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Monthly Income and Balance Sheet Summary

The document contains a monthly income statement and balance sheet. The income statement shows a total income of $45,000 with total expenses of $20,333, resulting in net income of $24,667. The balance sheet lists total assets of $175,000 including current assets of $85,000 and fixed assets of $90,000, as well as total liabilities of $8,000 and total equity of $167,000.

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SalmanAhmed509
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364 views2 pages

Monthly Income and Balance Sheet Summary

The document contains a monthly income statement and balance sheet. The income statement shows a total income of $45,000 with total expenses of $20,333, resulting in net income of $24,667. The balance sheet lists total assets of $175,000 including current assets of $85,000 and fixed assets of $90,000, as well as total liabilities of $8,000 and total equity of $167,000.

Uploaded by

SalmanAhmed509
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Personalized Monthly Income Statement of

Income:
Base Salary
House Allowances, Travel Expenses etc
Total Income

22,500
22,500
45,000

Expenses:
Taxes
Food
Travel Expense
Credit Card Bill
Mobile Bill
Clothes

333.33
5,000
5,000
3,000
2,000
5,000

Total Expenses

20,333.33

Net Income

24,667
Personalized Balance Sheet of
as at 20th November,2015

Assets
Cash
Balance at Bank
Total Current Assets
Fixed Assets
Laptop
Mobile Phone
Total Fixed Assets
Total Assets

5,000
80,000
85,000

40,000
50,000
90,000
175,000

Liabilities & Equity:


Liabilities:
Credit Card Payable

8,000

Total Liabilities

8,000

Equity:

Capital
Retained Earnings

142,333
24,667

Total Equity
Total Liabilities + Equity

167,000

175,000

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