NAME: ABDUL HADI

REGISTRATION NO: 13002

ASSIGNMENT: INCOME STATEMENT & BALANCE SHE

COURSE: ACCOUNTING FOR MANAGERS (0120

SEMISTER: SUMMER

PROGRAM: MBA (WEEKEND)

NT & BALANCE SHEET

MANAGERS (012006001)
 Small Bussiness
Statement Of Comprehensive Incom
for the year ended 28 February 20X

Sales
Less: Sales Return / Return Inwards
Less: Sales Discount/ Discount Allowed
Net Sales
Less: Cost of Goods Sold
Opening Stock
Add: Purchases
Add: Carriage inward/ transportation/freight charges/ fare in
Less: Purchase discount/ Discount Recevied
Less: Purchases Return/Return Outwards
Net Purchase
Good available for use/sale
Less: Closing Stock
Cost of Good Sold
Gross Profit
Add: Other Income
Purchase Discount/ Discount Received
Interest Received
Total Other Income
Less: Operating Expenses
Rent Expense
Bussiness rates
Sundry Expense
Depreciation Expense

Total Operating Expenses

Net Profit
 Small Bussiness
Statement Of Comprehensive Income
for the year ended 28 February 20X7.
Rs Rs Rs
Sales 40,900
Less: Sales Return / Return Inwards 0
Less: Sales Discount/ Discount Allowed 0
Net Sales 40,900
Less: Cost of Goods Sold
Opening Stock 8200
Add: Purchases 26,000
Add: Carriage inward/ transportation/freight charges/ fare in 0
Less: Purchase discount/ Discount Recevied 0
Less: Purchases Return/Return Outwards 0
Net Purchase 26,000
Good available for use/sale 34,200
Less: Closing Stock (9,100)
Cost of Good Sold (25,100)
Gross Profit 15,800
Add: Other Income
Purchase Discount/ Discount Received 0
Interest Received 0
Total Other Income 0
Less: Operating Expenses
Rent Expense (4,800)
Bussiness rates (1,300)
Sundry Expense (340)
Depreciation Expense (1,800)

Total Operating Expenses (8,240)

Net Profit 7,560
 Smal
Statement o
As at 28th
Assets
Non-Current Asset
Tangible
Motor Cycle
Less: Allowance for Depreciation
Net Book Value(NBV)

Total Tangible Assets

Intangible
Goodwill
Royalities
Patent
Investment
Total Intangible Assets
Total non current assets

Current Assets
Closing Stock
Debtors
Bank
Bussiness Rate

Total Current assets

Net Assets/ Capital Employed
 Small Bussiness
Statement of financial position
As at 28th February 20x7

9,000
(3,000)
6,000

6,000

0
0
0
0
0
6,000

9,100
1,160
1,500
300

12,060
18,060
Bussiness
financial position
February 20x7
Liabilities
Current Liabilities
Creditors 2,100
Interest Payable 0
Accured 400
Short term loan 0
Total Current liability 2,500

Non current liabilities

debenture 0
long term loan 0
Total Non-Current liability 0

Owners' equity
Capital at start 19,700
Add: Additional capital 0
Add: Net profit 7,560
Less: Drawing (11,700)
Capital at end 15,560
Net Assets/ Capital Employed 18,060
 J Wright
Statement Of Comprehens
for the year ended 31 Ma

Sales
Less: Sales Return / Return Inwards
Less: Sales Discount/ Discount Allowed
Net Sales
Less: Cost of Goods Sold
Opening Stock
Add: Purchases
Add: Carriage inward/ transportation/freight charges/ fare in
Less: Purchase discount/ Discount Recevied
Less: Purchases Return/Return Outwards
Net Purchase
Good available for use/sale
Less: Closing Stock
Cost of Good Sold
Gross Profit
Add: Other Income
Purchase Discount/ Discount Received
Interest Received
Total Other Income
Less: Operating Expenses

Total Operating Expenses

Net Profit
 J Wright
Statement Of Comprehensive Income
for the year ended 31 March 20X9
Rs Rs Rs
Sales 127,245
Less: Sales Return / Return Inwards (3,486)
Less: Sales Discount/ Discount Allowed (2,480)
Net Sales 121,279
Less: Cost of Goods Sold
Opening Stock 7940
Add: Purchases 61,420
Add: Carriage inward/ transportation/freight charges/ fare in 0
Less: Purchase discount/ Discount Recevied 0
Less: Purchases Return/Return Outwards (1,356)
Net Purchase 60,064
Good available for use/sale 68,004
Less: Closing Stock (6,805)
Cost of Good Sold (61,199)
Gross Profit 60,080
Add: Other Income
Purchase Discount/ Discount Received 62
Interest Received 0
Total Other Income 62
Less: Operating Expenses
Carriage outwards (3,210)
Rent and insurance (8870-600) (8,270)
Salaries & wages Expense (39200+3500) (42,700)
Office expense (319+16) (335)
Provision for doubtful debts (110)
Depreciation (Fixture & fittings) (190)
Depreciation (Van) (1,400)
Total Operating Expenses (56,215)
Net Profit 3,927
 J
Statement o
As at 31
Assets
Non-Current Asset
Tangible
Fixtures & Fittings
Less: Allowance for Depreciation
Net Book Value(NBV)
Van
Less: Allowance for Depreciation
Net Book Value(NBV)

Total Tangible Assets

Intangible
Goodwill
Royalities
Patent
Investment
Total Intangible Assets
Total non current assets

Current Assets
Closing Stock
Debtors
Less: Provision for doubtful debt
Cash
Prepaid rent
Total Current assets
Net Assets/ Capital Employed
 J Wright
Statement of financial position
As at 31st March 2009

1,900
(190)
1,710
5,600
(1,400)
4,200

5,910

0
0
0
0
0
5,910

6,805
12,418
(740)
140
600
19,223
25,133
Wright
financial position
t March 2009
Liabilities
Current Liabilities
Creditors 11,400
Interest Payable 0
Accured(3500+16) 3516
Bank Overdraft 2490
Total Current liability 17,406

Non current liabilities

debenture 0
long term loan 0
Total Non-Current liability 0

Owners' equity
Capital at start 25,200
Add: Additional capital 0
Add: Net profit 3,927
Less: Drawing (21,400)
Capital at end 7,727
Net Assets/ Capital Employed 25,133