Sr No Date Business Activity

1 1-Jan-19 You started a business with 1cr as equity and 50 lacs as loan @ 13% P.A as
interest payable in 20 years
2 2-Jan-19 You invested 25 Lacsin FD for 2 years. Interest rate 10% paid anually

3 2-Jan-19 You bought a machinery at a cost of 15 lacs with a usefull life 10 years and
salvage value of 0
4 2-Jan-19 You paid rent of 12 lacs anually, which includes 9 lacs of rent for 2019 and
deposit of 3 lacs
5 3-Jan-19 You receive 30 lacs as consulting income for 2 years

6 8-Jan-19 You receive 50 telivisons at a cost of 25 thousand. 50% paid in cash and 50% to
paid next year
7 13-Jan-19 Spent 30 thousand on marketing expenses
8 18-Jan-19 Sell 25 telivisions at 50 thousand each

9 23-Jan-19 Hire three workers at a salary of 12 lacs in total to be paid in 70% in cash and
30% to be paid next year
10 31-Dec-19 Interest Income and Expense paid. Asset depreciated.

Prepare the Income Statement, Balance Sheet and Cash Flow Statement as on 31-12-2019
Income Statement Balance Sheet
Liability Mo-0 Mo-1 Assets Mo-0
 CASH Cash Flow Statement
Mo-1