Two Wheeler Service Center on Cash Basis Amount

Capital brought into business 2,000,000

Purchase of Wheel Aligner & Compressor 1,200,000
Wages paid to Technician 450,000
Spare parts purchased and amount paid 240,000
Cleaning charges paid 60,000
Depreciation of Machines 50,000
Service completed and cash received 640,000
Salary paid to Manager 120,000
Food expenses of workers paid 80,000
Spare parts used for the completed services 200,000

Balance Sheet Two Wheeler Service Center on Cash basis

Liabilities Amount Assets Amount
Equity Long Term Assets
Owner's Capital 2,000,000 Wheel Aligner & Compress 1,200,000
Profit / (Loss) 10,000 Less: Depreciation (50,000)

Long Term Liabilities

Short Term Assets

Spare parts unused 40,000
Short Term Liabilities

Cash in Hand 820,000

2,010,000 2,010,000
-

Manufacturing of Note Books on Cash Basis Amount

Capital brought into business 2,000,000
Purchase of Printing & Cutting Machine 1,200,000
Purchase of Paper & Board for Cash (RM) 400,000
Ink Purchased for Cash (RM) 100,000
Power Charges paid 40,000
Depreciation of Machines 80,000
60% Note Books produced are sold & cash received 700,000
Salary of the Supervisor 50,000
Repair charges paid 40,000
Note Books produced 400,000

Balance Sheet Manufacturing of Note Books on Cash Basis

Liabilities Amount Assets Amount
Equity Long Term Assets
Owner's Capital 2,000,000 Printing & Cutting Machin 1,200,000
Profit / (Loss) 250,000 Less: Depreciation (80,000)

Long Term Liabilities

Short Term Assets

Paper & Board Inventory 80,000
Short Term Liabilities Fevicol & Gum 20,000
Paper Bags Unsold 160,000
Cash in Hand 870,000

2,250,000 2,250,000
-

Paper & Board purchased 400,000

Ink purchased 100,000
500,000

Paper & Board consumed 320,000

Ink Consumed 80,000
Note Books Produced 400,000

Cost of Note books Produced

Paper & Board 192,000
Ink 48,000
Note books Sold 240,000
Paper & Ink consumed for the sold units should only be shown
Balance Paper & Ink will be kept as Inventory
Balance Note Books produced will be kept as Inventory

Tailoring Shop on Cash basis Amount

Capital brought into business 800,000
Purchase of Sewing Machine 250,000
Salary paid to Tailors 160,000
Purchase of Supplies 100,000
Rent paid 30,000
Depreciation of Machines 30,000
Job Completed and Cash received 240,000
Packing material consumed 5,000
Power charges paid 8,000
Supplies used for Completed jobs 80,000

Balance Sheet Tailoring Shop on cash basis

Liabilities Amount Assets Amount
Equity Long Term Assets
Owner's Capital 800,000 Sewing machine 250,000
Profit / (Loss) (73,000) Less: Depreciation (30,000)

Long Term Liabilities

Short Term Assets

Supplies unused 20,000
Short Term Liabilities

Cash in Hand 487,000

727,000 727,000
-

Manufacturing of Pencils on Cash basis Amount

Capital brought into business 2,500,000
Purchase of Milling & Painting Machine 1,800,000
Purchase of Graphite & Clay for Cash 400,000
Colouring pigments purchased for Cash 100,000
Power Charges paid 120,000
Depreciation of Machines 180,000
80% of Completed Pencils Sold 800,000
Wages paid to workers 80,000
Repair charges paid 50,000
Pencils Produced 400,000
Balance Sheet Manufacturing of Pencils on Cash Basis
Liabilities Amount Assets Amount
Equity Long Term Assets
Owner's Capital 2,500,000 Moulding Machine 1,800,000
Profit / (Loss) 50,000 Less: Depreciation (180,000)

Long Term Liabilities

Short Term Assets

Graphite & Clay inventory 80,000
Short Term Liabilities Pigments Inventory 20,000
Pencils unsold 80,000
Cash in Hand 750,000

