Balance Sheet Radiant Sage Consulting - 11656070 As at 31 March 2024 Account 31-Mar-24 Assets Bank Bank Account - 11656070 54,291 Total Bank 54,291 Current Assets 610 - Accounts Receivable 34,600 620 - Insurance Prepayments 12,000 681 - Cash Management Account 25,000 Total Current Assets 71,600 Fixed Assets 710 - Office Buildings 685,000 711 - Less: Accumulated Depreciation - Office Buildings (104,550) 720 - Computers and Equipment 330,450 721 - Less: Accumulated Depreciation - Computers and Equipment (67,100) 730 - Computer Software 66,700 731 - Less: Impairment Loss of Computer Software (480) Total Fixed Assets 910,020 Total Assets 1,035,911 Liabilities Current Liabilities 800 - Accounts Payable 14,730 870 - Provision for Annual Leave 29,000 871 - Prepaid Services 11,000 Total Current Liabilities 54,730 Non-current Liabilities 900 - Bank Loans 225,000 Total Non-current Liabilities 225,000 Total Liabilities 279,730 Net Assets 756,181 Equity 960 - Retained Earnings 53,335 970 - Share Capital 600,000 Current Year Earnings 102,846 Total Equity 756,181 How does this Xero balance sheet not meet aasb101 accounting standards