Balance Sheet as on 1st January, 2019

Assets Liabilities and

Owner's Equity
Current Assets Owner's Equity

1. Cash and cash equivalent 10,00,000 1. Share capital 10,00,000

Total Assets 10,00,000 Total liabilities and 10,00,000

owner’s equity
 Balance Sheet as on 2nd January, 2019

Assets Liabilities and

Owner's Equity
Current Assets Owner's Equity

1. Cash and cash equivalent 6,80,000 1. Share capital 8,80,000

6,80,000

Non -current Assets

1. Equipment 2,00,000

2,00,000

Total Assets 8,80,000 Total liabilities and 8,80,000

owner’s equity
 Balance Sheet as on 4th January, 2019

Assets Liabilities and

Owner's Equity
Current Assets Owner's Equity

1. Cash and cash equivalent 6,80,000 1. Share capital 8,80,000

2. Inventory 5,00,000

11,80,000 8,80,000

Non -current Assets Current Liabilities

1. Equipment 2,00,000 1. Accounts payable 5,00,000

2,00,000 5,00,000

Total Assets 13,80,000 Total liabilities and 13,80,000

owner’s equity
 Balance Sheet as on 1st February, 2019

Assets Liabilities and

Owner's Equity
Current Assets Owner's Equity

1. Cash and cash equivalent 10,80,000 1. Share capital 10,80,000

2. Inventory 2,00,000

3. Accounts receivable 1,00,000

13,80,000 10,80,000

Non -current Assets Current Liabilities

1. Equipment 2,00,000 1. Accounts payable 5,00,000

2,00,000 5,00,000

Total Assets 15,80,000 Total liabilities and 15,80,000

owner’s equity
 Balance Sheet as on 5th May, 2019

Assets Liabilities and

Owner's Equity
Current Assets Owner's Equity

1. Cash and cash equivalent 6,80,000 1. Share capital 10,80,000

2. Inventory 2,00,000

8,80,000 10,80,000

Non -current Assets

1. Equipment 2,00,000

2,00,000

Total Assets 10,80,000 Total liabilities and 10,80,000

owner’s equity