INPUT SECTION

Cash In Bank INR 7,115.15

Petty Cash INR 400.00
Marketable Securities INR 5,000.00
Accounts Receivable INR 24,100.00
Allowance For Bad Debts INR 615.00
Inventory INR 65,000.00
Office Supplies INR 1,480.00
Prepaid Insurance INR 5,135.00
Land INR 10,000.00
Buildings INR 65,000.00
Accumlated Depriciation-Buildings INR 9,750.00
Warehouse INR 30,000.00
Accumlated Depriciation-Warehouse INR 5,400.00
Trucks INR 16,000.00
Accumlated Depriciation-Trucks INR 9,000.00
Office Equipments INR 8,700.00
Accumlated Depriciation-Office Equipments INR 3,915.00
Accounts Payable INR 14,190.00
Notes Payable,Short Term INR 25,000.00
Interest Payable INR 215.00
Income Tax Payable INR 300.00
Liability For Payroll Taxes INR 1,800.00
Notes Payable,Long- Term INR 70,000.00
ABC -Capital INR 97,745.15
ABC Consulting Limited
BALANCE SHEET
7/1/2021
ASSETS

Current Assets
Cash In Bank INR 7,115.15
Petty Cash INR 400.00
Marketable Securities INR 5,000.00
Accounts Receivable INR 24,100.00
Allowance For Bad Debts INR 615.00 INR 23,485.00
Inventory INR 65,000.00
Office Supplies INR 1,480.00
Prepaid Insurance INR 5,135.00
Total Current Assets INR 107,615.15

Non Current Assets

Land INR 10,000.00
Buildings INR 65,000.00
Less :Accumlated Depriciation-Buildings INR 9,750.00 INR 55,250.00
Warehouse INR 30,000.00
Less:Accumlated Depriciation-Warehouse INR 5,400.00 INR 24,600.00
Trucks INR 16,000.00
Less:Accumlated Depriciation-Trucks INR 9,000.00 INR 7,000.00
Office Equipments INR 8,700.00
Less:Accumlated Depriciation-Office Equipments INR 3,915.00 INR 4,785.00
Total Non Current Assets INR 101,635.00
INR 209,250.15

LIABILITIES AND OWNER’S EQUITY

Current Liabilities
Accounts Payable INR 14,190.00
Notes Payable,Short Term INR 25,000.00
Interest Payable INR 215.00
Income Tax Payable INR 300.00
Liability For Payroll Taxes INR 1,800.00
Total Current Liabilities INR 41,505.00

Non Current Liabilities

Notes Payable,Long- Term INR 70,000.00
Total Non Current Liabilities INR 70,000.00
Total Liabilities INR 111,505.00

Owner's Equity
ABC -Capital INR 97,745.15
Total Owner's Equity INR 97,745.15
Total Liabilities And Owner's Equity INR 209,250.15