Padma Ltd. Trial Balance As at March 31, 2010 Balance Sheet Trial Balance Adjustments Income Statement Ajusted Trial Balance
Padma Ltd. Trial Balance As at March 31, 2010 Balance Sheet Trial Balance Adjustments Income Statement Ajusted Trial Balance
Trial Balance
As at March 31, 2010
NO.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Mowla Drawing
Salaries Expense
Travel Expense
Rent Expense
Miscellaneous Expense
Notes Payable
Accounts Payable
Mowla Capital
Fees Earned
Supplies exp
Dep Exp
Acc Dep
Interest exp
Interest Payable
Insurance Exp
Net Income
Total
Trial Balance
Dr
Cr
1240000
562000
105000
240000
3000000
60000
120000
130000
120000
20000
#
#
#
#
Dr
Adjustments
Cr
75000
30000
45000
75000
30000
40000
40000
15000
15000
45000
5597000
5597000
205000
205000
5727000
Income Statement
Dr
Cr
Balance Sheet
Dr
Cr
1240000
637000
75000
195000
3000000
60000
120000
130000
120000
20000
1000000
1235000
2000000
1437000
30000
40000
40000
15000
45000
917000
1437000
1437000
5207000
15000
917000
5207000
Padma Ltd.
Balance Sheet
As at December 31, 2009
Asset
Current Asset
Cash
1240000
Accounts Receivable
637000
Supplies
75000
Prepaid Insurance
195000
Total CA
PPP
Equipment
3000000
40000
Less: Acc Dep
Total PPP
Total Asset
Liabilities and Owners' Equity
Current Liabilities:
Notes Payable
Accounts Payable
Interest Payable
Total Liabilities
Owners' Euity:
2000000
Capital
917000
Add: Net income
60000
Less: drawings
Total OE
Total Liability and OE
2147000
2960000
5107000
1000000
1235000
15000
2250000
2857000
5107000
Padma Ltd.
Income Statement
As at December 31, 2009
Fees earned
Other Expenses:
Salaries Expense
Travel Expense
Rent Expense
Miscellaneous Expense
Supplies exp
Dep Exp
Interest exp
Insurance Exp
Total Expenses
Net tincome
1437000
120000
130000
120000
20000
30000
40000
15000
45000
520000
917000
Padma Ltd.
Balance Sheet
As at December 31, 2009
Asset
Capital
Add: Net income
Less: drawings
2000000
917000
60000
2857000