Deepak Motiramani - Assignment 2 Financial Accounting MBA (EE) 2012-2015 Batch Roll No.

2012G11 Balance Sheet of Kapoor Software Ltd. Liabilities +Equity Equity a) Equity Share Capital Vinay Kapoor Sheela Kapoor b) Retained Earnings Rent Expense for Office June Month Earnings from Services Earnings from Services Earnings from Services Interest Payment Canara Bank Salary to 2 programmers and Amit Loss in inventory Electricity Bill Expense Rs. 30,000 Tr 1 30,000 Tr1 -2,500 29,200 19,400 9,800 -340 -16,500 -1,410 -450 Tr 4 Tr 7 Tr 10 Tr 11 Tr 15 Tr 16 Tr 17 Tr 18

Liabilities Rs. Creditor Canara Bank - Loan 25,000 Tr 2 Accounts payable for Computer 40,000 Tr 3 Creditor for Computer Purchase 25,000 Tr 5 Accounts payable to Gupta & Co. for Supplies 3,900 Tr 6 Creditor Gupta & Co. for rejection CD Lot -710 Tr 8 Creditor Canara Bank - Loan -14,000 Tr 14 Accounts payable for Electricity Bill 450 Tr 18 Creditor Gupta & Co. 3,400 Tr 19 Creditor Gupta & Co. -3,400 Tr 20 Creditor for Computer Purchase -8,333 Tr 21

Total

168,507

mani - Assignment 2 Financial Accounting MBA (EE) 2012-2015 Batch Roll No. 2012G11 e Sheet of Kapoor Software Ltd. Assets Fixed Assets Computer Purchase Rs. 40,000 Tr 5

Current Assets Cash in Bank Cash at Bank Goods Receivable for Computer Expenditure for payment of Monthly Rent Cash at Bank for payment of first computer installment Supplies Inventory Accounts Receivable from Debtors Supplies Inventory Cash at Bank for receipt of Cheque Accounts Receivable from Debtors Accounts Receivable from Debtors Cash at Bank Cash at Bank Supplies Inventory Cash at Bank Accounts Receivable from Debtors Cash at Bank Cash at Bank Cash at Bank Inventory Loss Supplies Inventory Cash at Bank Cash at Bank Total

Rs. 60,000 25,000 40,000 -2,500 -15,000 3,900 29,200 -710 14,100 -14,100 19,400 9,800 -620 620 7,100 -7,100 -14,000 -340 -16,500 -1,410 3,400 -3,400 -8,333 168,507

Tr 1 Tr 2 Tr 3 Tr 4 Tr 5 Tr 6 Tr 7 Tr 8 Tr 9 Tr 9 Tr 10 Tr 11 Tr 12 Tr 12 Tr 13 Tr 13 Tr 14 Tr 15 Tr 16 Tr 17 Tr 19 Tr 20 Tr 21