DEALER WHOLESELLER RETAILER

CALCULATION OF VAT

COST PRICE 5000 10000 15000

VAT INPUT @ 4% 200 400 600
AMOUNT PAID 5200 10400 15600
SELLING PRICE 10000 15000 25000
VAT OUTPUT @ 4% 400 600 1000
AMOUNT CHARGED 10400 15600 26000
NET VAT PAYABLE 200 200 400 1000

DEALER WHOLESELLER RETAILER

CALCULATION OF VAT

COST PRICE 120 128

VAT INPUT @ 10% 12 12.8
AMOUNT PAID 132 140.8
SELLING PRICE 120 128 152
VAT OUTPUT @ 10% 12 12.8 15.2
AMOUNT CHARGED 132 140.8 167.2
NET VAT PAYABLE 12 0.8 2.4 15.2

DEALER WHOLESELLER RETAILER 12.50%

CALCULATION OF VAT

COST PRICE 31600 32600

VAT INPUT 3950 4075
AMOUNT PAID 35550 36675
SELLING PRICE 31600 32600 42600
VAT OUTPUT 3950 4075 5325
AMOUNT CHARGED 35550 36675 47925
NET VAT PAYABLE 3950 125 1250 5325
 DEALER WHOLESELLER RETAILER

CALCULATION OF VAT

COST PRICE 3750 4250

VAT INPUT @ 8% 300 340
AMOUNT PAID 4050 4590
SELLING PRICE 3750 4250 5000
VAT OUTPUT @ 8% 300 340 400
AMOUNT CHARGED 4050 4590 5400
NET VAT PAYABLE 300 40 60 400
STATEMENT OF THE COST
CONSUMPTION OF RAW MATERIAL:
Opening stock of raw material 116980
Add:Purchase of raw material 1017260
Add:Carriage Inward onPurchase of raw material 5000
less: Closing stock of raw materials 139810
Raw material consumed 999430

Add:Productive wages/ labour 912840

Add:Any other direct chargable expenses
PRIME COST

FACTORY OVERHEADS:
Rent of factory 60000
Electricity
Supervisory wages
Depreciation of factioy building
Depreciation of plant and machinery 105000
Technical Audit fees
Stores consumables
factory expenses 217760

Add: Opening WIP 154210

Less: Closing WIP 171890

WORKS COST

OFFICE AND ADMINISTRATIVE OVERHEADS:

Rent of ofice 35000
Electricity
telephone charges
Depreciation of office furniture
Depreciation of office building
Audit Fees
Salaries

COST OF GOODS MANUFACTURED(COGM)

Add: Opening Stock of finished goods 182790

Less: Closing Stock of finished goods 181190
COST OF GOODS SOLD(COGS)

SELLING AND DISTRIBUTION OVERHEADS:

Carriage outward
salesman salary
Motor Expenses
Show room Expenses
Bad debts
transport cost 20000

COST OF SALES
PROFIT ( balancing figure)

SALES
1912270

382760

-17680

2277350

35000

2312350

1600
2313950

20000

2333950
680660

3014610
S.No CHAPTER NAME PAGE No

1 INVERSE TRIGONOMETRIC FUNCTION 1 TO 10

2 BILLS OF EXCHANGE (DISCOUNT) 11 TO 20
3 ANNUITY 21 TO 30
4 APPLICATION OF DERIVATIVES IN ECONOMICS 31 TO 42
5 MAXIMA ------ MINIMA 43 TO 54
6 RATE MEASURE 55 TO 58
7 BOOLEAN ALGEBRA 59 TO 70
8 CONICS : PARABOLA 71 TO 78
9 ELLIPSE 79 TO 88
10 HYPERBOLA 89 TO 98
11 INDEX NO 99 TO 108
12 MOVING AVERAGE 109 TO 114
13 MATRICES 115 TO 126
14 DETERMINANTS 127 TO 140
15 CORRELATION 141 TO 152
16 REGRESSION 153 TO 160
17 LINEAR PROGRAMMING 161 TO 165
SECTION

A
A
C
C
C
A
A
A
A
A
A
C
C
A
A
A
A
C
 MANUFACTURING, TRADING AND PROFIT AND LOSS ACCOUNT for the year ended……..

TO,CONSUMPTION OF RAW MATERIAL: By Fac COFG 2277350

Opening stock of raw material 116980
Add:Purchase of raw material 1017260
Add:Carriage Inward onPurchase of raw material 5000
less: Closing stock of raw materials 139810
Raw material consumed 999430

Add:Productive wages/ labour 912840

Add:Any other direct chargable expenses

Add: Opening WIP at prime cost

Less: Closing WIP at prime cost 0

PRIME COST 1912270

TO,FACTORY OVERHEADS:
Rent of factory 60000
Electricity
Supervisory wages
Depreciation of factioy building
Depreciation of plant and machinery 105000
Technical Audit fees
Stores consumables
factory expenses 217760

382760
FACTORY COST 2295030

Add: Opening WIP 154210

Less: Closing WIP 171890 -17680

WORKS COST 2277350 2277350

To, Opening Stock of finished goods 2000 By, Sales 2500000

To, Factory cost of Finished goods 2277350 less: sales return 1000 2499000
To, Purchases 100
To, Gross Profit c/d 220150 By, Closing stock of Finished goods 600

2499600 2499600

TO,OFFICE AND ADMINISTRATIVE OVERHEADS: By, Gross Profit b/d 220150

Rent of ofice 35000 By, Commission received
Electricity 2530 By, Dividend received
Telephone charges 263 By, Interest received
Depreciation of office furniture
Depreciation of office building
Audit Fees
Salaries

37793

TO,SELLING AND DISTRIBUTION OVERHEADS:

Carriage outward
salesman salary
Motor Expenses
Show room Expenses 5000
Bad debts 254
Transport cost 20000

25254

TO, FINANCIAL EXPENSES

Interest paid 500
Loss due to fire 200
Dividend paid
Commission paid 700
TO, NET PROFIT 156403
(transferred to capital account)

220150 220150
LIABILITIES ASSETS
Capital FIXED ASSETS
Add: Net Profit Goodwill 0
Add: Further capital introduced Land and Building
Less: Drawings 0 less: Depreciation 0
Patents
RESERVES AND SURPLUS: Plant and machinery
General Reserves less: Depreciation 0
Spesific Reserves Furniture and Fixtures
less: Depreciation 0
0 Trademarks 0
Office Equipments
SECURED LOANS: less: Depreciation 0
Loans from Bank and Financial Insitution
Loan against mortgage
INVESTMENTS
0 Investment in shares
Fix Deposits
UNSECURED LOANS Security Deposits bearing interest.
Loan from friends and relatives.
Loan without mortgage
CURREENT ASSETS LOANS AND ADVANCES
0 CURREENT ASSETS:
Closing stock of Finished goods
CURRENT LIABILITIES AND PROVISION Sundry Debtors
CURRENT LIABILITIES Cash in Hand
Sundry creditors Cash at Bank
Bank overdraft
Outstanding Expenses
Bills payable
Manager's commission outstanding
Prerecieved income LOANS AND ADVANCES
Loan to friends and relatives
0 Bills Receivable
Prepaid expenses
PROVISIONS Accrued Income
Provision for bad and doubtful debt
Provision for Depreciation
MISCELLENOUS EXPENDITURES
Advertisement Suspese not written off
Preliminary Expenses
Discount on issue of Shares and Debentures
0

CONTINGENT LIABILITIES

0 0