Particulars Debit Credit

Opening Stock 16,000.00

Sales 107,400.00
Purchases 64,400.00
Commision 1,400.00
General Expenses 2,400.00
Bad Debts 600.00
Discount Received 1,400.00
Bank Overdraft 10,000.00
Int on Bank Overdraft 600.00
Commission Rec 1,800.00
Insurance 4,000.00
Salary 9,000.00
Cash in Hand 4,000.00
Motor Car 8,000.00
Furniture 5,200.00
Building 65,000.00
Debtors 6,000.00
Creditors 16,000.00
Capital 50,000.00
Total 186,600.00 186,600.00

Closing Stock 15,000.00

Particulars Debit Credit Classification
Opening Stock 16,000.00
Sales 107,400.00
Closing Stock 15,000.00
Purchases 64,400.00
Direct Expenses 1,400.00
Gross Profit 40,600.00
122,400.00 122,400.00
By Gross Profit - 40,600.00
General Expenses 2,400.00
Bad Debts 600.00
Discount Received 1,400.00
Int on Bank Overdraft 600.00
Commission Rec 1,800.00
Insurance 4,000.00
Salary 9,000.00
Net Profit 27,200.00
43,800.00 43,800.00
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 Lability + Capital Assets
Particulars Amount Particulars Amount
Creditors 16,000.00
Cash in Hand 4,000.00
Capital 50,000.00
Motor Car 8,000.00
Reserve & Surplus 27,200.00
Furniture 5,200.00
Bank Overdraft 10,000.00
Building 65,000.00
Debtors 6,000.00
Closing Stock 15,000.00
Total 103,200.00 Total 103,200.00
 Particulars Debit Credit
Opening Stock 18,000.00
Sales 110,000.00
Purchases 68,245.00
General Expenses 5,200.00
Bad Debts 800.00
Discount Received 1,950.00
Bank Overdraft 12,000.00
Int on Bank Overdraft 700.00
Insurance 2,000.00
Salary 9,000.00
Cash in Hand 3,220.00
Vehicle 12,390.00
Furniture 5,200.00
Building 165,000.00
Debtors 6,195.00
Creditors 22,000.00
Capital 150,000.00
Total 295,950.00 295,950.00

Closing Stock 15,000.00

 Shareholder's Fund Assets Non Current
Share Capital 2,500,000.00 Fixed Assets 5,500,000.00
Share Premium 2,500,000.00
Reseve & Surplus 440,100.00
Liabilities Non Current Assets Current
Secured Loan 1,500,000.00 Motor Car 500,000.00
Unsecured Loan 200,000.00 Furniture 50,000.00
Liabilities Current Computers 450,000.00
Rent Payable 30,000.00 Bank Balance 250,000.00
Trade Payable 100,000.00 Cash in Hand 35,000.00
Bank Overdraft 200,000.00 Trade Recievable 755,100.00
Salary Payable 70,000.00
7,540,100.00 7,540,100.00
Particulars Debit Credit Classification
Motor Car 500,000.00 Assets Non Current
Furniture 50,000.00 Assets Non Current
Computers 450,000.00 Assets Non Current
Fixed Assets 5,500,000.00 Assets Non Current
Bank Balance 250,000.00 Assets Current
Cash in Hand 35,000.00 Assets Current
Trade Recievable 755,100.00 Assets Current
Bank Overdraft 200,000.00 Liabilities Current
Trade Payable 100,000.00 Liabilities Current
Share Premium 2,500,000.00 Shareholder's Fund
Share Capital 2,500,000.00 Shareholder's Fund
Reseve & Surplus 440,100.00 Shareholder's Fund
Rent Payable 30,000.00 Liabilities Current
Salary Payable 70,000.00 Liabilities Current
Secured Loan 1,500,000.00 Liabilities Non Current
Unsecured Loan 200,000.00 Liabilities Non Current
7,540,100.00 7,540,100.00

Shareholder's Fund
Liabilities Current
Liabilities Non Current
Assets Non Current
Assets Current
 Shareholder's Fund Assets Non Current
Share Premium 2,500,000.00 Motor Car 500,000.00
Share Capital 2,500,000.00 Furniture 50,000.00
Reseve & Surplus 440,100.00 Computers 450,000.00
Fixed Assets 5,500,000.00
Liabilities Non Current Assets Current
Secured Loan 1,500,000.00 Bank Balance 250,000.00
Unsecured Loan 200,000.00 Trade Recievable 755,100.00
Liabilities Current Cash in Hand 35,000.00
Bank Overdraft 200,000.00
Trade Payable 100,000.00
Rent Payable 30,000.00
Salary Payable 70,000.00
7,540,100.00 7,540,100.00
Shareholder's Fund Assets Non Current

Liabilities Non Current Assets Current

Liabilities Non Current

- -
Shareholder's Fund
Liabilities Non Current
Liabilities Non Current
Assets Non Current
Assets Current