Assignment - ACC00151 Financial Accounting Report on the ratio analysis for your MYOB fictional business (worth 5%)
atgkd153
StandardBalanceSheet.pdf
Hi-Fi Way (Tharika Wijerathna) 241 Moras Avenue
Brisbane, QLD, 4000 Australia
Balance Sheet
As of June 2018 2018-05-22 4:48:12 PM
Assets Current Assets
Cash On Hand $82,672.00 Accounts Receivable $95,523.00 Less Prov'n for Doubtful Debts ($2,462.00) Inventory $105,560.00 Ofice Supplies $1,118.00 Prepaid Rent $5,833.00
Total Current Assets $288,244.00 Non-current Assets
Property & Equipment $23,463.00 Total Non-current Assets $23,463.00
Total Assets $311,707.00
Liabilities Current Liabilities
Accounts Payable $56,503.00 GST Liabilities $5,266.00 Payroll Liabilities $2,850.00 Interest Payable $130.00 Short Term Loans $13,000.00
Total Current Liabilities $77,749.00 Long-Term Liabilities
Bank Loans $47,000.00 Total Long-Term Liabilities $47,000.00
Total Liabilities $124,749.00
Net Assets
$186,958.00
Equity Share Capital $50,000.00 Retained Earnings $113,155.00 Current Year Earnings $23,803.00
Total Equity
$186,958.00
