Tech Head (Neha Neha) 824 ROSE AVENUE BRISBANE, QLD,4000

Tech Head (Neha Neha)
824 ROSE AVENUE BRISBANE, QLD,4000 AUSTRALIA
Balance Sheet
As of January 2019
8/6/2019
3:30:04 PM
Assets
Current Assets
Cash On Hand $113,553.00
ACCOUNTS RECEIVABLE $62,416.00
Less Prov'n for Doubtful Debts ($1,934.00)
Inventory $112,000.00
office supplies $916.00
PREPAID RENT $5,000.00
Total Current Assets $291,951.00
NON CURRENT ASSETS
PROPERTY&EQUIPMENT $39,875.00
Total NON CURRENT ASSETS $39,875.00
Total Assets $331,826.00
Liabilities
Current Liabilities
ACCOUNTS PAYABLE $50,415.00
GST Liabilities $3,807.00
Payroll Liabilities $2,835.00
INTEREST PAYABLE $150.00
SHORT TERM LOANS $15,000.00
Total Current Liabilities $72,207.00
Long-Term Liabilities
Bank Loans $42,000.00
Total Long-Term Liabilities $42,000.00
Total Liabilities $114,207.00
Net Assets $217,619.00
Equity
SHARE CAPITAL $50,000.00
Retained Earnings $148,800.00
Current Year Earnings $18,819.00
Historical Balancing $0.00
Total Equity $217,619.00