Mini Bazar

Adjusted Trial Balance

As On December 31, 2014
Dr.($) Cr. ($)
Cash 26000
Cash at bank 60000
Investment 15000
Car 4000
Truck 7000
Accumulated Depreciation: Car 1000
Accumulated Depreciation: Truck 2000
Sales Return & Allowance 2000
Sales 180000
Cost of Good Sold 83000
Inventory 5000
Accounts Payable 3000
Salary expense 2000
Rent 5000
Travelling 7000
Interest Expense 1000
Retained earnings 6000
Ad Expense 16000
Accounts Receivables 80000
General reserve 1000
Revaluation reserve 5000
6 Months Loan 25000
Debenture 70000
Share Capital 20000
Total 313000 313000

Additional Information: The balance of share Capital as on January 2014 was $5000
Preaper a income statement for the year ended as on December 31, a balance sheet, and
a stateemnt of change of equity
 Mini Bazar Mini Bazar

Income Statement Balance Sheet

For the year ended 31st Dec 2014 As on 31st Dec 2014
Amount $ Amount $
Sales 180,000 Asset
(-) Sales return & allowance (2,000) Current Asset
Net sales 178,000
Less: Cost of goods sold 83,000
Gross Profit 95,000
Less: Expenses
Salary 2,000
Rent 5,000 Non Current Assest
Travelling 7,000
Ad expense 16,000
Total operating expense 30,000
Finance expense 1,000

Net profit before tax 64,000

Tax -
Net Profit 64,000

ce sheet, and
 Amount $ Amount $ Amount $

Cash 26000
Cash at bank 60000
Inventory 5000
Accounts Receivables 80000
Total current assets 171000

Investment 15000
Car 4000
Less: Accu. Depre 1000
3000
Truck 7000
Less: Accu. Depre 2000
5000
Total non current assest 23000
Total Assets 194000