Accounting

Income

• Sales — Products₹4,86,000
• Sales — Services₹1,29,960
• Total income₹6,15,960

Expenses

• Cost of goods sold₹2,14,000
• Salaries & wages₹1,68,000
• Rent₹66,000
• Marketing₹41,000
• Utilities & misc.₹28,400
• Total expenses₹5,17,400

Assets

• Cash & bank₹2,84,300
• Accounts receivable₹73,160
• Inventory₹96,000
• Equipment (net)₹2,10,000
• Total assets₹6,63,460

Liabilities

• Accounts payable₹40,500
• GST payable₹38,240
• Short-term loan₹1,20,000
• Total liabilities₹1,98,740

Equity

• Share capital₹1,00,000
• Retained earnings₹3,64,720
• Total equity₹4,64,720