ASSETS

Nature of
Particulars or Transaction Cashflow
Reference if
applicable Deposit with Trade
# (F/I/O) Cash Furniture Laptop Consumables landlord Software receivables
Cash brought in by owner
1 (capital or share capital) ₹100,000
2 Loan taken ₹80,000
3 Bought furniture for cash -₹10,000 ₹10,000
4 Bough laptop for cash -₹40,000 ₹40,000
5 Purchased consumables -₹8,000 ₹8,000
6 Deposit made with landlord -₹10,000 ₹10,000
7 Bought software -₹21,000 ₹21,000
8 Advertisement expense -₹5,000
9 Provided services for cash ₹85,000
Collected cash for services to
10 be provided in future ₹20,000
11 Salaries paid - Oct & Nov -₹16,000
12 Rent paid - Oct-Dec -₹15,000
13 Travel expenses -₹12,000
14 Refreshements -₹7,000
15 Broadband and mobile -₹9,000
16 Electricity, etc. -₹6,000
17 Revenue on credit ₹25,000
18 Consummable expenses -₹5,000
Interest on loan due, but not
19 paid
Salaries due, but not paid for
20 December
Depreciation expense -
21 Furniture -₹625
Depreciation expense - Laptop
22 -₹1,500
23 Amortization of Software -₹1,750
24 Income tax expense -₹4,145
25 Dividend declared and paid -₹3,000

Total ₹118,855 ₹9,375 ₹38,500 ₹3,000 ₹10,000 ₹19,250 ₹25,000

 Total Assets: ₹223,980
Total Equity and Liabilities ₹223,980
 EQUITY AND LIABILITIES

Share Retained Loan Unearned Interest Salaries

capital Earnings payable Revenue payable payable

₹100,000 ₹80,000

-₹5,000
₹85,000

₹20,000
-₹16,000
-₹15,000
-₹12,000
-₹7,000
-₹9,000
-₹6,000
₹25,000
-₹5,000

-₹2,400 ₹2,400

-₹8,000 ₹8,000

-₹625

-₹1,500
-₹1,750
-₹4,145
-₹3,000

₹100,000 ₹13,580 ₹80,000 ₹20,000 ₹2,400 ₹8,000 ₹0

₹20,725