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    Global & Creative Consultancy7475

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    Mallik DC
    1) Global Engineering Associates and Creative Engineering Consultancy JV reported a net loss of NPR 6,242.25 for the fiscal year 2074/2075 compared to a net loss of NPR 1,242.25 in the previous fiscal year. 2) Total current assets were NPR 48,757.75 consisting mainly of cash and bank balances of NPR 36,512.75. Total current liabilities were NPR 5,000. 3) The company did not generate any revenue during the fiscal year and incurred NPR 5,000 in administrative expenses primarily consisting of audit fees.

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    Global & Creative Consultancy7475

    Uploaded by

    Mallik DC
    11 views7 pages
    1) Global Engineering Associates and Creative Engineering Consultancy JV reported a net loss of NPR 6,242.25 for the fiscal year 2074/2075 compared to a net loss of NPR 1,242.25 in the previous fiscal year. 2) Total current assets were NPR 48,757.75 consisting mainly of cash and bank balances of NPR 36,512.75. Total current liabilities were NPR 5,000. 3) The company did not generate any revenue during the fiscal year and incurred NPR 5,000 in administrative expenses primarily consisting of audit fees.

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    1) Global Engineering Associates and Creative Engineering Consultancy JV reported a net loss of NPR 6,242.25 for the fiscal year 2074/2075 compared to a net loss of NPR 1,242.25 in the previous fiscal year. 2) Total current assets were NPR 48,757.75 consisting mainly of cash and bank balances of NPR 36,512.75. Total current liabilities were NPR 5,000. 3) The company did not generate any revenue during the fiscal year and incurred NPR 5,000 in administrative expenses primarily consisting of audit fees.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    11 views7 pages

    Global & Creative Consultancy7475

    Uploaded by

    Mallik DC
    1) Global Engineering Associates and Creative Engineering Consultancy JV reported a net loss of NPR 6,242.25 for the fiscal year 2074/2075 compared to a net loss of NPR 1,242.25 in the previous fiscal year. 2) Total current assets were NPR 48,757.75 consisting mainly of cash and bank balances of NPR 36,512.75. Total current liabilities were NPR 5,000. 3) The company did not generate any revenue during the fiscal year and incurred NPR 5,000 in administrative expenses primarily consisting of audit fees.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 7

    Global Engineering Associates and Creative Engineering Consultancy JV

    Handigaun,Kathmandu, Nepal
    Balance sheet
    FY 2074/2075
    Fy: 2074 Shrawan 1st to End of Ashadh 2075

    Current Year Previous Year


    S.N. Particular Sch.
    074/075 073/074
    1 Source of Fund
    Capital Fund 50,000.00 50,000.00
    Secured Loan 0.00 0.00
    Unsecured Loan 0.00 0.00
    Reserve and Surplus (6,242.25) (1,242.25)
    Sub Total 43,757.75 48,757.75
    2 Application of Fund
    Fixed Assets(Net) 0.00 0.00
    Current Assets
    Sundry Debtor's 0.00 0.00
    Advance & Deposit 3 12,245.00 12,245.00
    Closing Stock 0.00 0.00
    Cash & Bank 36,512.75 41,512.75
    Sub Total 48,757.75 53,757.75
    3 Less : Current Liabilities
    TDS Payable 1 750.00 750.00
    Other Payable 2 4,250.00 4,250.00
    Sub Total 5,000.00 5,000.00
    Total Source of Fund (CA-CL) 43,757.75 48,757.75

    ––––––––––––––– ––––––––––––––– –––––––––––––––


    Accountant Chairman Auditor
    Global Engineering Associates and Creative Engineering Consultancy JV
    Handigaun,Kathmandu, Nepal
    Income Statement
    FY 2074/2075
    Fy: 2074 Shrawan 1st to End of Ashadh 2075

