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Gulistan and Co

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rizwan.rasg
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27 views4 pages

Gulistan and Co

Uploaded by

rizwan.rasg
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Cost of services

ASSETS
Non-current assets
Sales equipment
Allowance for depreciation

Current assets
Merchandise inventory
Prepaid shop rent (5,000+1,000)
Prepaid office supplies
Accounts receivable
Cash

Total assets

EQUITY AND LIABILITIES


Capital
Net profit

Liabilities
Accounts payable
Salaries outstanding

Total equity abd liablities


2020 2020
--------Rupees-------

30,000
(2,000) 28,000

10,000
6,000
400
10,000
5,000 31,400

59,400

30,000
18,400 48,400

6,000
5,000 11,000

59,400
Sales revenue
Sales return and allowance

Cost of sales
Opening inventory
Purchases
Purchases discount
Carriage inward
Closing inventory
Gross profit

Expenses
Salaries expensse (18,000+5,000)
Allowance for bad debts
Office supplies expenses (2,000 - 400)
Miscellaneous expenses
Advertising expenses
Delivery expenses

Other income
Commission income (3,000-1,000)

Net profit
68,000
(500) 67,500

8,000
24,000
(1,000)
500
(10,000) 21,500
46,000

23,000
500
1,600
1,500
2,500
500 (29,600)

2,000

18,400

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