Current Assets Year 0 Year 1 Year 2 Year 3

A Cash
B Accounts Receivables
C Inventories
D Pre Paid Expenditures
E Total Current Assets 0 0 0 0
Fixed Assets Year 0 Year 1 Year 2 Year 3
F Land
G
Building/
Infrastructure
H Machinery & Equipment
I Furniture & Fixtures
J Office Vehicles
K Office Equipment
L Total Fixed Assets 0 0 0 0
Total Assets 0 0 0 0
Current Liabilities Year 0 Year 1 Year 2 Year 3
M Accounts Payable
N Short Term Debt
O Other Liabilities
P Total Current Liabilities 0 0 0 0
Long Term Liabilities Year 0 Year 1 Year 2 Year 3
Q Long Term Loan
R
Total Long Term
Liabilities
0 0 0 0
Equity Year 0 Year 1 Year 2 Year 3
(A+B+C+D)
Assets having a life of more than one year and
acquired for permanent use in the business.
(F+G+H+I+J +K)
Cost of office equipment (printers, computers, fax,
telephone etc) minus accumulated depreciation.
(E+L)
Liabilities which are payable with in a period of one
year.
The amount payable to the creditors of the business
for example the suppliers of raw material.
Outstanding amount of the amount representing short
term debt acquired for working capital.
Other trade liabilities, if any.
Liabilities which are payable after a period of one year
or more.
Outstanding balance of the amount acquired from the
bank as a long term loan, lease facilities, etc.
Liabilities
(M+N+O)
(Q)
The investment of the owners / partners /
shareholders.
Assets of the business having a life of less than a
year.
Cash available with the business, at office or in the
bank account.
Cost of furniture and fixture (electricity fittings etc)
minus accumulated depreciation.
Cost of office vehicles (if any) minus accumulated
depreciation.
Assets
Balance Sheet (Amount in Rs.)
Amount to be received on account of credit sales.
Stock of raw material, work in process, finished
goods, store and spares.
Expenses paid in advance, egg, advance building
rent, insurance premium, lease payment etc.
Cost of the land used for office or factory (no
depreciation).
Cost of the building and infrastructure used for office
or factory minus accumulated depreciation.
Cost of machinery and equipment minus
accumulated depreciation.
S Capital
T Retained earnings
U Total Equity 0 0 0 0
Total Liabilities and
Equity
0 0 0 0
0 0 0 0
(S+T)
Total of Assets and Liabilities should be equal.
Contribution of owners towards the business
commonly referred as owners' equity.
Amount retained from the annual revenue.
(P+R+U)
Year 4 Year 5
0 0
Year 4 Year 5
0 0
0 0
Year 4 Year 5
0 0
Year 4 Year 5
0 0
Year 4 Year 5
Liabilities
Assets
Balance Sheet (Amount in Rs.)
0 0
0 0
0 0