2,550,000 2,550,000
-

Graphite & Clay 400,000

Colouring Pigments 100,000
500,000

Graphite & Clay consumed 320,000

Colouring pigments cons 80,000
Pencils Produced 400,000

Cost of Pencils produced

Graphite & Clay 256,000
Colouring Pigments 64,000
Pencils Sold 320,000
Graphite & Clay consumed for the sold units should only be sh
Balance Graphite & Clay will be kept as Inventory
Balance Pencils produced will be kept as Inventory

Two Wheeler Service Center on Credit basis Amount

Capital brought into business 1,000,000
Purchase of Wheel Aligner & Compressor on loan 1,200,000
Wages paid to Technician 120,000
Spare parts purchased and amount not paid 360,000
Cleaning charges paid 80,000
Depreciation of Machines 50,000
Service completed and cash not received 820,000
Cash received from Customer 600,000
Spare parts due amount paid 300,000
Spare parts used for the completed services 300,000

Balance Sheet Two Wheeler Service Center on Credit basis

Liabilities Amount Assets Amount
Equity Long Term Assets
Owner's Capital 1,000,000 Wheel Aligner & Compress 1,200,000
Profit / (Loss) 270,000 Less: Depreciation (50,000)

Long Term Liabilities

Loan for Computer 1,200,000
Short Term Assets
Spare Parts not used 60,000
Short Term Liabilities
Spare Parts dues 60,000 Service charges dues 220,000
Cash in Hand 1,100,000

2,530,000 2,530,000
-

Manufacturing of Note Books on Credit basis Amount

Capital brought into business 1,000,000
Purchase of Printing & Cutting Machine on Loan 1,200,000
Purchase of Paper & Board on Credit 600,000
Ink Purchased on Credit 150,000
Power Charges paid 60,000
Depreciation of Machines 120,000
80% Note Books produced are sold on credit 1,200,000
Cash received from Customer 800,000
Payment for Paper, Board & Ink Dues 500,000
Note Books produced 700,000

Balance Sheet Manufacturing of Note Books on Credit basis

Liabilities Amount Assets Amount
Equity Long Term Assets
Owner's Capital 1,000,000 Printing & Cutting Machin 1,200,000
Profit / (Loss) 460,000 Less: Depreciation (120,000)

Long Term Liabilities

Loan for Machine 1,200,000
Short Term Assets
Paper & Board unused 40,000
Short Term Liabilities Ink unused 10,000
Paper, Board & Ink Supplie 250,000 Note books unsold 140,000
Dues from Customer 400,000
Cash in Hand 1,240,000

2,910,000 2,910,000
-

Paper & Board Purchased 600,000

Ink Purchased 150,000
Paper Bag Produced 750,000

Cost of Note Books produced

Paper & Board 560,000
Ink consumed 140,000
Note Books produced 700,000

Cost of Pencils produced

Paper & Board 448,000
Ink Consumed 112,000
Pencils Sold 560,000
Paper & Board and Ink consumed for the sold units should onl
Balance Paper & Board and Ink will be kept as Inventory
Balance Note Books produced will be kept as Inventory

Tailoring Shop on Credit basis Amount

Capital brought into business 400,000
Purchase of Sewing Machine on Loan 350,000
Salary paid to Tailors 200,000
Purchase of Supplies on Credit 140,000
Rent & power charges paid 40,000
Depreciation of Machines 35,000
Job Completed and Cash not received 360,000
Cash received from Customer 300,000
Payment for supplies purchased 100,000
Supplies used for Completed jobs 100,000

Balance Sheet Tailoring Shop on Credit basis

Liabilities Amount Assets Amount
Equity Long Term Assets
Owner's Capital 400,000 Sewing Machine 350,000
Profit / (Loss) (15,000) Less: Depreciation (35,000)

Long Term Liabilities

Loan for Machine 350,000
Short Term Assets
Supplies unused 40,000
Short Term Liabilities
Dues for Supplies 40,000 Dues from Customer 60,000
Cash in Hand 360,000

