Choice Foods

Statement of Profit and Loss, from 1 August 2014 to 31 July 2015

Revenue
Revenue from Operations

Expenses
Non Operating Expenses
Advertising materials
Interest on loan
Operating Expenses
Rent
Salary
Gas
Telephone
Stationary
Transportation
Electricity
Cost of Raw materials

Raw materials
kitchen equipments 60000
Opening stock 30,000
oice Foods

uly 2015

2826000

10000
4800

600000
420000
108000
96000
36000
72000
420000
1130400
2897200

-71200

365000
293800
Choice Foods
Balance Sheet as on 31 July 2015
Amount Rs.
Assets
Non Current Assets
Security Deposit 100000
Furniture 75000
Air Conditioner 35000
Inverter 15000
Motor Pump 5000
Flex Board 5000
Wall colouring 20000
Interior 42000
Bike 40000
Kitchen 60000
Total Non-Current Assets 397000

Current Assets
Cash 3000
Bank Overdraft -146400
Inventories (Raw Materials) 45000
Accrued Income 310000
Total Current Assets 208600

Total Assets 605600

Equity and Liabilities

Equity 293800

Non current Liabilities

Loan 50000

Loan (@18% p.a.) 80000

Total Current Liabilities 423800

Current Liabilities
Rent due but not paid 100000
Interest payable 1800
Trade Payables 80000
181800

605600