Balance Sheet Assignment 2022

Balance Sheet 11649252-VAMSI VEERABATHULA
Balance Sheet
11649252-VAMSI VEERABATHULA
As at 31 July 2019 31 JUL 2019
Assets
Bank
Cash at bank-11649252 47,090.00
Total Bank 47,090.00
Current Assets
Accounts Receivable 42,146.50
Inventory – Accessories 3,050.00
Inventory – Clothing 4,170.00
Total Current Assets 49,366.50
Fixed Assets
Furniture and Fittings 20,000.00
Office Equipment 12,300.00
Total Fixed Assets 32,300.00
Total Assets 128,756.50
Liabilities
Current Liabilities
Accounts Payable 27,665.00
GST (393.50)
Total Current Liabilities 27,271.50
Non-current Liabilities
Business Loan 45,000.00
Total Non-current Liabilities 45,000.00
Total Liabilities 72,271.50
Net Assets 56,485.00
Equity
Current Year Earnings 31,485.00
Owners Contribution 25,000.00
Total Equity 56,485.00