Rs. | |||
Agency Fees Earned | 5200 | ||
Less:Operating Expense | Rs. | ||
Interest | 45 | ||
Telephone Expense | 480 | ||
Office Supplies Expense | 1500 | ||
Depreciation Expense | 3000 | ||
Rent Expense | |||
Insurance Expence | 1300 | ||
Salary Expence | 2600 | ||
39025 | |||
Net Profit Before Tax | 12975 | ||
Income Tax Expence | 3525 | ||
Net Profit | 9450 |
Rs. | ||
Net Profit | 9450 | |
ADD:Retained Earning | 10800 | |
20250 | ||
Less:Divident | 800 | |
Retained Earnind | 19450 |
BALANCE SHEET
ASSETS | Rs. | LIABILITIES | Rs. | |
Cash | 14950 | 1500 | ||
38300 | 6000 | |||
600 | 3525 | |||
250 | 5500 | |||
530 | 20000 | |||
2750 | Retained earning | 19450 | ||
1360 | ||||
45 | ||||
57380 | 57380 |
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