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Financial Statement Overview

The document outlines a financial statement detailing assets, equity, and liabilities of a business, including various transactions such as income from rent and expenses like salaries and utilities. It includes a breakdown of payables and receipts, along with a reconciliation of bank balances. The final section summarizes the balance of a fidelity fund and related transactions.

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louwjw2002
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8 views8 pages

Financial Statement Overview

The document outlines a financial statement detailing assets, equity, and liabilities of a business, including various transactions such as income from rent and expenses like salaries and utilities. It includes a breakdown of payables and receipts, along with a reconciliation of bank balances. The final section summarizes the balance of a fidelity fund and related transactions.

Uploaded by

louwjw2002
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

ASSETS EQUITY LIABILITIES

ACCOU AMO

te
AMOUNT NT UNT ACCOUNT AMOUNT

Da
Busines
1 50,000 s Bank ### Capital
Law
3,800 Library
7
Busines
-3,800 s Bank
10 -860 Stationary 860
Busines
18 9,800 s Bank
-9,800 Clients
Busines
20 2,500 s Bank ### Rent Income
25 -12,000 Business ### Salaries

Busines
28 -2900 s Bank ### Drawings
Busines
30 -860 s Bank -860

Received rent, R2 500


Business Bank Capital
20 Current Income 2,500 20 Business Bank 2,500
LIABILITIES

ACCOUNT

Payables:Walton

Payables:Walton

Details Debit Credit


Printing 660
VAT Control 99
19 B. British 759
(Documents
printed)
Debit Credit

VAT Business VAT


Date Receipts Sundries Clients Date Payments Sundries
Output Bank Input
1 L. Leeds 24,000 24,000 1 Rent Paid 765 115
Rent
3 Received 574 86 660 1 Petty Cash 200
23 Y. York 1,100 1,100 5 Y. York
6 Member Fees 478 72
12 P. Plymoth
28 Insurance 1,148 172
Water &
30 Electricity 670 100
Telephone 985 148
Petty Cash 152
31 Balance c/d
574 86 25,100 25,760 4398 607
Balance
b/d 20,301
redit

Business
Clients
Bank
880

200
44 44
550
410 410
1,320

770
1,133
152
20,301
454 25760

Date
Description Amount
Favourable balance per bank
statement 121,040
Outstanding EFTs -7750
E278 -2750
E267 -5000
Outstanding deposit 80000
Bank Error 10000
Favourable balance as per cash book 203290
Fidelity Fund
Debit Credit
Date Receipts Bank Date

30-Sep Balance c/d 32,250 1-Sep

32,250
Credit
Payments Bank
Sec 86(3) Trust
Investment: ABC
Bank (T) 32,250

32,250

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