 25000
    Rent -800 RE 1050
    Utilities -450
    Miscell -275
    Liabilities
    Net Profit 3050 Accounts Payable 400
    Cash Dividend* -2000 26450
    Profit to BS 1050

    *Will discuss about dividend in the class


    alance Sheet (BS) Cash Flow Statement
    Assets Amount Receipts
    Cash 5900 Capital 25000
    Land 20000 Fees revenue 7500
    Supplies 550 Payments
    Purchase of Land -20000
    Wages -2125
    Rent -800
    Utilities -450
    26450 Miscell -275
    Payment to Creditors -950
    Cash dividend -2000

    5900

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