Balance sheet of Bekky as on 31/12/2012

ASSETS AMOUNT LIABILITIES

Cash 1,000.00
Bank 39,000.00 Payables for expenses 3,000.00
Debtors 62,000.00 Accounts Payable 52,000.00
Inventory 53,000.00 155,000.00

Owner's Equity
Motor Van 64,000.00 Capital 330,000.00
Building 150,000.00 Less:Withdrawals (50,000.00)
Furniture 36,000.00 250,000.00 Add:Retained Earnings 70,000.00

Total Assets 405,000.00 Total Liabilities+ Owner's Equity

AMOUNT

55,000.00

350,000.00

405,000.00
 Balance sheet of Suraiya's as on 31/12/2013
ASSETS AMOUNT LIABILITIES

Cash 450.00
Bank 6,600.00
Debtors 10,800.00 Accounts Payable 28,500.00
Inventory 42,000.00 59,850.00

Owner's Equity
Capital 46,350.00
Furniture 15,000.00 15,000.00 Add:Retained Earnings

Total Assets 74,850.00 Total Liabilities+ Owner's Equity

Balance sheet of Suraiya's as on 31/12/2013 (After Transactions)

ASSETS AMOUNT LIABILITIES

Cash 2,100.00
Bank 3,150.00
Debtors 12,900.00 Accounts Payable 30,150.00
Inventory 41,700.00 59,850.00

Owner's Equity
Capital 46,350.00
Furniture 16,200.00 16,200.00 Add:Retained Earnings (450.00)

Total Assets 76,050.00 Total Liabilities+ Owner's Equity

 Cash Bank Account Receivable Inventories Furiture
AMOUNT 1,800.00 (1,800.00)
3,900.00 (3,000.00)
2,700.00
(150.00)
28,500.00 (1,200.00)
1,200.00
(2,250.00)
1,650.00 (3,450.00) 2,100.00 (300.00) 1,200.00
2,400.00
46,350.00

74,850.00 -

ions)
AMOUNT

30,150.00

45,900.00

76,050.00
Liabilities RE (OE)

900.00
2,700.00
(150.00)
(1,200.00)
1,200.00
(2,250.00)
1,650.00 (450.00)
2,400.00
 Balance Sheet of Nishad Ltd as on 31/12/2015
Asset Amount Liabilities

Cash 13,000.00 Loan 2,000.00

Bank - Accounts Payable 5,000.00
Debtors 2,000.00
Inventories 3,000.00 18,000.00

Owner's Equity
Equipments 4,000.00 Capital 20,000.00
Patents 1,000.00 Retained Earnings (4,000.00)
Furniture - 5,000.00

Total Assets 23,000.00 Liabilities & Owner's Equity

Income Statement of Nishad Ltd for the year 2015

Particulars Amount Net Amount

Sales:
Cash 3,000.00
Credit 5,000.00 8,000.00

Total Revenues (A) 8,000.00

Less: Expenses
Cost of Sales (2000+5000) 7,000.00
Patent Cost 1,000.00
Wages 3,000.00
Rent 1,000.00 12,000.00

Total Expenses (B) 12,000.00

Net Income (A-B)/ Retained Earnings (4,000.00)

 Sr No. Cash Bank Account Receivable
Amount 1 20,000.00
2 2,000.00
3 (2,000.00)
7,000.00 4 (3,000.00)
5 (4,000.00)
6 3,000.00
7 5,000.00
8
9 3,000.00 (3,000.00)
16,000.00 10 (5,000.00)
11 (1,000.00)

23,000.00 13,000.00 - 2,000.00

Inventories Eqp Patents Furiture Liabilities Capital Revenue
20,000.00
2,000.00
1,000.00

4,000.00
(2,000.00) 1,000.00
(5,000.00) 5,000.00
10,000.00 10,000.00

(5,000.00)

3,000.00 4,000.00 1,000.00 - - 7,000.00 20,000.00 6,000.00

23,000.00
Expense

(1,000.00)
(3,000.00)

(5,000.00)

(1,000.00)

(10,000.00)
23,000.00 -
 Balance Sheet of Soha
Assets Amount Liabilities Amount

Cash 70,800.00 Loan 2,000.00

Bank - Account Payable 2,000.00 4,000.00
Debtors 7,000.00
Inventories 26,000.00 103,800.00
Owner's Equity
Office Supplies 3,000.00 Capital 120,000.00
Furniture 10,000.00 13,000.00 Less: Withdrawls (6,000.00)
Retained Earnings (1,200.00) 112,800.00
116,800.00 116,800.00

