Items | Jan 1, 2005 | Dec 31, 2005 |
Cash in hand | 10,000 | 36,000 |
Debtors | 20,000 | 80,000 |
Creditors | 10,000 | 46,000 |
Bills receivable | 20,000 | 24,000 |
Bills payable | 4,000 | 42,000 |
Car | ------ | 80,000 |
Stock | 40,000 | 30,000 |
Furniture | 8,000 | 48,000 |
Investment | 40,000 | 50,000 |
Bank Balance | 1,00,000 | 90,000 |
Liabilities | Amt.(Rs) | Assets | Amt.(Rs) |
Creditors | 10,000 | Cash in hand | 10,000 |
Bills Payable | 4,000 | Debtors | 20,000 |
Capital (Balancing Figure) | 2,24,000 | Bills Receivable | 20,000 |
Car | --- | ||
Stock | 40,000 | ||
Furniture | 8,000 | ||
Investment | $40,000 | ||
Cash at Bank | 1,00,000 | ||
2,38,000 | 2,38,000 |
Liabilities | Amt. (Rs) | Assets | Amt. (Rs) |
Creditors | 46,000 | Cash in Hand | 36,000 |
Bills Payable | 42,000 | Debtors | 80,000 |
Outstanding Expenses | 6,000 | Bills Receivable | 24,000 |
Capital (Balancing Figure) | 3,35,200 | Car 80,000 (-) Depreciation @ 5% 4,0000 | 76,000 |
Furniture (-)Depreciation @ 10% 48,000 | 43,200 | ||
Investment | 50,000 | ||
Cash at Bank | 90,000 | ||
Stock | 30,000 | ||
4,29,200 | 4,29,200 |
Particulars | Amt. (Rs) |
Capital at the end of the year on 31st December 2005 | 3,35,200 |
(+) Drawings during the year (5000×12) | 60,000 |
(-) Fresh Capital Introduced during the year | 3,95,200 30,000 |
(-) Capital at the Beginning as on 1st Jan 2005 | 3,65,200 2,24,200 |
Profit earned during the year 2005 | 1,41,200 |