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    Profit and Loss Statement For The Y.E. 31.1.20XX Balance Sheet As On 31.1.20XX Income: Assets

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    Smriti singh
    The profit and loss statement shows total income of Rs. 17590 from services. Total expenses amounted to Rs. 13330, resulting in net profit before tax of Rs. 4260. After accounting for taxes, net profit for the year was Rs. 4260, of which Rs. 1000 was paid out as dividends, leaving retained earnings of Rs. 3260. The balance sheet lists total assets of Rs. 28740, including non-current assets of Rs. 22500 and current assets of Rs. 6240. On the liabilities side, total liabilities

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    Profit and Loss Statement For The Y.E. 31.1.20XX Balance Sheet As On 31.1.20XX Income: Assets

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    Smriti singh
    52 views4 pages
    The profit and loss statement shows total income of Rs. 17590 from services. Total expenses amounted to Rs. 13330, resulting in net profit before tax of Rs. 4260. After accounting for taxes, net profit for the year was Rs. 4260, of which Rs. 1000 was paid out as dividends, leaving retained earnings of Rs. 3260. The balance sheet lists total assets of Rs. 28740, including non-current assets of Rs. 22500 and current assets of Rs. 6240. On the liabilities side, total liabilities

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    Problem 3 &4 solution

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    The profit and loss statement shows total income of Rs. 17590 from services. Total expenses amounted to Rs. 13330, resulting in net profit before tax of Rs. 4260. After accounting for taxes, net profit for the year was Rs. 4260, of which Rs. 1000 was paid out as dividends, leaving retained earnings of Rs. 3260. The balance sheet lists total assets of Rs. 28740, including non-current assets of Rs. 22500 and current assets of Rs. 6240. On the liabilities side, total liabilities

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    52 views4 pages

    Profit and Loss Statement For The Y.E. 31.1.20XX Balance Sheet As On 31.1.20XX Income: Assets

    Uploaded by

    Smriti singh
    The profit and loss statement shows total income of Rs. 17590 from services. Total expenses amounted to Rs. 13330, resulting in net profit before tax of Rs. 4260. After accounting for taxes, net profit for the year was Rs. 4260, of which Rs. 1000 was paid out as dividends, leaving retained earnings of Rs. 3260. The balance sheet lists total assets of Rs. 28740, including non-current assets of Rs. 22500 and current assets of Rs. 6240. On the liabilities side, total liabilities

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Profit and Loss Statement for the y.e. 31.1.20XX Balance Sheet as on 31.1.

    20X
    Income: Assets
    Revenue from Services 17590 Non Current Assets
    Buildings
    Less: Expenses Less: Depreciation
    Salaries 3100 Office Equipments
    Add: Outstanding 3100 6200 Less: Depreciation
    Office Supplies Consumed 1170
    Electricity 380 Current Assets
    Depreciation 4500 Trade Receivables
    Telephone bill 480 Office Supplies
    Rent Expenses 600 13330 Less: Consumed
    Prepaid Rent
    NPBT 4260 Less: Rent Expenses
    Less: Tax 0 Cash
    NPAT 4260 TOTAL ASSETS
    Less: Dividends -1000 Liabilities
    Retained Earnings 3260 Owners Equity
    Share Capital
    Add: Retained Earnings

    Non Current Liabilities

    Current Liabilities
    Trade payables
    Unearned Revenues
    Less: Services Provided
    Outstanding Salaries
    Telephone Bill outstanding
    TOTAL LIABILITIES
    ce Sheet as on 31.1.20XX

    15000
    -1500 13500
    12000
    -3000 9000 22500

    1640
    2140
    -1170 970
    3600
    -600 3000
    630 6240
    28740

    20000
    3260 23260

    1020
    1600
    -720 880
    3100
    480 5480
    28740
    Profit and Loss Statement for the period endin
    Balance Sheet as on 30/6/1989 on 30/6/1989

    Assets Income:
    Non Current Asset Video Tape Rental Revenue
    Land 43000
    Buildings & Renovations 25000
    Less: Depreciation 500 24500 Less: Expenses
    Equipment 6700 Salaries and Wages
    Less : Depreciation 670 6030 Tape Amortisation
    Software 1000 Depreciation ( Total)
    Less:Amortisation 100 900 Legal Fees
    Tape Inventory 100729 175159 Advertising
    Current Asset Interest
    Accounts Receivables 2,200 Office Supplies Consumed
    Prepaid Advertising 3,000 Software Amortisation
    Cash 45,500 50,700
    Total Assets 225,859 Net Profit
    Equity and Liabilities
    Owners Equity
    Share Capital 165000
    Retained Earnings 5609 170,609

    Non Current Liabilities


    Mortgage Payable 33600 33,600

    Current Liabilities
    Accounts Payable 18750
    Accrued Interest 2900 21,650
    225,859
    tement for the period ending
    n 30/6/1989 Category A E I L OC
    CASH,OC 165000 165000
    CASH,LEGAL FEES -2700 2700
    96000
    LAND,LOAN 43000 33600
    BUILDING,CASH 5000
    -14400
    62000 5000
    18021
    1170 CASH, RENOVAT -5000
    2700 TAPES, CASH 100000
    3000 CASH -100000
    2900 CASH, COMPUTER -10700 2140
    500 10700
    100 -90391 DEP, EXP -2140
    CASH,OFFICE SUP -500 6000
    5609 500
    CASH,advertisem -6000
    CASH,TAPES -18750 96000
    18750 32000
    CASH,SALES 96000 30000
    CASH,WAGES -32000 -2900
    CASH,SALARY -30000
    CASH,MORTAGAG -2900

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