S.

NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15a
15b
16
17
18
19
20
A1(i)
A1(ii)
A2

Particulars
Cash
Capital introduced
200,000
Machinery Purchased -20,000
Goods Purchased
-24000
Sold goods to om
20000
Puchase goods
Introduce new capital
16000
commision in advance
2000
Paid to creditor
-10500
Drawings
-10000
Rent paid
-10000
Payment for stationary
-400
Sales good
2000
Expenses outstnading
Accured interest
Depreciation
Wages paid
-4000
Wages outstanding
Computer purchased
-15000
deposited to bank
-90000
Goods Purchased
Loan
50000
Incorporation charges
-5000
Repay of loan
-50000
Interest paid
-2000
Incorporation charges
.
TOTAL
49,100

Bank
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
90000
-8000
.
.
.
.
.
82,000

Assets
Machine
.
20,000
.
.
.
.
.
.
.
.
.
.
.
.
-2000
.
.
.
.
.
.
.
.
.
.
18,000

Inventory
.
.
24000
-9500
14000
.
.
.
.
.
.
-12000
.
.
.
.
.
.
.
8000
.
.
.
.
.
24,500

Balance Sheet Of MR. X

as on 31st march 2014
Particulars
Assets:Current assets

Amount(Rs

Cash
Bank
Account recievable
Inventory
Accured interest
Non current assets
Machine
Computer
Total Assets
Liablilities:Current liabilities
Account payable
Other C.L
Owners Equity
Capital stock
Retained Earning
Total Liabilities

Income Statement of Mr. X

as on 31st march 2014
Particulars
Revenue:
Profit on sales
Profir from creitor
Accured interest
Total Revenue
Expenses :Rent
Stationary
Outstanding expense
Depreiciation
Wages
Wages outstanding
Interest paid
Incorporation cost
Total Expenses
Net Income

Amount(Rs)
14500
3500
15000
33000

10000
400
2000
2000
4000
4000
2000
5000
29400
3600

.=
Computer
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
30000
.
.
.
.
.
.
30,000

F.A Accured interest

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
15,000
.
.
.
.
.
.
.
.
.
.
.
.
.
.
5000
.
.
.
.
.
-5000
.
0
15,000

AR
.
.
.
.
.
.
.
.
.
.
.
14000
.
.
.
.
.
.
.
.

Loan
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
50000

.
.
.
14,000

-50000
.
.
0

Liabilities
Other C.L
.
.
.
.
.
.
2000
.
.
.
.
.
2000
.

4000
.

.
.
8,000

AP
.
.
.
.
14000
.
.
-14000
.
.
.
.
.
.
.
.
.
15000
.
.
.
.
.
.
.
15,000

Amount(Rs)

49100
82000
14000
24500
15000
18000
30000
232600

15000
8000
206000
3600
232600

ount(Rs)

.+

.
.
0

Shareholder Equity
Shreholder equity
200,000
..
..
..
..
16000
..
..
-10000
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
206,000

.+

Retained earning

..
..
10500
..
..
..
3500
..
-10000
-400
4000
-2000
15000
-2000
-4000
-4000
..
..
..
..
..
..
-2000
-5000
3,600