IPER COLLEGE

MBA –FIRST SEMESTER

ACADEMIC YEAR 2019-20

SUBMITTED TO : SUBMITTED BY :

AJAY MISHRA SAURABH MANSORIA

SATYAM TIWARI
SHIKHA NAIR
SAIF ALI KHAN
(GROUP-9)
 MISSION STATEMENT - The business mission is

to offer stylish, great brand name clothing as well as

accessories at a great price.

 BUSINESS INFORMATION – The LIBA’S

boutique has started in 2016 at Bhopal with the capital of
8lakh’s raised by four partners SATYAM TIWARI,
SHIKHA NAIR, SAIF ALI KHAN and SAURABH
MANSORIA

 HIGHLIGHTS – Liba’s is one of the unique designed

boutique in Bhopal. This is the place to be if you are free to

splash the cash.

 OUR PRODUCT – Ethnic wear, bridal & groom wear,

silk, cotton fabric & accessories.

 VISION – Our vision is to provide customers worry free,

safe and secure shopping environment and to offer varieties
of option in clothing accessories for their fashion needs.
 TRANSACTIONS

1. Started Liba’s boutique with cash 8,00,000

2. Rent paid in advance for building 1,00,000
3. Purchased furniture for cash 20,000
4. Purchased machinery 30,000
5. Paid for license to municipal corporation 10,000
6. Purchase unstitched clothes 15,000
7. Purchased stitch clothes 40,000
8. Purchase embroidery 10,000
9. Purchase miscellaneous items 5,000
10. Sold unstitched clothes 6000
11.Sold stitch clothes 20,000
12. Paid for renovation 15,000
13. Lost stitch clothes due to fire 5,000
14. Paid for electricity bill 10,000
15. Paid for postage 2,000
16. Paid for carriage inward 500
17. Paid for carriage outward 500
18. Paid for advertisement 1,000
 19. Paid salary to workers 20,000
20. Drawings made 5,000

IN the books of Liba’s

general journal
for the year ending 31 March 2019
DATE PARTICULARS L.F AMOUNT AMOUNT
DR. CR.

04/04/18 Capital a/c Dr. 8,00,000

To cash a/c 8,00,000
(Being business commenced)

12/04/18 Rent a/c Dr. 1,00,000

To cash a/c 1,00,000
(Being rent paid)

01/05/18 Furniture a/c Dr. 20,000

To cash a/c 20,000
(Being furniture purchased)

31/05/18 Machinery a/c Dr. 30,000

To cash a/c 30,000
(Being machinery purchased)
15,000
06/0618 Unstitch clothes a/c Dr. 15,000
To cash a/c
(Being unstitch clothes purchased)

19/06/18 Stitch clothes a/c Dr. 40,000

To cash a/c 40,000
(Being stitch clothes purchased)

02/07/18 Municipal corporation a/c Dr. 10,000

To cash a/c 10,000
(Being payment made for License)
05/07/18 Embroidery a/c Dr. 10,000
To cash a/c 10,000
(Being embroider purchased)

10/07/18 Miscellaneous exp. a/c Dr. 50,000

To cash a/c 50,000
(Being payment made for misc. exp)

30/07/18 Cash a/c Dr. 6,000

To unstitch clothes a/c 6,000
(Being unstitch clothes sold)

09/08/08 Cash a/c Dr. 20,000

To stitch clothes a/c 20,000
(Being sale of stitch clothes)

18/08/18 Renovation a/c Dr. 15,000

To cash a/c 15,000
(Being Renovation done)

21/08/18 Lost by fire a/c Dr. 5,000

To stitch clothes a/c 5,000
(Being loss due to fire)

22/09/18 Electricity bill a/c Dr. 10,000

To cash a/c 10,000
(Being electricity bill paid)

23/09/18 Postage a/c Dr. 2,000

To cash a/c 2,000
(Being cash paid on postage)

27/12/18 Carriage inward a/c Dr. 500

To cash a/c 500
(Being Cash paid for carriage)

01/01/19 Carriage outward a/c Dr. 500

To cash a/c 500
(Being cash paid on carriage)

02/02/19 Advertisement a/c Dr. 1,000

To cash a/c 1,000
(Being cash paid on advert.)

