4.
14 Adjusted trail balance march 31st, 20XX
office equipment 10000
Accumulated depreciation 2000
estimated depreciation 1000
office supplies 930
office supplies consumed 1580
cash 5600
unearned revenue(2100-460) 1640
revenue from services(13810+460+370) 14640
trade recievables 370
salary expenses(5940+490) 6430
salary payable 490
cleaning charges expenses 240
unpaid cleaning charges 240
estimated income tax expenses 300
estimated income tax payable 300
trade payables 1600
share capital 10000
retained earnings 2340
dividends 2000
rent expenses 4800
Total 33250 33250
profit and loss A/c for the period ending 31st march 2020
Income: Amount Amount
Revenue from services 14640
other revenues nill
total income 14640
Expenses:
depreciation 1000
office supplies consumed 1580
salary expenses 6430
cleaning charges expenses 240
rent expenses 4800 14050
profit before tax 590
(-) tax 300
profit after tax 290
Balance sheet of ADMARK ltd as on march 31st, 20X2
Assets: Amount
Non - current assets
office equipment(10000-2000) 8000
Financial Assets:
Investments Nill
total non current asstes 8000
Current Assets:
office supplies(inventory) 930
cash 5600
trade recievables 370 6900
total assets 14900
Equity and liabilities
Equity:
share capital 10000
(+)retained earnings 2340
profit aftyer tax 290
(-) dividends paid 2000 10630 10630
Liabilities:
Non current liabilities:
Finacial liabilities
Burrowing nill
Non current liabilities: Nill Nill
Current liabilities:
unearned revenue 1640
trade payables 1600
salary payable 490
unpaid cleaning charges 240
income tax liabilities 300 4270
Total liabilities 14900
4.13 Adjusted Trail balance as on january 31st, 202XX
Particulars Amount Amount
Buildings 15000
Depreciation 125
Accumulated depreciation 125
office equipment 12000
office equipment depreciation 250
Accumulated depreciation 250
office supplies 970
office supplies expenses 1170
Trade recievables(1640+900) 2540
revenue from service(900+16870+720) 18490
unearned revenue(1600-720) 880
salaries expenses(3100+3100) 6200
salary payable 3100
prepaid rent 3000
rent paid 600
cash 630
Trade payable 1020
share capital 20000
dividends 1000
electricity expenses 380
Telephone company 480
Telephone company bill payable 480
Total 44345 44345
profit and loss account as on 31st january, 20XX
Income: Amount Amount
revenue from services 18490
other revenues nill
total income 18490
Expenses: Amount Amount
depreciation:
Building 125
office equipmentm 250 375
office supplies expenses 1170
salaries expenses 6200
rent expenses 600
electricity expenses 380
Telephone bill expenses 480 9205
Profir before tax 9285
(-) tax nill
Profit after tax 9285
Balance sheet as on 31st January, 20XX
Assets:
Non current asst:
office equipment(12000-250) 11750
Buildings(15000-125) 14875
Total non current assets 26625
cash 630
office supplies 970
trade recievables 2540
prepaid rent 3000 7140
Total assets 33765
Equit and liabalities:
Equity:
Capital 20000
(+)profit after tax 9285
(-) Dividends 1000 8285
Total equity 28285
Liabilities:
Non current liabilities:
finacial liabilities
burrowings nill
Current liabilities:
Trade payables 1020
unearned revenue 880
salary payable 3100
Telephone bill payable 480 5480
Total Liabilities 5480 33765
4.12 Adjusted Trial balance
Particulars Debit(Rs) Credit(rs)
Swimming pool 12000
depreciation on swimming pool 200
depreciation applicable 200
tennis court 9600
depreciation on tennis court 100
depreciation apllicable 100
inventory on supplies 1190
supplies consumed 2090
trade recievables(1200+2910) 4110
unearned revenue(2100-300) 1800
revenue from services(15540+300+1200) 17040
salary expenses 4200
salary payable 1290
prepaid insurance premium 1100
paid insurance premium 100
cash 940
trade payables 1290
share capital 15000
dividends 800
telephone expenses 290
electricity bill 280
electricity bill payable 280
Total 37000 37000
Lesure central limited
Profit and loss A/c
For the month of july 31st ,20XX
Income: Amount Amount
Revenue from services 17040
other revenue nill
Total revnue from services 17040
Expenses:
Depreciation:
Swimming pool: 200
Tennis court 100
supplies consumed 2090
salary expenses 4200
paid insurance 100
telephone expenses 290
electricity expenses 280 7260
Profit before tax 9780
(-) nill
profit after tax 9780
Balance sheet as on 31st July 20XX
Assets: Amount Amount
Non- current assets
Swimming Pool(12000-200) 11800
Tennis court(9600-100) 9500
Total non current assets 21300
Current Assets:
Inventory 1190
trade recievable 4110
prepaid insurance 1100
cash 940 7340
Total assets 28640
Equity and Liability:
Equity:
PAT 9780
(-) divedends 800 8980
capital 15000
Total Equity 23980 23980
Liabilities:
Unearned Revenue 1800
salary payable 1290
trade payables 1290
electricity bill payable 280 4660
Total Liabilities 28640