Income Statement

Particulars Amount Net Amount

Sales

Credit 7,000.00 7,000.00

Expenses

Cost of Sales 5,000.00

Consumables 2,000.00
Wages 500.00
Rent 700.00 8,200.00

Net Income (1,200.00)

Sr No. Cash Bank Account Receivable Inventories Eqp Supplies
1 100,000.00
1 20,000.00
1 5,000.00
2 (5,000.00) 5,000.00
3 (3,000.00) 3,000.00
4 10,000.00
5 (10,000.00)
6 (4,000.00)
7 (500.00)
8 (700.00)
9 (2,000.00)
10 7,000.00 (5,000.00)
11 (8,000.00)
(3,000.00)
(2,000.00)
70,800.00 - 7,000.00 26,000.00 - 3,000.00
Furniture Liabilities (Loan) Liabilities (Account Payable) Capital Revenue
100,000.00
20,000.00
5,000.00

10,000.00

10,000.00
(4,000.00)

(2,000.00)
7,000.00
(8,000.00)
(3,000.00)

10,000.00 - 2,000.00 2,000.00 114,000.00 7,000.00

116,800.00
Expense
Personal Cash
Inventory from Personal Ac
Loan from Priya
Office supplies by Cash
Goods on Cash
Goods on Credit from Shiya
Furniture on cash
Personal Microwave from Cash
(500.00) Wages
(700.00) Rent
Goods for Personal use
(5,000.00) 5000 worth Goods sold at 7000
Cash paid to Shiya
Cash paid to Priya
(2,000.00) Cosumable/Supplies consumed
(8,200.00)
116,800.00 -
 Balance Sheet as on 31st December 2015
Assets Amount Liabilities Amount

Cash 70,000.00 Account Payable 53,000.00

Debtors 70,000.00 Accrued Wages 2,000.00
Other Receivables 1,000.00 Loan - 55,000.00
Inventories 20,000.00 161,000.00
Owner's Equity
Capital 99,000.00
Retained Earnings 7,000.00 106,000.00
161,000.00 161,000.00

Income Statement for the year 2015

Particulars Amount Net Amount

Sales

Credit 70,000.00
Interest Revenue 1,000.00 71,000.00

Total Revenues (A) 71,000.00

Less: Expenses

Cost of Sales 50,000.00

Advertisement 1,000.00
Wages 7,000.00
Rent 3,000.00
Interest Charges 3,000.00 64,000.00

Total Expenses (B) 64,000.00

Net Income (A-B)/ Retained Earnings 7,000.00

Sr No. Cash Bank Account Receivable Other Receivable
1 100,000.00
2 (5,000.00)
3
4 1,000.00
5 (20,000.00)
6
7 (2,000.00)
8
9
10 (2,000.00)
11 (1,000.00)
12 70,000.00
13
14
15
70,000.00 - 70,000.00 1,000.00
Inventories Eqp Supplies Furniture Liabilities (Unpaid Salary) Liabilities (Loan)

20,000.00
50,000.00

2,000.00

(50,000.00)

20,000.00 - - - 2,000.00 -
161,000.00
Liabilities (Account Payable) Capital Revenue Expense
100,000.00
(5,000.00)
3,000.00 (3,000.00)
1,000.00

50,000.00
(2,000.00)
3,000.00 (3,000.00)
(2,000.00)
(2,000.00)
(1,000.00)
70,000.00 (50,000.00)

53,000.00 99,000.00 71,000.00 (64,000.00)

161,000.00
Started Business with 100000
Paid 5000 as Salary
Rent 3000 outstanding
Interest on Loan 1000 not received
Goods purchased on cash 20K
Goods purchased on Credit 50K
Television of 2000 for personal use
Interest on Capital unpaid of 3K
Salary yet to be paid 2000
Personal use cash 2000
Paid ad charges of 1K
Sold 50K worth goods for 70K

