Dr. (₹) |
Cr. (₹) |
|
Capital | 1,28,200 | |
Household Expenses | 10,000 | |
Sales | 1,80,000 | |
Return inwards | 4,000 | |
Return outwards | 6,000 | |
Purchases | 1,50,000 | |
Cash at Shop | 1,600 | |
Bank Overdraft | 15,000 | |
Interest on Overdraft | 1,500 | |
Creditors | 17,800 | |
Stock at the Commencement | 18,000 | |
Freight | 8,500 | |
Rent and Taxes | 7,000 | |
Debtors | 32,600 | |
Commission | 3,000 | 2,200 |
Freehold property | 30,000 | |
Sundry expenses | 3,900 | |
Salaries and wages | 20,000 | |
Life Insurance Premium | 1,800 | |
Insurance Premium | 1,600 | |
Motor Vehicle | 39,800 | |
Typewriter | 8,000 | |
Interest | 800 | |
Carriage inwards | 2,000 | |
Carriage outwards | 800 | |
Power | 2,200 | |
Audit Fee | 1,700 | |
Lighting | 2,000 | |
3,50,000 | 3,50,000 | |
Financial Statements of Sh. Badri Vishal | |||||||
Trading Account for the year ended March 31, 2017 |
|||||||
Dr. | Cr. | ||||||
Particulars | Amount (Rs) | Particulars | Amount (Rs) | ||||
Opening Stock | 18,000 | Sales | 1,80,000 | ||||
Purchases | 1,50,000 |
Less: Return Inwards
|
4,000 | 1,76,000 | |||
Less: Return Outwards
|
6,000 | 1,44,000 | Closing Stock | 15,000 | |||
Freight | 8,500 | ||||||
Carriage Inwards | 2,000 | ||||||
Power | 2,200 | ||||||
Gross Profit (Balancing Figure) | 16,300 | ||||||
1,91,000 | 1,91,000 | ||||||
Profit and Loss Account
for the year ended March 31, 2017
|
|||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) | ||
Interest on Overdraft | 1,500 | Gross Profit | 16,300 | ||
Rent & Taxes | 7,000 | Commission Received | 2,200 | ||
Commission | 3,000 | Interest Received | 800 | ||
Sundry Expenses | 3,900 | Net Loss (Balancing Figure) | 22,200 | ||
Salaries & Wages | 20,000 | ||||
Insurance Premium | 1,600 | ||||
Carriage Outwards | 800 | ||||
Audit Fees | 1,700 | ||||
Lighting | 2,000 | ||||
41,500 | 41,500 | ||||
Balance Sheet as on March 31, 2017 |
||||
Liabilities | Amount (Rs) | Assets | Amount (Rs) | |
Capital | 1,28,200 | Fixed Assets | ||
Less: Net Loss
|
22,200 | Freehold Property | 30,000 | |
Less: Drawings*
|
11,800 | 94,200 | Motor Vehicle | 39,800 |
Typewriter | 8,000 | |||
Current Liabilities | Current Assets | |||
Creditors | 17,800 | Closing Stock | 15,000 | |
Bank Overdraft | 15,000 | Debtors | 32,600 | |
Cash in hand | 1,600 | |||
1,27,000 | 1,27,000 | |||