TALENT HOUSE

Summary

This one-page financial statement for Talent House reports income and expenditure for the period ended December 31, 1985. It records no income and total expenditure of 26,461, producing a net deficit of 26,461. The largest listed expenses are car expenses (5,666), office rent (5,750), salaries (6,530), and printing and stationery (3,916).

Key points

• The statement covers Talent House’s accounts for the period ended December 31, 1985.
• Reported income is nil.
• Total expenditure is 26,461, resulting in a net deficit of 26,461.
• The listed expenditure categories include books and periodicals, conveyance, printing and stationery, postage and telegrams, car expenses, salaries, membership/subscription, staff welfare, office expenses, office rent, and furniture hire.
• The statement of financial position records sources of 56,830: deposits from clients of 31,850 and an amount attributed to S. V. Raju of 24,980.
• Applications of funds are shown as bank balances of 30,220, cash balances of 149, and the income and expenditure account balance of 26,461.
• The document is dated Bombay, October 14, 1986, and is signed by S. V. Raju.