-
 Balance Sheet as on 31st December 2013
Assets Amount Liabilities Amount

Cash Loan -
Debtors
Inventories
Advance Rent Owner's Equity
Advance Bills - Capital
Retained Earnings -
Equipment
Furniture -
- -
Sr No. Cash Advance Expense Account Receivable Advance Rent
1 90,000.00
2 3,850.00 3,850.00
3 30,000.00
4
5
6
7
8
9
10
11
12
13
14
15
123,850.00 - 3,850.00 -
Inventories Eqp Supplies Furniture Liabilities (Loan) Capital Revenue
21,000.00 40,000.00 15,000.00 166,000.00
(7,000.00) 7,700.00
22,000.00

14,000.00 40,000.00 - 15,000.00 22,000.00 166,000.00 7,700.00

196,700.00
Expense
Cash 90000 to start the business; Inventory 21000; Machine 40000; Furniture 15000
(7,000.00) 7K worth goods sold at 7.7K with half in cash
(11,000.00) Loan of 30K with 10% interest in 3Install

Personal cash of 10K

cash withdrawl interest
Rent paid for 31st mar 2014
Goods sold at cost
Amount received from Emily
Electricity Bill of 1000 paid. 400 this year

Deperciation of 10% on Machnery

Paid 1st install with intesret
(18,000.00)
177,700.00 (19,000.00)
a $50,000.00
b $25,000.00
c $70,000.00
d $73,000.00
e 2.40
 Balance Sheet for J. L. Gregory Company as on June 30
Assets Amount Liabilities

Cash $89,000.00 Accounts Payable

Accounts Receivable $505,000.00 Accrued Expenses
Inventories $ 513,000.00 Bonds Payable
Marketable Securities $379,000.00 $1,486,000.00 Tax Liability
Notes Payable
Buildings $1,120,000.00
Accumulated depriciation on buildings -$538,000.00 Owner's Equity
Equipments $761,000.00 Capital Stock
Accumulated depriciation on Equipment -$386,000.00 Retained Earnings
Investment $320,000.00
Land $230,000.00 $1,507,000.00
$2,993,000.00
ne 30
Amount

$241,000.00
$107,000.00
$700,000.00
$125,000.00
$200,000.00 $1,373,000.00

$1,000,000.00
$620,000.00 $1,620,000.00

$2,993,000.00
 Balance Sheet
Assets Amount Liabilities Amount

Cash $84,600.00 Bonds Payable -$25,000.00

Debtors $3,700.00 Accounts Payable $9,400.00 -$15,600.00
Inventory $20,800.00 $109,100.00
Owner's Equity
Equipments -$8,500.00 -$8,500.00 Capital Stock $125,000.00
Retained Earnings -$8,800.00 $116,200.00
$100,600.00 $100,600.00
 Cash Debtors Inventory Eqp Liabilities Capital Stock Revenue
$100,000.00 $100,000.00
-$25,000.00 $25,000.00
-$8,500.00
-$15,900.00 $15,900.00
$9,400.00 $9,400.00
$7,200.00 -$4,500.00 $7,200.00
$3,500.00 -$3,500.00
-$3,000.00
$84,600.00 $3,700.00 $20,800.00 -$8,500.00 -$15,600.00 $125,000.00 $7,200.00
$100,600.00
Expenses Dividends

-$8,500.00

-$4,500.00

-$3,000.00
-$13,000.00 -$3,000.00
$100,600.00 $0.00
 Balance Sheet as on 1st June
Assets Amount Liabilities Amount

Cash $72,100.00 Loan $50,000.00 $50,000.00

Inventory $8,500.00 $80,600.00
Owners' Equity
Land $25,000.00 Capital : Carson's $50,000.00
Building $50,000.00 $75,000.00 Withdrawl: Carson's -$6,200.00
Capital : F. Legatt $50,000.00
Withdrawl: F. Legatts' -$3,700.00
Retained Earnings $15,500.00 $105,600.00
$155,600.00 $155,600.00
 Cash Inventory Land Bldg Loan Capital Revenue
$50,000.00 $50,000.00
$50,000.00 $50,000.00
-$24,000.00 $24,000.00
$31,000.00 -$15,500.00 $31,000.00
-$6,200.00 -$6,200.00
-$3,700.00 -$3,700.00
$50,000.00 $50,000.00
-$25,000.00 $25,000.00
-$50,000.00 $50,000.00
$72,100.00 $8,500.00 $25,000.00 $50,000.00 $50,000.00 $90,100.00 $31,000.00
$155,600.00
 Expense

