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    Awadh City Tennis Club

    Uploaded by

    Kanishka Kartikeya

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Awadh City Tennis Club

    Uploaded by

    Kanishka Kartikeya
    263 views4 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    263 views4 pages

    Awadh City Tennis Club

    Uploaded by

    Kanishka Kartikeya

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 4

    Income statement for Awadh City Tennis Club (01Apr'12 to 31Mar'13)

    Revenue: Expenses:
    Pro-Shop Revenue: 53,700 Rent of Pro-Shop & Restaurant:
    Instruction Fees: 45,600
    Account Receivable 15,000
    606 sets @100 60,600 Depreciation
    Match Fees: 22,650 New Fixtures 8400 + 4200
    Account Receivable 600 Old Fixtures 11000
    155 matches @150 23,250 Glassware 4000
    Soft Drink Sales: 64,550
    Unearned Revenue -650 Pro-Shop Goods for Resale:
    63,900
    Other Revenue: 3,400

    Soft Drinks for Resale:

    Salary & Wages

    Total Revenue: 204,850 Total Expenses:


    Net Income before Tax: 35,769
    Income Tax Expense (30%): 10,731
    Net Income: 25,038
    2 to 31Mar'13)

    19,500
    Advance Rent -1,500
    18,000

    (8 Years for 1month) 131


    (5 Years for 1Year) 2,200
    (2 Years for 1Year) 2,000
    4,331
    Purchase 26,650
    Purchase 2,000
    Opening Inventory 16,340
    Closing Inventory -17,880
    27,110
    Purchase 14,400
    Opening Inventory 13,660
    Closing Inventory -11,920
    16,140
    Wait Staff 27,500
    Shop Assistant Wages: 24,000
    Mr Arora Salary 52,000
    103,500
    169,081
    Balance Sheet as on 1Apr'12 Balance Sheet as on 1A
    Liabilities and Equity Assets Liabilities and Equity
    Common Shares 100,000 Cash 55,000 Common Shares
    Pro-Shop Inventory 13,660 Unearned Revenue
    Soft Drink Inventory 16,340 Retained Earnings
    Fixtures 11,000 Tax Payable
    Glassware 4,000 Pro Shop Payable
    Fixtures Payable
    Total Liabilities and Equity 100,000 Total Assets 100,000

    Total Liabilities and Equity


    Balance Sheet as on 1Apr'13
    es and Equity Assets
    100,000 Cash 72,450
    650 Pro-Shop Inventory 17,880
    25,038 Soft Drink Inventory 11,920
    10,731 Fixtures with Depriciation 21,269
    2,000 Glassware with Depriciation 2,000
    4,200 Match Fee Receivable 600
    Instruction Fee Receivable 15,000
    Advance Rent 1,500
    142,619 Total Assets 142,619

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