    S.N. Particular Sch. Current Year Previous Year


    074/075 073/074
    1 Income
    a.Sales 0.00 0.00
    b. Less: Cost of Goods Sold 0.00 0.00
    Sub Total 0.00 0.00
    2 Expenditure
    a. Administrative Exp. 5,000.00 5,000.00
    b. Depreciation 0.00 0.00
    c.Bank Interest 0.00 0.00
    d.Repair and Maintenance 0.00 0.00
    Sub Total 5,000.00 5,000.00
    3 Net Profit/ Loss A/c
    a. Net Profit /Loss before Tax (5,000.00) (5,000.00)
    Less. Income Tax Provision 0.00 0.00
    c. Net Profit/Loss after Tax (5,000.00) (5,000.00)
    d. Net Profit/Loss Previous Year (1,242.25) 3,757.75
    Sub Total (6,242.25) (1,242.25)
    Net Profit/ Loss To BS (6,242.25) (1,242.25)

    ––––––––––––––– ––––––––––––––– –––––––––––––––


    Accountant Chairman Auditor
    Global Engineering Associates and Creative Engineering Consultancy JV
    Handigaun,Kathmandu, Nepal
    Income Statement
    FY 2074/2075
    Fy: 2074 Shrawan 1st to End of Ashadh 2075

    –––––––
    Global Engineering Associates and Creative Engineering Consultancy JV
    Handigaun,Kathmandu, Nepal
    Schedule related to Balance Sheet
    FY 2074/2075
    Fy: 2074 Shrawan 1st to End of Ashadh 2075

    TDS Payable Schedule:1

    S.N. Particular Current Year Previous Year


    1 TDS Payable on Audit Fee 750 750
    2 TDS Payable on House Rent ` 0 0
    3 TDS Salary 0 0
    Total 750 750

    Trade and Other Payable Schedule:2


    S.N. Particular Current Year Previous Year
    1 Audit Fee 4250 4250
    2 Income Tax Provision 0 0
    Total 4250 4250

    Advance & Deposit Schedule:3


    S.N. Particular Current Year Previous Year
    1 Prepaid Tax 12245 12245
    Total 12245 12245

    ––––––––––––––– ––––––––––––––– –––––––––––––––


    Accountant Chairman Auditor
    Global Engineering Associates and Creative Engineering Consultancy JV
    Handigaun,Kathmandu, Nepal
    Schedule related to Balance Sheet
    FY 2074/2075
    Fy: 2074 Shrawan 1st to End of Ashadh 2075

    –––––––––
    Global Engineering Associates and Creative Engineering Consultancy JV
    Handigaun,Kathmandu, Nepal
    Cashflow Statement
    FY 2074/2075
    Fy: 2074 Shrawan 1st to End of Ashadh 2075

    S.N. Particular Amount Amount


    Opening Cash & Bank Balance 41512.75
    1 Cash In Flow
    a. Change in Share Capital 0.00
    b. Change in Reserve and Surplus (5000.00)
    C. Change in Secured Loan 0.00
    d. Change in Current Liabilities 0.00
    e. Change in Unsecured Loan 0.00

    Sub Total (5000.00) 36512.75


    2 Cash out Flow
    a.Change in Fixed Assets 0.00
    b.Change in Advance and Deposit 0.00
    c. Change in Sundry Debtors 0.00
    c.Change in Closing Stock 0.00
    Sub Total 0.00
    Closing Cash & Bank 36512.75

    ––––––––––––––– ––––––––––––––– –––––––––––––––

    Accountant Chairman Auditor


    Global Engineering Associates and Creative Engineering Consultancy JV
    Handigaun,Kathmandu, Nepal
    Administrative Expenses
    FY 2074/2075
    Fy: 2074 Shrawan 1st to End of Ashadh 2075

    Particular Current Year Previous Year

    Salary & Allowances 0 0


    House Rent 0 0
    Tours & Travelling 0 0
    Stationary 0 0
    Telephone 0 0
    Insurance 0 0
    Printing 0 0
    Misc.Expenses 0 0
    Audit Fee 5000 5000
    Total 5000 5000

    ––––––––––––––– ––––––––––––––– –––––––––––––––


    Accountant Chairman Auditor

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