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Particulars Amount Rs. Particulars Amout RS.: To Purchases 48,00,000 1,35,000 by Sales Closing Stock 73,12,500

This document summarizes the financial statements of M/S Pure Spices for the year ending March 31, 2015. It includes the trading and profit/loss accounts showing revenues from sales of Rs. 73.12 lakh and gross profit of Rs. 19.31 lakh. Expenses include wages, electricity, freight, and packaging. The balance sheet lists total assets of Rs. 52.18 lakh including fixed assets like land, buildings, and machinery, and current assets like cash and closing stock. Liabilities include capital, retained earnings, loans, and creditors.

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39 views4 pages

Particulars Amount Rs. Particulars Amout RS.: To Purchases 48,00,000 1,35,000 by Sales Closing Stock 73,12,500

This document summarizes the financial statements of M/S Pure Spices for the year ending March 31, 2015. It includes the trading and profit/loss accounts showing revenues from sales of Rs. 73.12 lakh and gross profit of Rs. 19.31 lakh. Expenses include wages, electricity, freight, and packaging. The balance sheet lists total assets of Rs. 52.18 lakh including fixed assets like land, buildings, and machinery, and current assets like cash and closing stock. Liabilities include capital, retained earnings, loans, and creditors.

Uploaded by

MadhurGupta
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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M/S PURE SPICES

Manufacturing & Trading A/c for the year ended 31.03.2015


Dr.

Cr.

Particulars

Amount
Rs.

To Purchases
Raw Material

Particulars
By Sales

Amout
Rs.
73,12,500

48,00,000 Closing Stock

Packaging
Material

1,35,000

Freight Inwards

2,01,000

Raw Material

2,69,000

Packaging
Material
Finished Goods

To Wages
(Rs.6000pmX5)

3,60,000

To Electicity Expences

3,00,000

To Agmark fee

23,200

To Gross Profit

19,31,600
77,50,800

21,300
1,48,000

77,50,800

Profit & Loss A/c of M/S PURE SPICES


for the year ended 31.03.2014
Dr.

Cr.

Particulars
To Advertising
To Bank Interest
Cold Storage Exp.
(Rs. 25/bag p.m)

Amount
Rs.

Particulars

Amout
Rs.

90,000 By Gross Profit

19,31,600

1,20,000 Grinding Income


(Rs. 20/ Kg)
1,60,000

2,55,800

To Depreciation @ 15%
Building

2,10,000

Machinery

2,19,000

To Salary Exp.

3,96,000

To Transportation Exp.

1,30,000

To Printing & Stationary


To Packaging Exp.
To Insurance prem.
To Rent

15,000
1,00,000
32,000
3000

To income tax @30%

2,13,720

To Net Profit

4,97,680
23,24,800

21,87,400

WORKING NOTE
Projected Sales
Weight

Product

100

500

grms

grms

(25,000
Haldi

1 kg

(13,000 (5,900 *

* Rs.16) * Rs.65) Rs.130)

Mirch

5kg

(3,100 * Rs.38,87,0
Rs.605)

(30,000 * (7500*

(5600*

(9000*

Rs. 28)

Rs.260)

Rs.1300)

Rs.135)

Total Sales

00
Rs.34,25,5
00

Salary:
Sr. No.

Particulars

No.

Salary

Required

Yearly
Salary

1.

Supervisor

8,000

96,000

2.

Sales

9,000 2,16,000

6,000

Executive
5.

Driver

6.

Accountant

72,000
12,000

Balance Sheet as on 31st March, 2014

Liabilities

Amount
Rs.

Assets

Amout
Rs.

Capital A/c
Madhur Gupta
Madhav
Sharma
Sharad Gupta
Diva Samnotra
Sugandh Gupta
Adjusted Net Profit
Unsecured loan
Creditors

Fixed Assets
6,00,000 Land
Building
6,00,000 Less dep.

6,00,000
11,90,000
(2,10,000)

9,80,000

6,00,000 Machinery
12,41,000
Less Dep.
(2,19,000)
10,22,000
6,00,000
Weights & Scale
20,000
6,00,000 Laboratory
2,55,680
4,97,680 Furniture & Fittings
13,41,000
Current Assets
6,50,000
10,00,000
Cash
3,50,000
1,21,000 Closing Stock

52,18,680

52,18,680

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