Question
Fill This balance sheet from given equity statement and income statement [Financial Year] ASSETS OMR Liabilities and Owner's Equity OMR Current Assets Liabilities Capital account
Fill This balance sheet from given equity statement and income statement
[Financial Year] | ||||
ASSETS | OMR | Liabilities and Owner's Equity | OMR | |
Current Assets |
| Liabilities
Capital account Current Liabilities |
| |
Cash & Bank |
| Accounts payable |
| |
Accounts receivable |
| Bank Loan |
| |
|
| |||
Fixed assets |
|
| ||
|
| Any other Liabilities(if any) |
| |
| Total Liabilities |
| ||
| (+) Owner's Equity |
| ||
Building and civil works |
|
| ||
Vehicles Furnitures Computers & Office Equipment |
|
| ||
Other assets (if any) |
|
| ||
|
|
| ||
TOTAL ASSETS |
| Total (L+OE) |
| |
Genuises School | |
Owner's Equity Statement | |
Period[Date] | |
Capital at the beginning of the period | 100,000 OMR |
(+) Add: Additional Contribution |
|
(+) Add:Net income | 162,000 OMR |
Subtotal | 262,000 OMR |
(-) Less:Owner's withdrawals (or Dividend distributes) | 5000OMR |
Owner's Capital at year end | 257,000 OMR |
Genuises School | |
Income Statement | |
For year ended June 30,2025 | |
Profits & Loss | Yearly Total |
Revenues Tuition Fees (Books+Resources+Uniform) Fees
| 829,500 OMR 693,000 OMR 136,000 OMR |
Less cost of Revenues Website & software Science Lab resources Library resources IT Lab Resources Offices Furniture IB License
| 400,000 OMR |
Gross Profit | 429,000 OMR |
Less Expenses |
|
Salaries | 184,800 OMR |
Advertising & marketing | 1000 OMR |
Utilities(Electricity,Water,Internet service &Telephone Bill) | 2400 OMR |
Loan Payments | 12,000 OMR |
Rent expense+accamodation | 60,000 OMR |
Repair & Maintenance | 500 OMR |
Stationary & Printing | 500 OMR |
Petrol | 960 OMR |
Software | 1000 OMR |
Insurance | 4800 OMR |
Total expenses | 267,000OMR |
Net Profit (Net Income) | 162,000 OMR |
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