Income statement

For year ended on December 31, 2019

Sales/Revenue Rs.12,00,000

Cost of Goods sold Rs .820,000

Gross profit Rs .380,000

Expenses

Salaries Rs .24000

Telephone and Internet Rs .9600

Rent Expense Rs.650000

Electricity Expense Rs. 60,000

Advertising expense Rs .15000

Fuel Rs .8000

Stationary/ Raw materials Rs .100,000

Office equipment expenses Rs .100,000

Total expenses Rs .966600

Net profit Rs .33400

 SFK Company Pvt. Limited
Balance Sheet
For year ended on December 31, 2019

Current Assets Rs.

Cash 12,00,000

Inventory 100,000

Prepaid Rent 216000

Total Current Assets 1516000

Fixed Assets

Office equipment 100,000

Total Assets Rs .1616000

Current Liabilities

Accounts Payable 546000

Accrued Expenses 70000

Total Current Liability 616000

Owners Equity 10,00,000

Total liabilities+ Owners Equity Rs .1616000

Assets = Current Liabilities+ Owners Equity

Rs .1616000= Rs .616000+ Rs .10,00,000

Sources and Application funds:-

Our owner’s equity is Rs.1000000 and we invested this money into the venture and every
partner invested Rs.200000. We didn’t apply for loans and funds because or initial capital
requirement is fulfilled by our own investment.