28/02/19 Salary a/c Dr. 20,000

To Cash a/c 20,000
 (Being salary paid)

03/03/19 Drawing a/c Dr. 5,000

To capital a/c 5,000
(Being drawing made)

General Ledger
for the year ending 31st March

Dr. Capital Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
3/3/19 To draw.a/c 5000 4/4/18 To cash a/c 800000

To bal. c/d 795000

800000 800000

Dr. Cash Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
4/4/18 To capital a/c 800000 30/7/18 To unstitch clothes 6000
12/4/18 To rent 100000 5/8/18 To stitch clothes 20000
1/5/18 To furn. a/c 20000 31/3/19 To bal. c/d 1053000
31/5/18 To machinery 30000
2/6/18 To municipal 10000
6/6/18 To unstitch clthothes 15000
19/6/18 To stitch clothes 40000
5/7/18 To embroidery 10000
10/7/18 To miscall. 5000
10/7/18 To renovation 15000
22/9/18 To electricity bill 10000
23/9/18 To postage 2000
27/9/18 To carriage inward 500
1/1/19 To carriage outwad. 500
2/2/19 To advert. 1000
23/2/19 To salary 20000

1078000 1078000
Dr. Rent Account Cr.
Date Particular J.F. Amt. Date Particular J.F. Amt.
31/3/19 By bal. c/d 100000 12/4/18 To cash 100000

100000 100000

Dr. Furniture Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
31/3/19 By bal. c/d 20000 1/5/18 To cash 20000

20000 20000

Dr. Municipal Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
31/3/19 By bal. c/d 10000 2/6/18 To cash 10000

10000 10000

Dr. Machinery Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
31/3/19 By c/d 30000 31/5/18 To cash 30000
 30000 30000

Dr. Unstitched Clothes Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
30/7/18 By Cash 6000 6/6/18 To cash 15000
31/3/19 By bal. cld 9000

15000 15000

Dr. Stitched Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
5/8/18 By cash 20000 19/6/18 To cash 40000
21/8/18 By lost by fire 5000
31/3/19 By bal. c/d 15000

40000 40000

Dr. Embroidery Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
31/3/19 By bal. c/d 10000 5/7/18 To cash 10000

10000 10000

Dr. Miscellaneous Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
31/3/19 By bal. c/d 5000 10/7/18 To cash 5000
 5000 5000

Dr. Renovation Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
31/3/19 By bal. c/d 15000 15/8/19 To cash 15000

15000 15000

Dr. Lost by Fire Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
318/3/19 By bal.c/d 5000 21/8/18 To stitch clothes 5000

5000 5000

Dr. Electricity Bill Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
31/3/19 By bal. c/d 10000 22/9/18 To cash a/c 10000

10000 10000

Dr. Postage Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
31/3/19 By bal. c/d 2000 23/9/18 To cash a/c 2000

2000 2000

Dr. Carriage Inward Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
31/3/19 By bal. c/d 500 27/12/18 To cash 500

500 500

Dr. Carriage Outward Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
31/3/19 By bal. c/d 500 1/ To cash 500
1/19
500 500

Dr. Advertisement Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
31/3/19 By bal. c/d 1000 2/2/19 To cash 1000

1000 1000

Dr. Salary Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.

Dr. Drawings Account Cr.

Date Particular J.F. Amt. Date Particular J.F. Amt.
31/3/19 By bal. c/d 5000 3/3/19 To capital 5000

5000 5000
 TRIAL BALANCE
as on
DR. CR.
S.NO. HEADS OF ACCOUNT Balance Balance
1 Capital 7,95,000
2 Cash 10,53,000
3 Rent 1,00,000
4 Furniture 20,000
5 Machinery 30,000
6 Municipal Corporation 10,000
7 Unstitched Clothes 9,000
8 Stitch Clothes 15,000
9 Embroidery 5,000
10 Miscellaneous Expenses 5,000
11 Renovation 15,000
12 Lost by Fire 5,000
13 Electricity Bill 10,000
14 Postage 2,000
15 Carriage Inward 500
16 Carriage Outward 500
17 Advertisement 1,000
18 Salary 20,000
19 Drawing 5,000

10,53,000 10,53,000

FINANCIAL STATEMENT

TRANSACTIONS CASH STOCK FURN. MACH. TOTAL LIABILITIES

Business stared with cash 800000 800000
800000 800000
Rent Paid -100000
700000 700000
Purchased Furniture -20000 20000
680000 20000 700000
Purchased Machinery -30000 30000
650000 20000 30000 700000
Paid for License -10000
640000 20000 30000 690000
Purchased unstitched clothes -15000 15000
625000 15000 20000 30000 690000
Purchased stitched clothes -40000 40000
585000 55000 20000 30000 690000