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Balance Sheet

(1) Balance Sheet as at 31 December 20XX

$ $
Capitals: Robin 16,000
Hood 12,000 28,000


Current accounts
Robin Hood
$ $
Interest on capital 1,100 1,300
Share of profits 3,500 2,700
Salary - 750


4,600 4,750


Less Drawings 3,000 3,000
Interest on drawings
75 150


3,075 3,150


Balance as at 31 December 1,525 1,600 3,125


 

(2) Balance Sheet as at 31 December 20XX


Capital accounts Robin Hood
$ $ $
Balance as at 1 January 16,000 12,000
Capital introduced 8.000 4,000




24,000 16,000 40,000


Current accounts Robin Hood
$ $
Interest on capital 1,100 1,300
Share of profits 3,500 2,700


4,600 4,000
Less Drawings 3,000 3,000


Balance as at 31 December 1,600 1,000 2,600


Last Updated (Monday, 06 September 2010 16:32)