Question 3B.

Leisure Centre Ltd.

Balance sheet as at 31st July, 2020

I. Equity and Liabilities Amount

Share Capital 15000
Less: Dividend -800
Add: Retained Earnings 9180

Other Liabilities
Current Liability-
Trade Payables 1290
Unearned Revenue 2100
Add: Unearned Subscription 300
Salary Payable 1290
Electricity Payable 280

TOTAL 28640

II. Assets Amount

Non-Current Assets
Swimming Pool 12000
Less: Depreciation -200
Tennis Court 9600
Less: Depreciation -100

Current Assets
Supplies 1190
Trade Receivables 2910
Add: Due Subscription 1200
Cash 940
Prepaid Insurance 1200
Less: Premium for 1 month -100

TOTAL 28640

Question 3B.5

Admark Ltd.
Balance sheet as at 31st March, 20X2

I. Equity and Liabilities Amount

Share Capital 10,000
Less: Dividend -2000
Add: Retained Earnings 2340
Add: PAT 290

Other Liabilities
Current Liability-
Trade Payables 1600
Unearned Revenue 2100
Less: -460
o/s Salary 490
o/s Expenses 240
Tax Payable 300

TOTAL 14,900

II. Assets Amount

Non-Current Assets
Office Equipment 10000
Less: Accumulated Depreciation -1000
Less: Depreciation of 1 year -1000

Current Assests
Office Supplies 930
Cash 5600
Accured Income 370

TOTAL 14900

Question 3C.5

Navin Packaging Ltd.

Balance sheet as at 31st December, 20X5

I. Equity and Liabilities Amount

Share Capital 35000
Less: Dividend -2500
 Add: Retained Earnings 1350
Add: PAT 1485

Other Liabilities
Current Liability-
Bills Payable 2500
Add: Bills Payable Interest 125
Trade Payable 1360
Unearned Revenue 1800
Less: -1040
Unpaid Salary 970
o/s Telephone Expenses 200
Tax Payable 1600

TOTAL 42850

II. Assets Amount

Non-Current Assets
Packaging Equipment 30000
Less: Accumulated Depreciation -9000
Less: Depreciation for 1 year -3000
Office Equipment 10000
Less: Depreciation -3000
Less: Depreciation for 1 year -1000

Current Assests
Packaging Supplies 2360
Office Supplies 1190
Trade Receivables 2170
Cash 8820
Prepaid Rent 2520
Bills Receivables 1390
Prepaid Advertisement 400

TOTAL 42850

Question 3C.3

Business Services Ltd.

Balance sheet as at 31st January, 20XX

I. Equity and Liabilities Amount

 Share Capital 20000
Less: Dividend -1000
Add: PAT 9285

Other Liabilities
Current Liability-
Trade Payables 1020
Unearned Revenue 1600
Less: Services Provided -720
o/s Salary 3100
o/s Telephone Bill 480

TOTAL 33765

II. Assets Amount

Non-Current Assets
Buildings 15000
Less: Depreciation -125
Office Equipment 12000
Less: Depreciation -250

Current Assests
Office Supplies 970
Trade Receivables 1640
Cash 630
Prepaid Rent 3600
Less: 1 month's rent -600
o/s Income 900

TOTAL 33765

Question 3B.4

Computer Corner Ltd.

Balance sheet as at 31st March, 20X9

I. Equity and Liabilities Amount

Share Capital 30000
Less: Dividend -2000

Other Liabilities
 Current Liability-
Trade Payables 4200
Bills Payable 2600
Unearned Revenue 1900
o/s Salary 1100
o/s Telephone bill 80

II. Assets Amount

Non-Current Assets
Buildings 20000
Less: Depreciaation
Computers 18000
Less: Depreciaation

Current Assests
Supplies 650
Trade Receivables 2960
Cash 1190
Prepaid Insurance 4800
Bills Receivables 3100
Leisure Centre Ltd.
Statement of Profit & Loss
For the year ending 31st July, 2020

I. Revenues Amount
Revenue from Services 15540
Less: Unearned Revenue -300
Add: Subscription Due 1200

TOTAL 16440

II. Expenses Amount

Salary Expenses 2910
Add: o/s salary 1290
Telephone Expenses 290
Supply Expenses 2090
Electricity Payable 280
Insurance Premium 100
Depreciation 300

TOTAL 7260

PBT (Revenue-Expenses) 9180

Less: Tax 0
PAT/Net Profit 9180

Admark Ltd.
Statement of Profit & Loss
For the year ending 31st March, 20X2

I. Revenues Amount
Revenue from Services 13810
Add: o/s Income 460
Add: Accrued Income 370

TOTAL 14640

II. Expenses Amount

Salary Expenses 5940
Add: o/s Salary 490
Rent Expenses 4800
Depreciation 1000
Supplies Expenses 1580
o/s Cleaning Expenses 240

TOTAL 14050

PBT (Revenue-Expenses) 590

Less: Tax 300
PAT/Net Profit 290

Navin Packaging Ltd.

Statement of Profit & Loss
For the year ending 31st December, 20X5

I. Revenues Amount
Revenue from Services 41260
Add: 1040
 Add: 1390

TOTAL 43690

II. Expenses Amount

Salary Expenses 14910
Add: o/s Salary 970
Electricity Expenses 2340
Advertisement Expenses 4800
Less: Prepaid Advertisment -400
Telephone Expenses 1200
Add: o/s Telephone Exp. 200
Prepaid Rent 7080
Depreciation 4000
Supplies Expenses 3920
Packaging Expenses 1460
Interest on Bills Payable 125

TOTAL 40605

PBT (Revenue-Expenses) 3085

Less: Tax 1600
PAT/Net Profit 1485

Business Services Ltd.

Statement of Profit & Loss
For the year ending 31st January, 20XX

I. Revenues Amount
 Revenue from Services 16870
Add: o/s Income 900
720

TOTAL 18490

II. Expenses Amount

Salaries Expenses 3100
Add: o/s Salary 3100
Electricity Expenses 380
Supplies Expenses 1170
Depreciation 375
o/s Telephone Bill 480
Prepaid Rent 600

TOTAL 9205

PBT 9285
Less: Tax 0
PAT/Net Profit 9285

Computer Corner Ltd.

Statement of Profit & Loss
For the year ending 31st March, 20X9

I. Revenues Amount
Revenue from Services 24060
Add: Bills Receivables 3100
 II. Expenses Amount
Salaries Expenses 9400
Add: o/s Salary 1100
Electricity Expenses 910
Telephone Expenses 290
Add: o/s 80
Supplies Expenses 2560