775,000 775,000
-

Manufacturing of Pencils on Credit basis Amount

Capital brought into business 1,500,000
Purchase of Milling & Painting Machine on Loan 2,000,000
Purchase of Graphite & Clay for credit 800,000
Colouring pigments purchased for credit 200,000
Power Charges & wages paid 180,000
Depreciation of Machines 200,000
80% of Completed Pencils Sold on Credit 1,200,000
Cash received from Customer 1,000,000
Payment made to Graphite & Pigment suppliers 600,000
Pencils Produced 800,000

Balance Sheet Manufacturing of Pencils on Credit basis

Liabilities Amount Assets Amount
Equity Long Term Assets
Owner's Capital 1,500,000 Milling & Painting Machin 2,000,000
Profit / (Loss) 180,000 Less: Depreciation (200,000)

Long Term Liabilities

Loan for machine 2,000,000
Short Term Assets
Dues from Customer 200,000
Short Term Liabilities Graphite & Clay unused 160,000
Dues to Suppliers 400,000 Colouring pigments unuse 40,000
Pencils unsold 160,000
Cash in Hand 1,720,000

4,080,000 4,080,000
-

Graphite & Clay 800,000

Colouring Pigments 200,000
1,000,000

Graphite & Clay 640,000

Colouring Pigments 160,000
Pencils Produced 800,000

Cost of Pencils produced

Graphite & Clay 512,000
Colouring Pigments 128,000
Pencils Sold 640,000
Graphite & Clay consumed for the sold units should only be sh
Balance Graphite & Clay will be kept as Inventory
Balance Pencils produced will be kept as Inventory
Income Statement Cash Flow Statement
Particulars Amount Transaction
Revenue
Service charges received 640,000 Capital Brought into Business
Purchase of Wheel Aligner & Compressor
Wages paid to Technician
Direct Cost Spare parts purchased for cash
Technician Wages 120,000 Cleaning Charges paid
Spare parts used 200,000 Service Charges received
Manager Salary paid
Indirect Cost Food Expenses to workers
Cleaning Charges 60,000
Manager Salary 120,000
Food Expenses to Workers 80,000

Usage of Asset
Depreciation on Machines 50,000

10,000
 Income Statement Cash Flow Statement
Particulars Amount Transaction
Revenue
Sale of Paper Bags 700,000 Capital Brought into Business
Purchase of Printing & Cutting Machine
Paper & Board purchased
Direct Cost Ink purchased for cash
Paper & Board 192,000 Power Charges paid
Ink 48,000 Sale of Note Books
Power Charges 40,000 Salary to Supervisor
Indirect Cost Repair charges paid
Supervisor Salary 50,000
Repair Charges paid 40,000

Usage of Asset
Depn on Machine 80,000

250,000

60%
ld units should only be shown in Income Statement
as Inventory
ill be kept as Inventory
Income Statement Cash Flow Statement
Particulars Amount Transaction
Revenue
Job completed 240,000 Capital Brought into Business
Purchase of Sewing Machine
Salary paid to Tailors
Direct Cost Supplies purchased
Tailor's Salary 160,000 Rent paid
Supplies purchased 80,000 Job Completed & cash received
Packing Material
Indirect Cost Power charges paid
Rent paid 30,000
Packing Material 5,000
Power Charges paid 8,000

Usage of Asset
Depn on Machine 30,000

(73,000)
 Income Statement Cash Flow Statement
Particulars Amount Transaction
Revenue
Sale of Pet Bottles 800,000 Capital Brought into Business
Purchase of Milling & painting machine
Graphite & Clay purchased
Direct Cost Colouring Pigments purchased
Graphite & Clay 256,000 Power Charges paid
Colouring Pigments 64,000 Sale of Pencils
Power Charges paid 120,000 Wages paid to workers
Wages paid to workers 80,000 Repair charges paid
Indirect Cost
Repairs & Maintenance 50,000

Usage of Asset
Depn on Machine 180,000

50,000

80%
he sold units should only be shown in Income Statement
kept as Inventory
e kept as Inventory
Income Statement Cash Flow Statement
Particulars Amount Transaction
Revenue
Services completed 820,000 Capital Brought into Business

