Professional Documents
Culture Documents
ASSETS
Fixed Assets:
1) Land & Building
Rs. 20,00,000
2) Machinery/ Equipment.........
Rs.10,00,000
3) Plant
Rs. 10,00,000
Other Assets
Patents/ Goodwills.
Rs. 00,00,000
Rs. 50,000
5) WIP...
Rs. 20.000
Rs. 2,00,000
Rs. 5,00,000
Rs. 5,00,000
Rs. 1,00,000
Rs. 2,00,000
Rs. 1,00,000
15) Tax
Rs. 1,00,000
Liabilities
1) Loans Payable/ Bank Loans.
Rs. 2,00,000
Rs. 10,00,000
Unsecured Loans...
Rs. 00000000
Debentures.
Rs.10,00,000
Rs. 10,00,000
4) General Reserve.
Rs. 50,000
5) Capital Reserve
Rs. 50,000
Rs. 70,000
Equity or Capital
7) Equity Capital
Rs. 5,00,000
8) Preference Capital
Rs. 3,00,000
_____________________________________________________________
Total Liabilities= . Rs. 41,70,000
***NOTES:
"Receivables" means----> It is "Asset", e.g., Bills Receivables etc.
"Payable" means----------> It is "Liability", e.g. Interest Payable, Bills Payable etc.
"Received" means---------> It is "Income" , e.g. Bills Received, Interest Received etc.
"Paid & Allowed" means''--------------> It is "Expense" e.g., Bills Paid, Discount Allowed, Interest Paid
Rs. 5,00,000
Rs. 2,00,000
Rs. 1,00,000
4) Discount Allowed..
Rs. 1,00,000
Rs. 2,00,000
6) Repairs.
Rs. 50,000
Rs. 10.000
Rs. 1,00,000
9) Bad Debts..
Rs. 2,00,000
Rs. 50,000
Rs. 10,000
Rs. 10,000
13) Depreciation
Rs. 50,000
Rs. 10,000
----------------------X------------------------------
**Income Statement/ Profit & Loss Account (if you see COGS (that is Cost of
Goods Sold) in question)
Income
Sales.
Rs. 5,00,000
Rs. 15,00,000
Expenses
Sales, General & Administrative Expeenses(SG&A)...=
Rs. 1,00,000
Overheads..=
Rs. 50,000
Depreciation=
Rs. 50,000
Rs. 2,00,00
Total Expenses=
Rs. 4,00,000
Rs. 11,00,000
Rs. 77,000
_____________________________________________________________________
Profit Before Tax (PBT)
= Rs. 10,23,000
= Rs. 51150