e

TRANSACTIONS ASSETS LIABILITIES EQUITY RETAINED EARNING

bl
va

y
re

ei

or
t
en

itu

nt
re
vr
sh

ve
rn

ll
ad
ca

fu

in
bi
Jan-01 contributed capital ₹ 500,000 ₹ 500,000
Jan-01 adv rent ₹ (30,000) ₹ 30,000
Jan-01 purchased a furnitutre ₹ (120,000) ₹ 120,000
Jan-31 salary paid ₹ (10,000) ₹ (10,000)
Feb-28 salary paid ₹ (10,000) ₹ (10,000)
Mar-31 other expenses ₹ (100,000) -10000
Mar-31 inventory purchased ₹ (300,000) ₹ 350,000 ₹ 50,000
Mar-31 amount received/yet from customer ₹ 425,000 ₹ 75,000 ₹ 500,000
Mar-31 Depriciation on furniture ₹ (3,000) ₹ (3,000)
Mar-31 rent expenses recognised ₹ (30,000) ₹ 30,000
Mar-31 salary pid ₹ (10,000) ₹ (10,000)
Mar-31 cogs -315,000 ₹ (315,000)

₹ 345,000 ₹ - ₹ 117,000 ₹ 75,000 ₹ 35,000 ### ₹ 50,000 ₹ 500,000 ₹ 172,000

RETAINED EARNING

salary
salary

revenue

rent
salary
TRANSACTIONS ASSETS

₹ - ₹ - ₹ - ₹ - ₹ 35,000 ###
LIABILITIES EQUITY RETAINED EARNING

₹ - ₹ - ₹ -
income statement of PBTS for the period of 31.03.2019
MARCH
AMOUNT AMOUNT
REVENUE 500,000
EXPENSES
salary 30000
rent 30000
oth exp 100000
Dep 3000
COGS 315000 478000
profit 22,000
Balance sheet of PBTS as on 31.03.2019

Asset amt
cash 345000
furniture 117000
BR 75000
Inventory 35000

total 572000

liability amt
BP 50000

EQUITY 500000
RETAINED 22,000

572000