-$15,500.00

-$15,500.00
$155,600.00 $0.00
 Balance Sheet of Marvin Company as on 1st January
Assets Amount Liabilities Amount
Cash $25,000.00 Notes Payable $20,000.00 $20,000.00
Inventory $50,000.00 $75,000.00
Owners' Equity
Capital $55,000.00 $55,000.00
$75,000.00 $75,000.00

Balance Sheet of Marvin Company as on 31st January

Assets Amount Liabilities Amount
Cash Notes Payable
Debtors Accounts Payable $0.00
Inventory Owners' Equity
Advance Insurance $0.00 Capital
Retained Earnings $0.00
Land $0.00
$0.00 $0.00
 Cash Inventory Debtors Land Advance Insurance Accounts Payable Capital
$12,000.00 -$7,000.00
$7,000.00 $7,000.00
$2,500.00 -$1,500.00
-$2,000.00 $3,500.00
-$4,200.00
-$20,000.00 $20,000.00
-$2,800.00 $2,800.00
-$12,500.00 -$3,500.00 $3,500.00 $20,000.00 $2,800.00 $7,000.00 $0.00
$10,300.00
 Revenue Expense
$12,000.00 -$7,000.00

$2,500.00 -$1,500.00
$3,500.00 -$2,000.00
-$4,200.00

$18,000.00 -$14,700.00
$10,300.00 $0.00
 Balance Sheet of Brian Company as on 31st December
Assets Amount Liabilities Amount

Cash $2,000.00 Accounts Payable $5,000.00

Debtors $7,000.00 Bonds Payable (Current) $2,000.00
Marketable Securities $3,500.00 $12,500.00 Wages Payable $1,500.00 $8,500.00

Investments $1,500.00 Bonds Payable (Non-Current) $6,000.00 $6,000.00

Plant & Equipments $8,500.00 $10,000.00

Current Ratio 1.47

 Balance Sheet of Maynard Company
Assets June 1 June 30 Liabilities

Current Assets Current Liabilities

Cash $34,983.00 $66,660.00 Accounts Payable

Accounts Receivables $21,798.00 $26,505.00 Accrued Wages Payable
Merchandise Inventory $29,835.00 $26,520.00 Bank Notes Payable
Notes Receivables $11,700.00 $0.00 Taxes Payable
Supplies on Hand $5,559.00 $6,630.00 Other Non-current Liabilities

Non-current Assets Owners' Equity

Building $585,000.00 $585,000.00
Acculumated Depericiation on Buildings -$156,000.00 -$157,950.00 Capital Stock
Equipment $13,260.00 $36,660.00 Retained Earnings
Acculumated Depericiation on Equipments -$5,304.00 -$5,928.00
Land $89,700.00 $89,700.00
Prepaid Insurance $3,150.00 $2,826.00
Other Non-current Assets $4,857.00 $5,265.00

$638,538.00 $681,888.00

Income Statement

Cash Sales 44420

Credit Sales 21798

Wages 5660
Utilities 900
Misc Payments 135
 June 1 June 30
June 1 June 30
Current Ratio 3.84 2.02

$8,517.00 $21,315.00
$1,974.00 $2,202.00
$8,385.00 $29,250.00
$5,700.00 $7,224.00
$2,451.00 $2,451.00

Retained Earnings $ 7,935.00

Dividends $ 11,700.00
$390,000.00 $390,000.00 Net Income $ 19,635.00
$221,511.00 $229,446.00
Retained earnings not increased by $19,635 as $11,700 paid as dividend

$638,538.00 $681,888.00
paid as dividend
 Balance Sheet of Maynard Company
Assets June 1 June 30 Liabilities

Current Assets Current Liabilities

Cash $34,983.00 $66,660.00 Accounts Payable

Accounts Receivables $21,798.00 $26,505.00 Accrued Wages Payable
Merchandise Inventory $29,835.00 $26,520.00 Bank Notes Payable
Notes Receivables $11,700.00 $0.00 Taxes Payable
Supplies on Hand $5,559.00 $6,630.00 Other Non-current Liabilities

