Paromita Das

(Proprietor of P. S. Graphics)
14, Garanhata Street, Kolkata - 700 006
Balance Sheet as at 31st March 2020 (Estimated)
Liabilities Rs. Rs. Assets Rs. Rs.

Capital Account Fixed Assets

Introduced during the year 50,000.00 Furniture & Fixtures 32,560.00
Add : Net Profit transferred from Machinery 342,205.00 374,765.00
Profit & Loss Account 655,966.00
705,966.00
Less : Drawings 144,000.00 Current Assets, Loans and Advances
561,966.00 A. Current Assets
Less : Life Insurance Premium 18,520.00 543,446.00 Closing Stocks 1,465,000.00
Sundry Debtors 866,394.00
Secured Loan
Term Loan(machinery) 820,000.00 Cash and Bank Balances
Cash Credit Facility 2,000,000 Cash in Hand 15,520.00
Current Liabilities Balance with Bank in
Sundry Creditors 105,584.00 Current Account 751,541.00 767,061.00
Liabilities for Expenses 4,190.00 109,774.00

3,473,220.00 3,473,220.00

Profit & Loss Account for the year 31st March 2020 (Estimated)
Particulars Rs. Particulars Rs.

To Purchases 4,360,558.00 By Sales 4,548,710.00

" Job Charges 272,540.00 " Closing Stock 1,465,000.00

" Gross Profit c/d 1,380,612.00

6,013,710.00 6,013,710.00

To Accounting Charges 10,000.00 By Gross Profit b/d 1,380,612.00

" Printing & Stationery 25,540.00
" Trade Licence 600.00 " Interest on SB A/c 235.00
" Profession Tax 1,200.00
" Salary & Bonus 162,500.00
" Telephone Charges 8,405.00
" Rent 28,800.00
" General Charges 10,550.00
" Conveyance Charges 32,578.00
" Electricity Charges 357,500.00
" Interest on Loan 80,208.00
" Value Added Tax 7,000.00

" Net Profit transferred to Capital A/c 655,966.00

1,380,847.00 1,380,847.00
 Paromita Das
(Proprietor of P. S. Graphics)
14, Garanhata Street, Kolkata - 700 006
Balance Sheet as at 31st March 2021 (Projected)
Liabilities Rs. Rs. Assets Rs. Rs.

Capital Account Fixed Assets

As per last Account 705,966.00 Furniture & Fixtures 32,560.00
Add : Net Profit transferred from Machinery 342,205.00 374,765.00
Profit & Loss Account 795,281.00
1,501,247.00 Current Assets, Loans and Advances
Less : Drawings 30,000.00 A. Current Assets
1,471,247.00 Closing Stocks 2,741,000.00
Less : Life Insurance Premium 18,520.00 1,452,727.00 Sundry Debtors 964,599.00

Secured Loan Cash and Bank Balances

Term Loan(machinery) 700,000.00 Cash in Hand 36,520.00
Cash Credit Facility 2000000 Balance with Bank in
Current Liabilities Current Account 136,780.00
Sundry Creditors 98,580.00 Balances with Bank in
Liabilities for Expenses 12,907.00 111,487.00 Savings Account 10,550.00 183,850.00

4,264,214.00 4,264,214.00

Profit & Loss Account for the year 31st March 2021 (Projected)
Particulars Rs. Particulars Rs.

To Opening Stock 1,465,000.00 By Sales 10,888,580.00

" Purchases 10,011,486.00 " Closing Stock 2,741,000.00
" Job Charges 185,225.00

" Gross Profit c/d 1,967,869.00

13,629,580.00 13,629,580.00

To Accounting Charges 15,000.00 By Gross Profit b/d 1,967,869.00

" Printing & Stationery 32,540.00
" Trade Licence 600.00 " Interest on SB A/c 1,650.00
" Profession Tax 1,200.00
" Salary & Bonus 274,300.00
" Telephone Charges 10,540.00
" Rent 28,800.00
" General Charges 18,658.00
" Conveyance Charges 36,450.00
" Electricity Charges 418,650.00
" Interest on Loan 325,500.00
" Value Added Tax 12,000.00

" Net Profit transferred to Capital A/c 795,281.00

1,969,519.00 1,969,519.00
 Paromita Das
(Proprietor of P. S. Graphics)
14, Garanhata Street, Kolkata - 700 006
Balance Sheet as at 31st March 2022 (Projected)
Liabilities Rs. Rs. Assets Rs. Rs.

Capital Account Fixed Assets

As per last Account 1,501,247.00 Furniture & Fixtures 32,560.00
Add : Net Profit transferred from Machinery 342,205.00 374,765.00
Profit & Loss Account 983,245.00
2,484,492.00 Current Assets, Loans and Advances
Less : Drawings 186,000.00 A. Current Assets
2,298,492.00 Closing Stocks 4,153,000.00
Less : Life Insurance Premium 25,650.00 2,272,842.00 Sundry Debtors 1,060,313.00

Secured Loan Cash and Bank Balances

Term Loan(machinery) 580,000.00 Cash in Hand 58,550.00
Cash Credit Facility 2000000 Balance with Bank in
Current Liabilities Current Account 46,850.00
Sundry Creditors 833,601.00 Balances with Bank in
Liabilities for Expenses 32,585.00 866,186.00 Savings Account 25,550.00 130,950.00

5,719,028.00 5,719,028.00

Profit & Loss Account for the year 31st March 2022 (Projected)
Particulars Rs. Particulars Rs.

To Opening Stock 2,741,000.00 By Sales 11,170,980.00

" Purchases 10,226,252.00 " Closing Stock 4,153,000.00
Job Charges 85,445.00

" Gross Profit c/d 2,271,283.00

15,323,980.00 15,323,980.00

To Accounting Charges 15,000.00 By Gross Profit b/d 2,271,283.00

" Printing & Stationery 32,540.00
" Trade Licence 600.00 " Interest on SB A/c 3,250.00
" Profession Tax 1,200.00
" Salary & Bonus 274,300.00
" Telephone Charges 10,540.00
" Rent 28,800.00
" General Charges 8,658.00
" Conveyance Charges 36,450.00
" Electricity Charges 438,650.00
" Interest on Loan 432,550.00
" Value Added Tax 12,000.00

" Net Profit transferred to Capital A/c 983,245.00

2,274,533.00 2,274,533.00