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  • Kapoor Software LTD

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    1) Kapoor Software Ltd's balance sheet shows changes in assets, liabilities, and equity from June 1-July 5. 2) Major assets include debtors, office supplies, computers, and cash. Major liabilities include capital, retained earnings, and creditors. 3) By July 5th, total assets were Rs. 655,550 total liabilities were Rs. 655,550, with retained earnings of Rs. 139,950 for the period.

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    Kapoor Software Ltd

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    1) Kapoor Software Ltd's balance sheet shows changes in assets, liabilities, and equity from June 1-July 5. 2) Major assets include debtors, office supplies, computers, and cash. Major liabilities include capital, retained earnings, and creditors. 3) By July 5th, total assets were Rs. 655,550 total liabilities were Rs. 655,550, with retained earnings of Rs. 139,950 for the period.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    581 views5 pages

    Kapoor Software LTD

    Uploaded by

    luniap
    1) Kapoor Software Ltd's balance sheet shows changes in assets, liabilities, and equity from June 1-July 5. 2) Major assets include debtors, office supplies, computers, and cash. Major liabilities include capital, retained earnings, and creditors. 3) By July 5th, total assets were Rs. 655,550 total liabilities were Rs. 655,550, with retained earnings of Rs. 139,950 for the period.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 5

    KAPOOR SOFTWARE LTD

    CLOSING CLOSING CLOSING


    CLOSING CLOSING BALANCE BALANCE BALANCE
    OPENING BALANCE BALANCE SHEET SHEET SHEET AFTER
    BALANCE SHEET CLOSING BALANCE SHEET AFTER Jun AFTER Jun TRANS 19 Jun
    ITEM SHEET 1-Jun AFTER jun 1 2-Jun SHEET AFTER Jun 2 8-Jun AFTER Jun 8 10-Jun 10 16-Jun 16 19 jun & 20 jun & 20th Jun

    ASSETS [OWNED]                          

    Debtors             0 +13800 13800   13800 -12400+12600 14000

    Office supplies         0 +2170 2170   2170 -490 1680   1680

    Computer 0 +25000 25000   25000   25000   25000   25000   25000

    Cash 0 42000 42000 -1300 40700   40700   40700 -1680 39020 +12400 51420

    TOTAL ASSETS   67000 65700 67870 81670 79500 92100

    LIABILITIES
    [OWED]                          

    Capital 0 +40000 40000   40000   40000   40000   40000   40000

    Retained Earnings     0 -1300 -1300   -1300 +13800 12500   12500 +12600 25100

    Outstanding bill                          

    Bank loan 0 +12000 12000   12000   12000   12000   12000   12000

    Creditors Off supplies         0 +2170 2170   2170 -2170 0   0

    Creditor services                         0

    Creditors   +15000 15000   15000   15000   15000   15000   15000

    TOTAL LIABILITIES   67000 65700 67870 81670 79500 92100


    CLOSING CLOSING CLOSING CLOSING
    BALANCE CLOSING BALANCE BALANCE BALANCE
    SHEET BALANCE SHEET SHEET SHEET
    AFTER SHEET AFTER AFTER AFTER
    TRANS 23 AFTER Jun TRANS 28 TRANS 29 TRANS 30
    ITEM 23-Jun Jun 27-Jun 27 28-Jun Jun 29-Jun Jun 30-Jun Jun

    ASSETS [OWNED]                    
    Debtors   14000   14000 -5200 8800   8800   8800
    Office supplies   1680 +450 2130   2130   2130 -530 1600
    Computer   25000   25000   25000   25000   25000
    Cash +1600 53020 -450 52570 +5200 57770 -12120 45650 -8820 36830
    TOTAL ASSETS 93700 93700 93700 81580 72230

    LIABILITIES
    [OWED]                    
    Capital   40000   40000   40000   40000   40000
    Retained Earnings   25100   25100   25100 -120 24980 -9730 15250
    Outstanding bill               0 +380 380
    Bank loan   12000   12000   12000 -12000 0   0
    Creditors Off supplies   0   0   0   0   0
    Creditor services +1600 1600   1600   1600   1600   1600
    Creditors   15000   15000   15000   15000   15000
    TOTAL LIABILITIES 93700 93700 93700 81580 72230
    CLOSING BALANCE CLOSING BALANCE CLOSING BALANCE
    SHEET AFTER SHEET AFTER July SHEET AFTER
    ITEM 1-Jul TRANS 1 July 3rd & 4th July 3&4 5-Jul TRANS Jul 5

    ASSETS [OWNED]            
    Debtors   8800   8800   8800
    Office supplies   1600 +1930 3530   3530
    Computer   25000   25000   25000
    Cash -1680 35150 -1930 33220 -5000 28220
    TOTAL ASSETS 70550 70550 65550

    LIABILITIES
    [OWED]            
    Capital   40000   40000   40000
    Retained Earnings -1300 13950   13950   13950
    Outstanding bill -380 0   0   0
    Bank loan   0   0   0
    Creditors Off supplies   0   0   0
    Creditor services   1600   1600   1600
    Creditors   15000   15000 -5000 10000
    TOTAL LIABILITIES 70550 70550 65550
    Income statement
    Income Statement(For the month ended June 30)

    Revenue:

    Revenue from services = 26400

    Expenses:

    Salary = 8820

    Rent 1300

    Interests 120

    Electricity
    Bill 380

    Office
    supplies 530

    Total Expenses = 11150

    Net Profit 15250

    Retained profit = 15250

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