ABC CONSULTING LIMITED

BALANCE SHEET
13-05-16
INPUT SECTION ASSETS
Cash in Bank INR 7,115.15 Current Assets
Petty Cash INR 400.00 Cash in Bank INR 7,115.15
Marketable Securities INR 5,000.00 Petty Cash INR 400.00
INR
Accounts Receivable Marketable Securities INR 5,000.00
24,100.00
INR
Allowance for Bad Debts INR 615.00 Accounts Receivable
24,100.00
INR
Inventory Allowance for Bad Debts INR 615.00 INR 23,485.00
65,000.00
Office Supplies INR 1,480.00 Inventory INR 65,000.00
Prepaid Insurance INR 5,135.00 Office Supplies INR 1,480.00
INR
Land Prepaid Insurance INR 5,135.00
10,000.00
INR INR
Buildings Total Current Assets
65,000.00 107,615.15
Accumulated Depreciation—Buildings INR 9,750.00
INR
Warehouse Noncurrent Assets
30,000.00
Accumulated Depreciation—Warehouse INR 5,400.00 Land INR 10,000.00
INR INR
Trucks Buildings
16,000.00 65,000.00
Accumulated Depreciation—Trucks INR 9,000.00 Less Accumulated Depreciation—Buildings INR 9,750.00 INR 55,250.00
INR
Office Equipment INR 8,700.00 Warehouse
30,000.00
Accumulated Depreciation—Office
INR 3,915.00 Less Accumulated Depreciation—Warehouse INR 5,400.00 INR 24,600.00
Equipment
Accounts Payable INR Trucks INR
 14,190.00 16,000.00
INR
Notes Payable, Short-Term Less Accumulated Depreciation—Trucks INR 9,000.00 INR 7,000.00
25,000.00
Interest Payable INR 215.00 Office Equipment INR 8,700.00
Less Accumulated Depreciation—Office
Income Tax Payable INR 300.00 INR 3,915.00 INR 4,785.00
Equipment
INR
Liability for Payroll Taxes INR 1,800.00 Total Noncurrent Assets
101,635.00
INR INR
Notes Payable, Long-Term Total Assets
70,000.00 209,250.15
INR
ABC, Capital
97,745.15
LIABILITIES AND OWNER’S EQUITY
Current Liabilities
Accounts Payable INR 14,190.00
Notes Payable, Short-Term INR 25,000.00
Interest Payable INR 215.00
Income Tax Payable INR 300.00
Liability for Payroll Taxes INR 1,800.00
Total Current Liabilities INR 41,505.00
Noncurrent Liabilities
Notes Payable, Long-Term INR 70,000.00
Total Noncurrent Liabilities INR 70,000.00
INR
Total Liabilities
111,505.00
Owner‘s Equity
ABC, Capital INR 97,745.15
Total Owner‘s Equity INR 97,745.15
INR
Total Liabilities and Owner‘s Equity
209,250.15