| DR | CR |
|---|---|
| Retained earnings (-) | Accruals (+) |
Balance Sheet Original
| ASSETS | |
| Current Assets | 767850 |
| Bank | 758550 |
| Debtors and Prepayments | 9300 |
| Other Current Assets (Stock) | 0 |
| Fixed Assets | 44000 |
| TOTAL Assets | 811850 |
| LIABILITIES | |
| Current Liabilities | 44300 |
| Creditors | 44000 |
| Accruals | 300 |
| Long Term Liabilities | 0 |
| Long Term Loan | 0 |
| Ending Equity | 767550 |
| Shareholders' Equity | 800000 |
| Income Statement | -32450 |
| TOTAL Liabilities + Equity + Retained Earnings | 811850 |
| A. Income | |
| Sale of Licences | 0 |
| Software Maintenance after Warranty, Recurrent Licencing Fees, Ongoing Technical Support | 0 |
| Unearned income | 0 |
| Currency Gains | 0 |
| Cost of Goods Sold (Purchase of Licences for Resale) | 0 |
| TOTAL INCOME: | 0 |
| B. Expenses | |
| Software Upgrading | 10000 |
| Web Site Development | 2500 |
| Web Maintenance | 4000 |
| Technical Support | 0 |
| Marketing | 0 |
| Staff Salaries | 8000 |
| Consultancy and Accountancy | 0 |
| Office Costs | 3600 |
| General Costs | 4350 |
| Inventory Expense | 0 |
| Interest on loan | 0 |
| Currency Losses | 0 |
| TOTAL EXPENDITURE: | 32450 |
| Profit (Loss) from Operations | |
| Corporate Tax | 0 |
| Dividends Paid | 0 |
| Net Profit (Loss): | -32450 |
Balance Sheet New
| ASSETS | |
| Current Assets | |
| Bank | |
| Debtors and Prepayments | |
| Other Current Assets (Stock) | |
| Fixed Assets | |
| TOTAL Assets | |
| LIABILITIES | |
| Current Liabilities | |
| Creditors | |
| Accruals | |
| Long Term Liabilities | |
| Long Term Loan | |
| Ending Equity | |
| Shareholders' Equity | |
| Income Statement | |
| TOTAL Liabilities + Equity + Retained Earnings | |
| A. Income | |
| Sale of Licences | |
| Software Maintenance after Warranty, Recurrent Licencing Fees, Ongoing Technical Support | |
| Unearned income | |
| Currency Gains | |
| Cost of Goods Sold (Purchase of Licences for Resale) | |
| TOTAL INCOME: | |
| B. Expenses | |
| Software Upgrading | |
| Web Site Development | |
| Web Maintenance | |
| Technical Support | |
| Marketing | |
| Staff Salaries | |
| Consultancy and Accountancy | |
| Office Costs | |
| General Costs | |
| Inventory Expense | |
| Interest on loan | |
| Currency Losses | |
| TOTAL EXPENDITURE: | |
| Profit (Loss) from Operations | |
| Corporate Tax | |
| Dividends Paid | |
| Net Profit (Loss): |