The Equity Current Earnings

Balance SheetBalance Sheet
Saurav Pty Ltd
Accrual modeAccrual mode
31 Jul 201931 Jul 2019
Generated 25 Jan 2020
T otalT otal
Asset
Banking
1-1200 Petty cash 428.00
T otal BankingT otal Banking 428.00428.00
Current Assets
1-1000 Cash at Bank -12,391.00
1-1800 Accounts receivable 72,608.00
1-1801 Provision for doubtful debts -3,630.40
1-1850 Inventory Control 99,340.45
1-1851 Prepayments 9,000.00
T otal Current AssetsT otal Current Assets 164,927.05164,927.05
Fixed Assets
1-2000 Shop Fixtures and Equipment 338,000.00
1-2001 Accum Depn-Shop Fixt & Equip -111,800.00
1-2700 Goodwill 50,000.00
T otal F ixed AssetsT otal F ixed Assets 276,200.00276,200.00
T otal AssetT otal Asset 441,555.05441,555.05
Liability
Credit Card
T otal Credit CardT otal Credit Card 0.000.00
Current Liabilities
2-1800 Accounts payable 33,502.00
2-2200 GST collected 23,857.00
2-2400 GST paid -16,993.37
2-2500 Accrued expenses 2,100.00
2-2600 PAYG withholdings payable 9,000.00
T otal Current LiabilitiesT otal Current Liabilities 51,465.6351,465.63
Long Term Liabilities
2-3400 Bank loan 250,000.00
T otal Long T erm LiabilitiesT otal Long T erm Liabilities 250,000.00250,000.00
T otal LiabilityT otal Liability 301,465.63301,465.63
Net AssetsNet Assets 140,089.42140,089.42
Equity
Current Earnings
3-1800 Current year earnings -14,910.58
T otal Current EarningsT otal Current Earnings -14,910.58-14,910.58
Retained Earnings
3-1600 Retained earnings 35,000.00
T otal Retained EarningsT otal Retained Earnings 35,000.0035,000.00
Saurav Pty Ltd | Generated 25 Jan 2020 Page 1 of 2