Trial balance + company name + date
Trial balance Debit Credit Dr Cr Dr Cr
Balance Sheet Section Adjustments
Capital 80,000 80,000
Drawings 1,000 1,000
Fixed Deposit @ 10% 20,000 20,000
Equipment 75,000 75,000
Acc dep 3750 (W3) 3750
Inventory 15,000 15,000
Debtors Control 12,000 12,000
Allowance for doubtful debts 480 (W5) 480
Prepaid expense: Rent 3000 (W4) 3,000
Accrued income: interest on FD 2000 (W1) 2,000
Bank 6500 6500
Accrued expense : W & E 1850 (W2) 1850
Creditors control 11,350 11,350
Nominal Section
Sales 80,000 80,000
Cost of sales 8,200 8,200
Intrest income 2000 2000
Rent expense 33,000 3000 33,000 3000
Water and electricity 650 1850 2500
Deperication 3750 3750
Bad debts 480 480
171,350 171,350 5600 5000 182,430 182,430
Workings Trial balance
1 2000 Balance Sheet Section
2 1850 Capital 80,000
3 3750 Drawings 1,000
4 30000 Fixed Deposit @ 10% 20,000
5 480 Equipment 75,000
Acc dep
Workings Inventory 15,000
1 20 000 x 10% Debtors Control 12,000
2 1850 Allowance for doubtful debts
3 75000*0,05 Prepaid expense: Rent
4 75000*0,05 Accrued income: interest on FD
5 12000*0,04 Bank 6500
Accrued expense
Creditors control 11350
Nominal Section
Sales
Cost of sales 8,200
Intrest income
Rent expense 33,000
Water and electricity 650
Deperication
Bad debts
Working Dr Cr
80,000
1,000
20,000
75,000
3750 3750
15,000
12,000
480 480
3000 3,000
2000 2,000
6500
1850 1850
11,350
80,000
8,200
2000
33,000 3000 30000
1850 2500
3750 3750
480
182,430 182,430
Statement of Comprehensive Income
Company name for the year ended date
Sales 80,000
Cost of sales -8,200
Gross profit 71,800
Other income 2000
Interest income 2000
Profit before operating expenses 73,800
Operating expenses 36730
Depreciation 3750
Water and electricity 2500
Rent expense 30000
Bad debts 480
Net loss for before intreset 37,070
you can out interest income here
(Finance cost/intrest expense ) 0
Net profit/(loss) for the year 37070
statement of financial position + company name + date
ASSETS
Non-current assets 91,250
Fixed deposit 20,000
Equipment (75 000 cost-3750 ACC dep) 71250
Current assets 38020
Inventory 15000
Debtors control 12,000
Allowance for doubtful debts -480
Bank 6500
Accrude income 2000
Prepaid expense: Rent 3000
Total assets 129,270
EQUITY AND LIABILITIES
Equity 116,070
Capital 80,000
Net profit/(loss) for the year 37070
Drawings -1,000
Non-Current liabilities 0
Current liabilities 13,200
Creditor’s control 11350
Accrued expense: Water & Electricity 1850
Total liabilities 13,200
Total equity and liabilities 129,270
