BALANCE SHEET

Office Equipment

These are physical assets used in the office, such as desks, chairs, computers, and printers.

Computer Equipment

Specific assets related to computers, like laptops, desktop computers, and servers.

Furniture & Fittings

This category includes furniture items like cabinets, shelves, and other fixtures used in the business premises.

Telecommunication Equipment

Assets used for communication, such as phones, fax machines, and routers.

Machinery

This includes any large equipment or machines used in the business for manufacturing or other purposes.

Bank -1

These represent the amounts of money the business has in different bank accounts (Bank - 1, Bank - 2) and the cash it holds.

Bank -2

These represent the amounts of money the business has in different bank accounts (Bank - 1, Bank - 2) and the cash it holds.

Cash

These represent the amounts of money the business has in different bank accounts (Bank - 1, Bank - 2) and the cash it holds.

Trade Debtor

This is the money owed to the business by its customers for goods or services provided on credit.

Staff Loan

If the business provides loans to its employees, this represents the amount owed by the employees.

Deposit Paid

Money paid in advance by the business to secure goods, services, or rental agreements.

Trade Creditor

This is the money the business owes to its suppliers for goods or services received on credit.

Loan From Other

Money borrowed from sources other than banks, such as individuals or other companies.

Customer Deposit

Money received in advance from customers for goods or services to be provided in the future.

Bank Loan

This is the amount of money the business has borrowed from a bank.

Hire Purchase Creditor

If the business purchased assets through hire purchase, this represents the amount owed to the hire purchase company.

Owner's Capital

This is the initial money invested by the owner(s) to start the business. It represents the owner's ownership stake.

Drawings

This represents the money taken out by the owner(s) from the business for personal use.

Retained Earning

This is the portion of the profit earned by the business that is retained or kept within the company instead of being distributed to the owners as dividends.