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Non-Current Assets Non-Current Liabilites: Asset Accounts Liability Accounts Equity Accounts

This document outlines the key components of asset, liability, and equity accounts, as well as statements of profit and loss, changes in equity, and the balance sheet for a company. The asset accounts include current assets like cash and inventory as well as non-current assets like property, plant, and equipment. The liability accounts separate current obligations like payables from non-current debts. Equity tracks share capital and retained earnings. The profit and loss statement reports revenues, expenses, taxes, and earnings. Changes in equity shows movements in capital and profits. And the balance sheet presents the company's assets, liabilities, and equity at a point in time.

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51 views4 pages

Non-Current Assets Non-Current Liabilites: Asset Accounts Liability Accounts Equity Accounts

This document outlines the key components of asset, liability, and equity accounts, as well as statements of profit and loss, changes in equity, and the balance sheet for a company. The asset accounts include current assets like cash and inventory as well as non-current assets like property, plant, and equipment. The liability accounts separate current obligations like payables from non-current debts. Equity tracks share capital and retained earnings. The profit and loss statement reports revenues, expenses, taxes, and earnings. Changes in equity shows movements in capital and profits. And the balance sheet presents the company's assets, liabilities, and equity at a point in time.

Uploaded by

tanima
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

Asset Accounts Liability Accounts Equity Accounts

Non-current Assets Non-current Liabilites Share capital


Land and building Bank loan Retained earnings
Plant and Machinery Bonds Dividend
Equipments Debentures Income
Computer Unsecured loans Sale of goods
Softwares Current Liabilities Revenue from services
Furniture Accounts payable Interest income
Patents Unearned revenue Dividend income
Investments - long term Short-term loans Profit on sale of assets
Trademarks Expenses
Current Assets Cost of goods sold
Cash and cash equivalents Salary expense
Accounts receivables Rent expense
Inventory Electricity expense
Prepaid expense Insurance expense
Investments - short term Interest expense
Income tax expense
Advertisement expense
Telephone expense
Office supplies expense
Loss on sale of assets
Depreciation and amortisation
Statement of Profit and Loss
For the year ended 31 Decemeber 2019
Amount in Rs.
INCOME
Sale of goods
Revenue from services
Interest income
Dividend income
Profit on sale of assets
Total Income
EXPENSES
Cost of goods sold
Salary expense
Rent expense
Electricity expense
Insurance expense
Advertisement expense
Telephone expense
Office supplies expense
Loss on sale of assets
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)
Depreciation and amortisation
Earnings Before Interest and Tax (EBIT)
Interest expense
Earnings before tax (EBT)
Income tax expense
Earnings after tax (EAT)
Statement of Changes in Equity
For the year ended 31 Decemeber 2019
Equity share Retained
capital earnings Total
Balance, 01 January 2019
Share capital issues
Profit for the period
Dividends
Balance, 31 December 2019
Balance Sheet
As at 31 Decemeber 2019
Amount in Rs.
ASSETS
Non-current Assets
Land and building
Plant and Machinery
Equipments
Computer
Softwares
Furniture
Patents
Investments - long term
Trademarks
Total non-current assets
Current Assets
Cash and cash equivalents
Accounts receivables
Inventory
Prepaid expense
Investments - short term
Total current assets
Total assets
EQUITY AND LIABILTIES
EQUITY
Share capital
Retained earnings
Total Equity
LIABILTIIES
Non-current Liabilites
Bank loan
Bonds
Debentures
Unsecured loans
Total non-current liabilities
Current Liabilities
Accounts payable
Unearned revenue
Short-term loans
Total current liabilities
Total liabilities
Total Equity and Liabilites

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