Wages paid to Technician

Direct Cost Cleaning charges paid
Technician Wages 120,000 Service charges collected
Spare parts used 300,000 Spare parts dues paid

Indirect Cost
Cleaning Charges paid 80,000

Usage of Asset
Depreciation on Machines 50,000

270,000

Income Statement Cash Flow Statement

Particulars Amount Transaction
Revenue
 Sale of Paper Bags 1,200,000 Capital Brought into Business
Power Charges paid
Cash received from Customer
Direct Cost Payment to Suppliers
Paper & Board 448,000
Ink consumed 112,000
Power Charges paid 60,000
Indirect Cost
Clearning Material -
Repairs & Maintenance -

Usage of Asset
Depn on Machine 120,000

460,000

80%
d for the sold units should only be shown in Income Statement
will be kept as Inventory
ill be kept as Inventory
Income Statement Cash Flow Statement
Particulars Amount Transaction
Revenue
Service charges 360,000 Capital Brought into Business
Salary paid to Tailors
Power charges & rent paid
Direct Cost Collection from Customer
Tailor's Salary paid 200,000 Payment towards purchase of Supplies
Supplies used 100,000

Indirect Cost
Power & rent paid 40,000

Usage of Asset
Depn on Machine 35,000

(15,000)

Income Statement Cash Flow Statement

Particulars Amount Transaction
Revenue
Sale of Pencils 1,200,000 Capital Brought into Business
 Power Charges & Wages paid
Collection from Customer
Direct Cost Payment to Suppliers
Graphite & Clay 512,000
Colouring Pigments 128,000
Power Charges & Wages 180,000
Indirect Cost

Usage of Asset
Depn on Machine 200,000

180,000

80%
he sold units should only be shown in Income Statement
kept as Inventory
e kept as Inventory
 Cash Inflow Cash outflow Balance

2,000,000 2,000,000
ompressor 1,200,000 800,000
120,000 680,000
240,000 440,000
60,000 380,000
640,000 1,020,000
120,000 900,000
80,000 820,000
820,000
820,000
820,000
820,000
820,000
820,000
Cash Inflow Cash outflow Balance

2,000,000 2,000,000
1,200,000 800,000
400,000 400,000
100,000 300,000
40,000 260,000
700,000 960,000
50,000 910,000
40,000 870,000
870,000
870,000
870,000
870,000
870,000
870,000
Cash Inflow Cash outflow Balance

800,000 800,000
250,000 550,000
160,000 390,000
100,000 290,000
30,000 260,000
240,000 500,000
5,000 495,000
8,000 487,000
487,000
487,000
487,000
487,000
487,000
487,000
Cash Inflow Cash outflow Balance

2,500,000 2,500,000
1,800,000 700,000
400,000 300,000
100,000 200,000
120,000 80,000
800,000 880,000
80,000 800,000
50,000 750,000
750,000
750,000
750,000
750,000
750,000
750,000
Cash Inflow Cash outflow Balance

1,000,000 1,000,000
1,000,000
120,000 880,000
80,000 800,000
600,000 1,400,000
300,000 1,100,000
1,100,000
1,100,000
1,100,000
1,100,000
1,100,000
1,100,000
1,100,000
1,100,000

Cash Inflow Cash outflow Balance

1,000,000 1,000,000
60,000 940,000
800,000 1,740,000
500,000 1,240,000
1,240,000
1,240,000
1,240,000
1,240,000
1,240,000
1,240,000
1,240,000
1,240,000
1,240,000
1,240,000
Cash Inflow Cash outflow Balance

400,000 400,000
200,000 200,000
40,000 160,000
300,000 460,000
100,000 360,000
360,000
360,000
360,000
360,000
360,000
360,000
360,000
360,000
360,000

Cash Inflow Cash outflow Balance

1,500,000 1,500,000
 180,000 1,320,000
1,000,000 2,320,000
600,000 1,720,000
1,720,000
1,720,000
1,720,000
1,720,000
1,720,000
1,720,000
1,720,000
1,720,000
1,720,000
1,720,000