Saurav Pty Ltd: Comprehensive Account List Report and Analysis

This assignment presents an account list report for Saurav Pty Ltd, detailing various financial accounts. The report includes account numbers, names, types, and balances as of January 26, 2020. It categorizes accounts into assets (cash, receivables, inventory, fixed assets), liabilities (payables, loans), equity, income (sales), cost of sales, and expenses (advertising, bank charges, etc.). Each account's tax type and status are also indicated. This report serves as a snapshot of the company's financial position, providing insights into its assets, liabilities, equity, and overall financial performance. The report is useful for financial analysis, decision-making, and understanding the company's financial health.

1-1000 Cash at Bank Banking -$12,391.00 Not Reportable Active
1-1200 Petty cash Banking $428.00 Not Reportable Active
1-1800 Accounts receivable Current Assets $72,608.00 Not Reportable Active
1-1801 Provision for doubtful debts Current Assets -$3,630.40 Not Reportable Active
1-1850 Inventory Control Current Assets $99,340.45 Not Reportable Active
1-1851 Prepayments Current Assets $9,000.00 Not Reportable Active
1-2000 Shop Fixtures and Equipment Fixed Assets $338,000.00 Capital Acquisitions Active
1-2001 Accum Depn-Shop Fixt & Equip Fixed Assets -$111,800.00 Not Reportable Active
1-2700 Goodwill Fixed Assets $50,000.00 Not Reportable Active
2-1800 Accounts payable Current Liabilities $33,502.00 Not Reportable Active
2-2200 GST collected Current Liabilities $23,857.00 Not Reportable Active
2-2400 GST paid Current Liabilities -$16,993.37 Not Reportable Active
2-2500 Accrued expenses Current Liabilities $2,100.00 Not Reportable Active
2-2600 PAYG withholdings payable Current Liabilities $9,000.00 Not Reportable Active
2-3400 Bank loan Long Term Liabilities $250,000.00 Not Reportable Active
3-1000 Issued and Paid up Capital Equity $120,000.00 Not Reportable Active
3-1600 Retained earnings Retained Earnings $35,000.00 Not Reportable Active
3-1800 Current year earnings Current Earnings -$14,910.58 Not Reportable Active
4-2400 Sales Income $88,570.00 Goods & Services Tax Active
5-2800 Purchases Cost of Sales $38,225.00 Goods & Services Tax Active
6-1200 Advertising Expense $4,090.91 Goods & Services Tax Active
6-1400 Bank charges Expense $110.00 GST Free Active
6-2000 Electricity & gas Expense $2,100.00 Goods & Services Tax Active
6-2600 Insurance Expense $1,000.00 Goods & Services Tax Active
6-2800 Interest paid Expense $1,875.00 GST Free Active
6-3200 Lease of equipment Expense $3,717.27 Goods & Services Tax Active
6-3400 Motor vehicle expenses Expense $500.00 Goods & Services Tax Active
6-3600 Office supplies Expense $165.00 Goods & Services Tax Active
6-4000 Postage & courier Expense $750.64 Goods & Services Tax Active
6-4200 Printing & stationery Expense $500.00 Goods & Services Tax Active
6-4400 Sales commission Expense $5,000.00 Goods & Services Tax Active
6-4800 Repairs & maintenance Expense $227.27 Goods & Services Tax Active
6-5400 Superannuation expense Expense $3,000.00 Not Reportable Active
6-5600 Telephone Expense $759.09 Goods & Services Tax Active
6-5800 Travel & accommodation Expense $330.00 Goods & Services Tax Active
6-6200 Wages & salaries Expense $37,000.00 Not Reportable Active
9-1000 Other expenses Other Expense $500.00 Goods & Services Tax Active
9-1001 Bad debt Other Expense $3,630.40 Goods & Services Tax Active
Saurav Pty Ltd
Account List Report
Account
Number
Account Name Type Balance Tax Type Status
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