Non-current Assets Owners' Equity

Building $585,000.00 $585,000.00
Acculumated Depericiation on Buildings -$156,000.00 -$157,950.00 Capital Stock
Equipment $13,260.00 $36,660.00 Retained Earnings
Acculumated Depericiation on Equipments -$5,304.00 -$5,928.00
Land $89,700.00 $89,700.00
Prepaid Insurance $3,150.00 $2,826.00
Other Non-current Assets $4,857.00 $5,265.00

$638,538.00 $681,888.00

Income Statement
Particulars Amount Net Amount
Sales
Cash $ 44,420.00
Credit $ 26,505.00 $ 70,925.00

Total Revenue (A) $ 70,925.00

Expenses
Cost of Sales $ 39,345.00
Wages $ 5,888.00
Utilities $ 900.00
Depericiation $ 2,574.00
Insurance $ 324.00
Miscellaneous Payments $ 135.00
Supplies Used $ 600.00
Income Tax $ 1,524.00 $ 51,290.00
Total Expenses (B) $ 51,290.00
Net Income (A-B) $ 19,635.00 $ -

Retained Earnings (Opening Balance) $221,511.00

Add: Net Income $ 19,635.00
Less: Dividend $ (11,700.00)
Retained Earnings (Closing Balance) $229,446.00
 June 1 June 30

$8,517.00 $21,315.00
$1,974.00 $2,202.00
$8,385.00 $29,250.00
$5,700.00 $7,224.00
$2,451.00 $2,451.00

$390,000.00 $390,000.00
$221,511.00 $229,446.00

$638,538.00 $681,888.00
 Balance Sheet of Lone Pine Café
Assets November 2 March 30 Liabilities

Current Assets Current Liabilities

Cash $0.00 $311.00 Accounts Payable

Bank $10,172.00 $1,030.00 Bank Loan
Accounts Receivables $0.00 $870.00
Inventory $2,800.00 $2,430.00
License $1,428.00 $833.00

Non-current Assets Owners' Equity

Equipment $53,200.00 $50,755.00
Cash Register $1,400.00 $1,400.00 Capital Stock: Mr A
Capital Stock: Mrs A
Capital Stock: Mrs SL

$69,000.00 $57,629.00
 2 November 2009
November 2 March 30 Cash Bank Debtors Equipment
$ 16,000.00
$ 16,000.00
$ 16,000.00
$0.00 $1,583.00 $ 21,000.00
$21,000.00 $18,900.00 $ (56,000.00) $ 53,200.00
$ (1,428.00)
$ (1,400.00)
$ (10,172.00) $ 10,172.00
$ - $ 10,172.00 $ - $ 53,200.00

$16,000.00 $12,382.00 30 March 2010

$16,000.00 $12,382.00
$16,000.00 $12,382.00 $ (2,445.00)

$ 311.00 $ 1,030.00 $ 870.00 $ 50,755.00

$69,000.00 $57,629.00
 F&B License Cash Register Creditors Loan Payable Capital
$ 16,000.00
$ 16,000.00
$ 16,000.00
$ 21,000.00
$ 2,800.00
$ 1,428.00
$ 1,400.00

$ 2,800.00 $ 1,428.00 $ 1,400.00 $ - $ 21,000.00 $ 48,000.00

$ (595.00) $ (2,100.00)

$ 2,430.00 $ 833.00 $ 1,400.00 $ 1,583.00 $ 18,900.00

Investment Mr A
Investment Mrs A
Investment Mrs SL
Bank Loan
Paid 56K for Eqp & Inventory
License
Cash Register
Cash deposited to Bank
Balance Sheet of Music Mart, Inc. as on 4th January
Assets Amount Liabilities Amount

Cash
Bank
Cash Bank Debtors Inventory Fire Insurance Land
$ 5,000.00
$ 2,300.00 $ (1,500.00)
$ 2,620.00 $ (1,700.00)
$ (1,224.00) $ 1,224.00
$ (6,000.00) $ 24,000.00
$ 3,000.00 $ (12,000.00)
$ (1,000.00)
$ (750.00)
$ (6,000.00)

$ 1,310.00 $ (850.00)
Creditors Notes Payable Loan Capital Withdrawls Revenues Expenses
$ 5,000.00
$ 2,300.00 $ (1,500.00)
$ 2,620.00 $ (1,700.00)

$ 18,000.00
$ (9,000.00)
$ (1,000.00)
$ (750.00)
$ (6,000.00)

$ 1,310.00 $ (850.00)