Reliable Enterprises Pvt.

Ltd
Current Liabilties
Amount Payable 10000
Short Term Loan 2000
Salary 10000
Other Expenses 10000
Credit Card Debt 5000

Total 37000

Income and Expenditure A/c

Expenditure Income
To salary a/c 10000 By Rent received 8000
To expenses a/c 10000 By Interest received 2000
To allowance a/c 2000 By sale of old furnitur 4000
To credit card Debt a/ 5000 By gross Receipt 200000
To short term loan 2000
To rent a/c 10000
To amount payable a/ 10000
To audit fees 2000
ToNet profit 183000

Total 214000 Total 214000

Reliable Enterprises Balance Sheet

Current Liabilties
Opening capital 200000 Fixed Assests
Capital a/c House
Shri rakesh singh 183000 Shop
Add shop rent 200000 Motor Vehicle
Add Housing rent 100000 PPF
 Current Assests
Cash 250000
Investment 100000
Prepaid Rent 8000
Inventory 30000
Fixed Assests 500000

Total 890000

Current Assests
Fixed Assests
House 5000000
Shop 4000000
Motor Vehicle 100000
PPF 500000