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Trading &ProfitAnd Loss

ss a\c of Ram
2000 2001 2002 2000
To Opening Stock 70000 109000 151630 By Sales 1200000
To Purchases 933000 1232630 By Closing Stock 109000
To Carrige Inward 12000 15000
To Factory Expenses 30000 36000
To Gross Profitc\d 264000 359000

1309000 1751630 1309000


To Salaries 52000 84000 By Gross Profitb\d 264000
To General Expenses 6000 12000
To Travelling Expenses 5000 8000
To Telephone Exp. 15000 24000
To Insurance 6000 9000
To Electricity 8400 14800
To Water Exp 2000 3600
To Staff welfare 16750 20800
To Printimg & stationery 4000 5000
To car repair & Maintenance 13850 21500
To bank charges 1500 1800
To Commission 24000 32000
To depriciation 43000 29200
To advertisement 8700
To computerRepair
er repair 500 600
To Net Profit c\d 66000 84000

264000 359000
2001 2002
1600000
151630

1751630
359000
Balance Sheet of Ram

LIabilities 2000 2001 2002 Assets 2000

Capital 310100 376100 460100 Car 80000


Profit 66000 84000 Computer 8000
Loan 25000 Machinery 30000
Creditors 25000 35000 Land 100000
Outstanding Expenses Furniture 9000
Salary 4000 7000 Stock 109000
Water 200 300 Debtors 35000
Electicity 700 1200 Bank 32000
Telephone 1250 2000 Cash 4250

407250 530600 407250

NOTES :
1.There are three employees their salary were:
Ram 5000 p.m.
mohan 5500
5500p.m.
p.m.
sonu 4800
4800p.m.
p.m.
One month salary outstading at the end of the year.
2. Every employe is entitiled to bonus of one month salary , paid in the month of october.
3. General exp. Are 800 to 1000 per manth
4.Marketing executives are entitled to 2% commission on sale .
5.telephone exp. Are 3000 to 3500 per month Expenses are paid next of the month.
6. Electricity exp. Were 15000 for the year Expenses are paid next of the month.
7. Water exp. Were 200 per month Expenses are paid next of the month.
8. Company has expended huge exp. Amopunt on advertisement to boost sales Rs 12500.
9. Staff welfare exp. Were 2200 per month
10.depreciation is to be charged on the same basis of previous year
11.company has purchased a new machinery for Rs. 200000 in july
12.printing & stationery Exp. Rs. 800 P.M.
13. Car repair & maintenance Rs. 2500 p.m.
14.Insurance on asset is taken for Rs. 10000 in the month of july
15. Travelling & conveyance Exp. Rs.550 per month
16. Bank charges Rs. 1200
17. Interest on loan @ 12% will be paid
18. Sales and purchase are made uniformaly through out the year for cash ,so closing debtors and creditors are same
19. Same gross profit ratio and net profit ratio is to be maintained
2001 2002

64000
3200
22500
114170
8100
151630
62000
65000
40000

530600

creditors are same