Assets = Owners' equity + Outsiders' liabilities = Capital + Retained earnings + OL = C + Profit - Div

Transactions Assets
Cash Equiment
1.    Ray invested ₹14,000 cash as the share capital of the company. 14000
2.    Bought office equipment for cash ₹6,000. -6000 6000
3.    Provided services for cash ₹9,000. 9000
4.    Bought office supplies for credit ₹1,500.
5.    Billed customers for services ₹7,500.
6.    Used office supplies ₹800.
7.    Collected payment from the customers (Transaction 5) ₹6,800. 6800
8.    Paid for office supplies bought on credit (Transaction 6) ₹1,200. -1200
9.    Billed customers for services ₹2,100.
10.  Paid Ray for salary ₹6,000. -6000
11.  Paid office rent ₹600. -600
Total 16000 6000
Grand Total 25500

Transactions Assets
Cash Equiment
As on 28th feb 16000 6000
1.     Paid office rent for March ₹600. -600
2.     Collected payments for February bills, ₹1,900. 1900
3.  Bought office suplies on credit, ₹3,000.

4. Billed customers for services ₹18,300

5.    Used office supplies, ₹2,300.

6.     Issues share to a friend for cash ₹12,000. 12000

7.     Bought office equipment for cash ₹12,000. -12000 12000
8.     Paid for office supplies bought on credit, ₹3,100. -3100
9.     Paid assistants’ salaries ₹6,200. -6200
10.     Paid Ray’s salary, ₹6,000. -6000
11. Paid a dividend ₹1,900. -1900
Total 100 18000
Grand Total 38700
nings + OL = C + Profit - Dividend + OL = C + Revenue - Expenses - D + OL = C + R -E -D + OL
Assets Owner's equity
Supplies Trade Receivables Capital Revenue Expenses Dividends Trade Payables
14000

9000
1500 1500
7500 7500
-800 -800
-6800
-1200
2100 2100
-6000
-600
700 2800 14000 18600 -7400 0 300
25500

Assets Owner's equity

Supplies Trade Receivables Capital Revenue Expenses Dividends Trade Payables
700 2800 14000 18600 -7400 0 300
-600
-1900
3000 3000
18300 18300
-2300 -2300
12000

-3100
-6200
-6000
-1900
1400 19200 26000 36900 -22500 -1900 200
38700
 Band Baja Baraat Band Baja Baraat
Statement of Profit and Loss Balance Sheet
For the month ended Feb 28, 20XX As at Feb 28, 20XX
Note in ₹ Note in ₹
Revenue from operations 18600 Assets
Total income 18600 Non Current assets
Expenses Equipment 6000
Salary 6000 Total Non Current Assets 6000
Supplies 800 Current Assets
Rent 600 Inventory - Supplies 700
Total expenses 7400 Financial Assets
Profit for the period 11200 Trade Receivables 2800
Cash 16000
Total Current Assets 19500
Total Assets 25500

Equity and Liability

Equity
Equity Share Capital 14000
Other Equity 11200
Total Equity 25200
Non Current Liability 0
Current Liability
Band Baja Baraat Trade Payables 300
Statement of Profit and Loss Total Current Assets 300
For the month ended Mar 31, 20XX
Note in ₹ Total Equity and Liability 25500
Revenue from operations 18300
Total income 18300
Expenses
Salary 12200
Supplies 2300
Rent 600
Total expenses 15100
Profit for the period 3200
 Band Baja Baraat Band Baja Baraat
Statement of Changes in Equity Cash Flow Satetement
For the month ended Feb 28, 20XX For the month ended Feb 28, 20XX
in ₹
Equity Share Capital Cash Flow Operating Activities
Balance at Feb 1, 20XX 0 Cash received from customers
Share capital issued 14000 Cash paid to suppliers
Share capital issued 14000 Cash paid to employees
Cash paid as rent
Other Equity Net cash from operating activities
Balance at Feb 1, 20XX 0
Profit for the period 11200 Cash Flow Investing Activities
Dividend 0 Purchase of office equipment
Ending Balance Feb 20XX 11200 Net cash from investing activities

Toatl Equity 25200 Cash Flow Financiang Activities

Proceeds from issue of share capital
Net cash from financing activities

Net increase in cash

Cash and cash equivalent at the beginning
Cash and cash equivalent at the end
aat
ment
eb 28, 20XX
in ₹

15800
(1200)
(6000)
(600)
8000

(6000)
(6000)

14000
14000

16000
0
16000