Transactio ADVANCEFURNITURE INVENTORY DEBTORSOTAL LOAN CREDITORS T EXPENSES EQUITY n Date CASH

ASSETS =

LIABILITIES

STOCKHOLDERS' EQUITY

RENT

PAYABLE CAPITAL +

01/01/10 01/02/10 01/03/10 01/04/10

0 0 0 0

01/05/10 01/06/10 31/1/10 31/1/10 Totals 0 0 0 0 0

0 0 0 0 0 0 0 0 0

STOCKHOLDERS' EQUITY TOTAL RETAINED EARNINGS 0 0 0 0

0 0 0 0 0 0

Rs 'lakhs
ASSETS = LIABILITIES STOCKHOLDERS' EQUITY Transact ADVANCEURNITURE F INVENTORY EBTORS D TOTAL LOAN CREDITORS ADVANCE EXPENSESQUITY E ion Date CASH RENT CUSTOMERS PAYABLE CAPITAL +

### ### ### ### ### ### ### ### 31/1/09 31/1/09 Totals

30 20 -5 -5 -24 5 30

5 5 60 -40 -5 20 3

30 20 0 0 36 10

30 20

36 5 -5

-1 50

15

23

0 -1 98

5.2 20 36 0 5.2 30

Transactions T2 T1 Assets Cash 30 Advance Rent Furniture Inventory Debtors

T3 50 45 5

T4 40 5 5

T5 16 5 5 60

T6 21 5 5 60

T7 21 5 5 55 3

T8 51 5 5 15 23

T9 51 5 5 15 23

T10 50 5 5 15 23

Total Assets 0 3 50 50 50 86 91 Claims Equity Share Capital 30 30 30 30 30 30 Retained Earnings/Accumulated profits --revenue -expenses Owner's Equity Bank Loan 20 20 20 20 20 Creditors 36 36 Advance from Customers 5 Expenses payable Total Liabilities & Owner's Equity 30 50 50 50 86 91

89 30 3 20 36 0

99 30 13 20 36 0

99 30 7.8 20 36 0 5.2 99

98 30 6.8 20 36 0 5.2 98

89

99

ASSETS = LIABILITIES STOCKHOLDERS' EQUITY Transact ADVANCEURNITURE F INVENTORY EBTORS D TOTAL LOAN CREDITORS ADVANCE EXPENSESQUITY E ion Date CASH RENT CUSTOMERS PAYABLE CAPITAL +

### ### ### ### ### ###

30 20 -5 -5 -24 5 30

5 5

20

30 20 0 0 -24 5 50

30 20

36 5

### 31/1/09 31/1/09 31/1/09 Totals

3 -1 50 5 5 15 15 23

3 0 -1 15 98

-5 5.2

20

36

5.2

30

INCOME STT sales pur -60 Closing stock 15 GP accrued exp NI Div RE

STOCKHOLDERS'TOTAL EQUITY RETAINED EARNINGS

30 20 0 0 36 10 3 -5.2 -1 6.8 10 0 -1 98

INCOME STT sales 58 COGS -45 Gross Prof 13 accrued exp -5.2 NI 7.8 Div -1 RE 6.8

STOCKHOLDERS'TOTAL EQUITY RETAINED EARNINGS

-60 50

30 20 0 0 -24 5 50

8 -5.2 -1 15 6.8

3 0 -1 15 98

58 -45 13 -5.2 7.8 -1 6.8

Income Statement for the month ending 31-01-10

Income Sales Other Income Total Income Expenditure Cost of goods sold Salary Advertisement rent PBDIT Depreciation Interest PBT Tax PAT/Disposable profit Dividend Balance profit carried to B/S Liabilities Share capital 0 0 Reserves & Surplus Owner's Equity Loan from Bank

Balance Sheet as at 31-01-10

Assets Fixed Assets Furniture 0

0 0 0 0 0 0 0

Current Liabilities & Provisions Creditors Expenses payable 0

Current Assets Loans & Advan Inventory Debtors Rent Advance Cash

Cash Flow Summary for the period Receipts cash from fresh equity 0 Bank loan 0 cash received from customers 0 Payments cash paid to supplier cash paid for advance rent purchase of furniture paid dividend Balance of cash closing

0 0 0 0 0

Income Statement for the month ending 31-01-10

Income Sales (50 +8) Other Income Total Income Expenditure Cost of goods sold (40+5) Salary Advertisement rent PBDIT Depreciation Interest 58 0 58 45 2 2 1 50 8 0 0.2 Liabilities Share capital Reserves & Surplus Owner's Equity Loan from Bank

Balance Sheet as at 31-01-10

30 6.8 36.8 20 Assets Fixed Assets Furniture

Current Liabilities & Provisions Creditors 36 Expenses payable 5.2 98

Current Assets Loans & Advan Inventory Debtors Rent Advance Cash

PBT Tax PAT/Disposable profit Dividend Balance profit carried to B/S

7.8 0 7.8 1 6.8

Cash Flow Summary for the period Receipts cash from fresh equity 30 Bank loan 20 cash received from customers 35 85 Payments cash paid to supplier -24 cash paid for advance rent -5 purchase of furniture -5 paid dividend -1 -35 Balance of cash closing 50

as at 31-01-10

Fixed Assets

Current Assets Loans & Advances

Rent Advance 0

as at 31-01-10

Fixed Assets 5

Current Assets Loans & Advances 15 23 5 50 93

98