Professional Documents
Culture Documents
Current Liability
Account Payable
Salary payable
Current Assets
Cash
Accounts Receivable
Less: Provision For Bad debts
Closing Inventory
Prepaid Insurance
Total Current Assets
Total Assets
SRIKANT AND COMPANY
STATEMENT FOR THE YEAR ENDING 31st DEC,2013
AMT AMT
41460
1020
40440
3100
21200
-420
5200
560
29640
2980 26660
13780
2200
200 2400
600
300
240
500
60 440
800
900
170
120
300
6270
7510
240
7750
BALANCE SHEET
12000
7750 19750
3000
4920
200 5120
27870
15300
1700
170 1530
1000
17830
1300
6000
300 5700
2980
60
10040
27870
Return Inward mean some goods you sold but the customers was not happy and returned late
Return Outward
5% of Accounts Receivable