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Balance Sheet (Opening) Asset Rs. Equities & Liabilities Rs

This document contains balance sheets and financial statements for a company. The opening balance sheet shows total assets of Rs. 590,000 consisting of buildings, vehicles, cash, accounts receivable, and stock. Total equities and liabilities of Rs. 590,000 include capital, accounts payable, and accumulated profits. Additional information provided includes details of capital expenditures, expenses, collection and payment activities, and the ending balance sheet and income statement.

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Jitendra Nagvekar
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53 views6 pages

Balance Sheet (Opening) Asset Rs. Equities & Liabilities Rs

This document contains balance sheets and financial statements for a company. The opening balance sheet shows total assets of Rs. 590,000 consisting of buildings, vehicles, cash, accounts receivable, and stock. Total equities and liabilities of Rs. 590,000 include capital, accounts payable, and accumulated profits. Additional information provided includes details of capital expenditures, expenses, collection and payment activities, and the ending balance sheet and income statement.

Uploaded by

Jitendra Nagvekar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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BALANCE SHEET (OPENING)

Asset
Building
Vehicle
Cash&Bank
A/c Recievable
Stock in Trade

Rs.

Equities & Liabilities Rs.


100,000 Capital
300,000 A/c Payable
40,000 Accumulated Profit
50,000
100,000
590,000

100,000
200,000
290,000

590,000

Current Activity (Capital Exp.)


Purchase a Computer
Purchase Furnitures

In Cash
On Account
100,000

Non Cash
50,000

Current Activity (Cost &Expenses)


Purchases
Salaries
Rent
Depreciation
Current Activity (Collection of A/R)
& Payment of A/c Payable
Reccived A/c Recievable
Paid A/c Payable

50,000
200,000

100,000
200,000
80,000

30,000
150,000

Current Activity Sale


Sale

Bank Over Draft

Ending Stock in Trade

350,000

80,000

150,000

300,000

BALANCE SHEET (ENDING)


Asset

Rs.

Equities & Liabilitie

INOME STATEMENT
Sale
Less:Cost of Sale
Gross Profit
Less: Expenses
Net Profit/(Loss)

650,000
(100,000)
550,000

Building
Vehicle
Computer
Furniture
Cash&Bank
A/c Recievable
Stock in Trade

(480,000)

80,000
240,000
100,000
50,000
320,000
150,000
940,000

Capital
A/c Payable
Accumulated Profit
Bank O/D

70,000

Cash Flow Statement (Indirect Method)

Profit Befor Tax


Adjustment for non Cash Items
Add:Depreciation
Operating Activities
Less:Increase in Stock
Less:Increase in Receivables
Add: Increase in Payables
Cash Used in Operating Activites
Investing Activities
Less: Increase in Fix Assets
Financing Activities
Add: Bank O/D
Net Increase/(Decrease) in Cash for the year
Add:Cash & Cash equivalent (Opening)

Cash & Cash equivalent (Ending)

NG)
Rs.
100,000
400,000
360,000
80,000

940,000

Cash Flow Statement (Direct Method)


Rs.

Rs.
70,000

Opening Cash Balance

40,000

80,000
150,000
Operating Activities
(50,000)
(270,000)
200,000
30,000

Less:Purchases
Less:Salary paid
Less:Paid To Creditors
Add:Sale Proceeds
Add:Received from Debtors
Cash Used in Operating Activites

(50,000)
(200,000)
(150,000)
350,000
30,000
(20,000)

Investing Activities
(150,000)
Less:Addition in fixed Assets

(100,000)

Financing Activities
80,000
Add: Bank O/D

80,000

(40,000)
Ending Cash Balance
40,000

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