Assets

Cash Rs 30,000
+ Accounts Receivable Rs 10,000
+ Inventory Rs 15,000
+ PP&E Rs 70,000

Total Assets Rs 1,25,000

Liabilities
Accounts Payable Rs 5,000
Bank loan Rs 100,000
Retained Earnings Rs 20,000

Total liabilities Rs 1,25,000

 Cash includes Rs 10,000 initially and then Rs 20,000 from customers.

 Accounts receivable includes money owed to us i.e. customers who have to pay to
us.
 Inventory, we started with Rs 20,000, sold half of it and bought another Rs 5000,
that leaves us Rs 15,000.
 PP&E is furniture and fixtures. There is no change, it stays at Rs 70,000.
 Accounts payable is the amount owed by us i.e. inventory worth Rs 5000 ordered but
not paid.
 Bank loan stays at Rs 100,000.
 Retained earnings is the profit from the transactions. Find the calculation below.

P&L statement for the week is as follows -

Sales Rs 30,000
(-) COGS Rs 10,000
Net Profit Rs 20,000

Cost of goods sold (COGS) is half of the inventory cost that is used to make a sale of Rs
30,000.