ASSETS

Current assets ASSETS

Cash 1,000,000
Accounts R2,000,000
inventory
Total Current Assets
Fixed Assets
land
Building
Furnitures
General Equipments
Total Fixed Assets
TOTAL ASSETS
LIABILITIES
Current Liabilities
Taxes payable
Salaries payable
Accounts payable
Total vurrent liabilities
Long-term Liabilities
loan
Total long term liabilities
TOTAL LIABILITIES
OWNER'S EQUITY
Paid in capital
Retained earnings
Current assets
Cash
Accounts Receivable
inventory
Total Current Assets
Fixed Assets
land
Building
Furnitures
General Equipments
Total Fixed Assets
TOTAL ASSETS
LIABILITIES
Current Liabilities
Taxes payable
Salaries payable
Accounts payable
Total current Liabilities
Long-term Liabilities
loan
Total long term liabilities
TOTAL LIABILITIES
OWNER'S EQUITY
Paid in capital
Retained earnings
Current assets
N10,000,000
Accounts Receivable N20,000,000
0
Total Current Assets 30,000,000
Fixed Assets
N60,000,000
N50,000,000
Furnitures N15,000,000
General Equipments N8,000,000
Total Fixed Assets N133,000,000
TOTAL ASSETS 163,000,000
LIABILITIES
Current Liabilities
Taxes payable N1,000,000
Salaries payable N10,00,000
Accounts payable N5,000,000
Total current Liabilities 16,000,000
Long-term Liabilities
N50,000,000
Total long term liabilities N50,000,000
TOTAL LIABILITIES N66,000,000
OWNER'S EQUITY
Paid in capital N47,000,000
Retained earnings N50,000,000