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PROJECTED P& L Account and Balance Sheet

The projected balance sheet as of March 31, 2021 summarizes the financial position of Samantaray Enterprises. It shows total assets of Rs. 3,327,030 consisting of fixed assets such as furniture, computers, vehicles and current assets like debtors, closing stock and cash. Total liabilities include proprietor's capital of Rs. 1,114,530, secured loan of Rs. 2,000,000 and current liabilities of Rs. 212,500. The projected profit and loss statement forecasts gross profit of Rs. 1,065,280 for the year ending March 31, 2021. This is estimated by projecting sales, purchase costs and closing stock. Expenses include salary, rent and de

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134 views7 pages

PROJECTED P& L Account and Balance Sheet

The projected balance sheet as of March 31, 2021 summarizes the financial position of Samantaray Enterprises. It shows total assets of Rs. 3,327,030 consisting of fixed assets such as furniture, computers, vehicles and current assets like debtors, closing stock and cash. Total liabilities include proprietor's capital of Rs. 1,114,530, secured loan of Rs. 2,000,000 and current liabilities of Rs. 212,500. The projected profit and loss statement forecasts gross profit of Rs. 1,065,280 for the year ending March 31, 2021. This is estimated by projecting sales, purchase costs and closing stock. Expenses include salary, rent and de

Uploaded by

Simanchala Dora
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Gosaninuagaon Main road near Badriarj Narar, Berhampur

PROJECTED BALANCE SHEET AS AT 31ST MARCH,2021


Liabilities Amount (Rs.) Assets
Proprietor's Capital 1,114,530 Fixed Assets
Furniture & Fixtures
computer
Secured Loan: Motor Vehicle
Cash Credit Loan 2000000
Current Assets
Current Liabilities Sundry Debtors
Sundry Creditors 212500 Closing Stock
Cash & Bank Balance

TOTAL 3,327,030 TOTAL

Place: Berhampur
Date:
Amount (Rs.)

20655
10800
47685

1969500
680400
597990

3327030
PROJECTED BALANCE SHEET AS AT 31ST MARCH,2021
Particulars Amount (Rs.) Particulars
To Opening Stock 618600 By Sales

To Purchase 8978000

To Gross Profit 1065280 By Closing Stock


TOTAL 10661880 TOTAL

To Staff Salary 155000 By Gross Profit


To Travelling Expenses 19800
To Electricity Expenses 12600
To Shop Rent 66000
To Loading & Unloading 78000
To Interest on CC Loan 210800
To Telephone Expenses 12000
To Printing & Statinary Expenses 3800
To Freight Expenses 21500
To Misc. Expenses 7860
To Depriciation 17910

To Net Profit 460010


TOTAL 1065280 TOTAL

For Samantaray Enterprises


Place: Berhampur
Date:
M. Gouri Sankar Samantaray
(Proprietor)
Amount (Rs.)
9981480 ₹ 51,550
₹ -
₹ 748,167
₹ -
680400 ₹ 88,773
10661880 ₹ 888,490
₹ -
1065280 ₹ 12,917
₹ 1,650
₹ 1,050
₹ 5,500
₹ 6,500
₹ 17,567
₹ 1,000
₹ 317
₹ 1,792
₹ 655
₹ 1,493
₹ -
₹ 38,334
1065280 ₹ 88,773

amantaray Enterprises

ouri Sankar Samantaray


(Proprietor)
PROJECTED BALANCE SHEET AS AT 31ST MARCH,2021
Note-1
Amount (Rs.)
Proprietor's Capital A/C
Opening Balance 796480
Add: Capital Introduced 0
Add: Profit 460010
Sub- Total 1256490
Less: Drawing 141960
TOTAL 1114530

Capital Introduced
Stock 344350 stock, stock, car in, car local
Furniture & 25000
Computer 30000
House Adv 10000
Motor Vehi 70000
Total 479350
PROJECTED BALANCE SHEET AS AT 31ST MARCH,2021
Addition Addition
opening Balance Gross Rate of Amount of
Particulars Before After
as on 01.04.2019 Value Dep. Depreciation
30.09.2019 30.09.2019
TANGIBLE ASSETS
Furniture & Fixture 22950 0 22950 10% 2295
Computer 18000 0 18000 40% 7200
Motor Vehicle 56100 0 56100 15% 8415

TOTAL 97050 0 0 97050 0.65 17910


WDV as on
31.03.2020

20655
10800
47685

79140

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