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SAP BalanceSheet

The balance sheet shows ABC Enterprises had total assets of PHP 7,959,394 as of December 31, 2020, including current assets of PHP 4,754,474 and noncurrent assets of PHP 3,655,000. Total liabilities were PHP 242,494, consisting of accounts payable, accrued expenses payable, and output tax. Capital and reserves totaled PHP 7,716,900, with capital contributions from Aquino of PHP 8,626,000 and a drawing of PHP 150,000, resulting in a profit period of PHP 759,100.

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Blesszie Villegas
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40 views

SAP BalanceSheet

The balance sheet shows ABC Enterprises had total assets of PHP 7,959,394 as of December 31, 2020, including current assets of PHP 4,754,474 and noncurrent assets of PHP 3,655,000. Total liabilities were PHP 242,494, consisting of accounts payable, accrued expenses payable, and output tax. Capital and reserves totaled PHP 7,716,900, with capital contributions from Aquino of PHP 8,626,000 and a drawing of PHP 150,000, resulting in a profit period of PHP 759,100.

Uploaded by

Blesszie Villegas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ABC Enterprises

▌Balance Sheet
Template: Chart of Accounts Report Cycle: Annual Report Posting Date: To 12.31.20

Transaction Cross-Section by Posting Date: Currency:PHP

Account Name Balance Account Name Balance

Assets Liabilities

A100000 - Current Assets 4,754,474.00 L100000 - Accounts Payable 203,604.00

A200000 - Noncurrent Assets 3,655,000.00 L500000 - Accrued Expenses Payable (11,150.00)

20000 - PLDT (11,200.00) L600000 - Output Tax 50,040.00

AI41000 - Input Tax 2,400.00 Total Liabilities 242,494.00

0300000 - PhilHealth Contribution 6,000.00 Capital and Reserves

SU400OO - Social Security System (490,000.00)


C100000 - Aquino, Capital 8,626,000.00
L6000 - Output Tax (17,280.00)
C200000 - Aquino, Drawing (150,000.00)
A143000 - Office Supplies 60,000.00
Profit Period (759,100.00)
Total Assets 7,959,394.00
Total Capital and Reserves 7,716,900.00

7,959,394.00
7,959,394.00

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Page: 1/1 Printed By: SAP Business One Printed On: 12:59AM 07.02.22

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