STARTEDBUSINESSWITHRS 100000

TOOK ALOAN OF RS 500000

PURCHASEDFURNITURE FOR RS 50000 IN CASH
PURCHASEDCOMPUTER FOR RS20000 INCREDIT
PURHASED INVENTORY FORRS. 30000 IN CASH
PURCHASED INVENTORY FOR RS. 20000 IN CREDIT
PAID SALARY OF RS.10000 INCASH
RENT OFRS. 25000 STILLUNPAID
SOLD INVENTORY COSTING RS.40000 FORRS. 85000
CASHSALES RS.40000
CREDITSALES RS.45000

ASSETS
CASH FURN COMP INV
100000
600000
550000 50000
550000 50000 20000
52000 50000 20000 30000
520000 50000 20000 50000
510000 50000 20000 50000
510000 50000 20000 50000
510000 50000 20000 10000
550000 50000 20000 10000

ASSETS AMT
CASH 550000
FURNITURE 20000
COMP 20000
INVENTORY 10000
TRADERECEIVABLE 45000
TOTAL 675000

LIAB AND EQUITY

EQUITY 110000
LOAN FR BANK 500000
COMP BILL PAY 20000
TRADEPAYABLE 20000
RENT PAYABLE 25000
TOTAL 675000
INCOME STATEMENT
REVENUE AMT AMT
REVENUE FR SALES
CASH 40000
CREDIT 45000
85000

EXPENSES
COGS 40000
SALARY EXP 10000
RENTEXP 25000
75000 75000
PROFIT 10000
 Expense decreases equity
Income increases equity

LIAB EQUITY
TRADE RECEIVABALE LOAN X VENDORY INV (Trade payable) Rent Payable
100000
500000 100000
500000 100000
500000 20000 100000
500000 20000 100000
500000 20000 20000 100000
500000 20000 20000 90000
500000 20000 20000 25000 65000
500000 20000 20000 25000 25000
45000 500000 20000 20000 25000 110000