Earlier Problem Your Company Ltd 1st Year - already answered

AA:
You Start a Business on 1st January with Rs 500,000/
You buy a Machine with Rs2,80,000/
You buy Raw Materials worth Rs 2,30,000/
You convert 1,70,000/- worth materials to Finished Goods

You sell Finished Products for Rs2,00,000/- Cash/Cheques Collected 1,50,000/
You incurred 90,000/- on Production Costs. Actual paid is 88,500/- the Balance is
outstanding
Can you draw up the Income Statement, The Cash Statement AND The Balance Sheet
Already done!!
NOW:
BB:

This year you want to expand

You bought another machine for 12,00,000/- (Depreciation 10%)

(The Existing Machinery also has to be Depreciated)

You Borrowed 800,000/- from ICICI bank @ 13% Interest to fund the asset

Your Sales was 18,00000/- at 2 months credit

You Buy Raw Materials worth 10,80,000/- ( you got 1 month credit)

You incurred 80,000/- on Production Costs. Actual paid is 68,000/- the Balance is
outstanding

You Sold a machinery (WDV 50,000) at 60,000/
You declare a dividend of 10%

Tax is 30.9%
Can you draw up the
1. Entries
2. The Trial balance
3. The Income Statement,
4. The Cash Statement AND
5. The Balance Sheet for this year