Ribbon an’ Bows Inc.

Submitted by,
Kriti Shukla(21) Shaivya (38)
CASEHarshit
STUDY.(22) Piyush (40)
Himanshu (23) Sukanya (41)
Niharika (24) Vinod (63)
Table of Contents
• Introduction of case
• Profit and loss statement
• Ledgers
• Balance sheet
• Interpretation
• Summary
 BALANCE SHEET as on 30 June, 2010
LIABILITIES AMOUNT ASSETS AMOUNT
EQUITY AND LIABILITIES NON-CURRENT ASSETS

(A) Shareholder’s Funds Sewing Machine (Note 1) 1740

Capital 1000 Computer (Note 2) 1750

Reserves and Surplus 1480
CURRENT ASSETS
(B) Non-current liabilities Supplies 20
6% Loan 10000 Trade Receivables 320
Cash deposit Register 250

(C) Current liabilities Cash (Note 3) 3390

Outstanding Interest on 200 Prepaid rent 1200
loan

Outstanding Interest on 90 Inventory 4100

salary
TOTAL 12770 TOTAL 12770
 Trading and Profit and Loss A/c as on 30 June, 2010
PARTICULARS AMOUNT PARTICULARS AMOUNT
To opening stock 3300 By Sales 7720
To Purchases 2900 By closing stock 4100
To Gross Profits 5620
11820 11820

To Salaries (1510+90) 1600 By Gross Profits 5620

To Rent 1800
To Supplies 80
To Advertising 150
To Dep on Sewing 60
Machine
To Dep on Computer 250
To Intt on loan 200
To Surplus 1480
TOTAL 5620 TOTAL 5620
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