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Event Date

1 1-Jan-09

2 15-May-09
3 20-May-09
4 5-Apr-09
5 31-May-09
6 1-Jun-09
7 15-Jun-09
8 30-Jun-09
9 30-Jun-09
10 1-Jul-09
11 1-Jul-09
12 14-Aug-09
13 14-Aug-09
14 30-Nov-09
31-Dec-09
15 Adj.E1
16 Adj.E2
17 Adj.E3
18 Adj E4
19 Adj E5
20 Adj E6

21 Adj E7
22 Adj E8
Nature of Transactions recorded by Co ABC during the financial year 2009 [calendar year]

HCL started operating on January 1 when the promoter P made Rs 10,000 contribution [by cheque Rs 8,000 & Cash Rs 2,000]

HCL purchased inventory [office materials] for Rs 400 from a Supplier A on credit
HCL billed for services provided on account (on credit) to Customer MFS for Rs 2,600
HCL paid Rs 600 cash for office expenses
HCL borrowed Rs 4,000 on unsecured bases loan from Axis Bk for 2 yrs with inteterst @ 12% pa
HCL acquired large office on lease & paid advance rent for 1 yr of Rs 2,400
HCL received Rs 1,500 toward part payment from MFS [Refer Event 3]
HCL signed contract with Mco to perform consulting services for 1 year & collected advance of Rs 3,600
HCL received Rs 700 by cheque for consultancy renedered to Customer DXL
HCL loaned to its contractor JBC Rs 4,000 for 1 year @ 14% for business purpose
HCL purchased office equipments [with estimated useful life of 2 yrs and salvage value of Rs 400] for Rs 2,000
HCL received bill from SC for Rs 800 towards office cleaning job
HCL paid by cash Rs 400 to Supplier A [refer 2]
HCL paid to P Rs 300 as good work award to staff
HCL has to further pass following adjustment entries to close the books as at year end
HCL provided interest on unsecured loan [refer Event 5] @ 12% for 6 months
HCL accounted for rent pertaining to current year out prepaid rent [refer Event 6]
HCL recorded credit for 6 months services provided to Mco [refer Event 8]
HCL accured interest on loan given to JBC [refer Event 10]
HCL provided for depreciation on office equipments [refer Event11]
HCL noted to provide for accured salaries to employees amounting to Rs 600

HCL noted that inventory of office supplies on 31/Dec/09 was only Rs 100 and the balance Rs 300 was to be charged to consu
HCL noted to provided all office related expenses for Rs 1,000 for the year based on only office recors [no bills received] & outs

800
600
Co.ABC: Journal Entry Book for the financial year 2009-10

Trans/Adjs Transaction Particulars [A/c] A/c Type Dr. Rs


1 Bank R 8,000
Cash R 2,000
Share Capital [Owner] P
To record promoters contribution to firm's capital
2 Inventory [Office mateirals] R 400
Sundry Creditors [Supp A] P
Being the credit purchase of inventory from Supp A
3 Sundry Debtors [Customer MFS] P 2,600
Sales and Sevices N
To record services rendered on credit to Cust. MFS]
4 Office expenses 600
Cash
To records cash payment towards operating expenses
5 Bank R 4,000
Unsecured Loan [Axis Bk] P
Being the unsecured loan obtained for 1yr @ 12%pa
6 Prepaid rent R 2,400
Bank R
To record rent for office premise paid in advance

7 Bank R 1,500
Sundry Debtors [Customer MFS] P
To account part payment received from MFS [Ref 3]
8 Bank 3,600
Advance Received from Customer [MCO]
Being the advance received on MOU signed with Mco
9 Sundry Debtors [Customer DXL] R 700
Sales and Sevices N
To record the bill raised for services given to DXL
9A Bank R 700
Sundry Debtors [Customer DXL] P
To record the payment received from DXL for 9 above
10 Loans,advances & deposits R 4,000
Bank R
To record loan given for business to JBC for 1 yr @ 14%
11 Fixed Assets "Office Equipments" R 2,000
Bank R
To recod purchase of office equipments
12 Office expenses N 800
Sundry Creditors [for other exp] (Party SC) P
To account for bill for above office exp. from SC
13 Sundry Creditors [Supp A] R 400
Cash P
Being the pymt for supplies [refer 2 above]
14 Employee costs N 300
Cash R
Being the good work award given to an employee
15 Interest Expense N 240
Sundry creditors [other expenses] P
Being the provision for int due to Axis bank for 6 months
16 Office Rent N 1,400
Prepaid rent R
To account rent for 7 months pertaining to current yr
17 Sundry Debtors [Mco] P 1,800
Sales and Sevices N
To book credit for services for 6 mths in current Fy
17A Advance Received from Customer [MCO] P 1800
Sundry Debotors [MCO] P
Towards pro-rata adjustment of advance received for 17 above
18 Accured interest Income R 210
Interest income N
To account for accrued interest on loan given to JBC
19 Depreciation N 600
Depreciation Reserve [Depreciation to date] R
To provide pro-rata depreciation for 9 months on office eqpts
20 Employee costs E 600
Sundry creditors [other expenses] P
[To provide for oustanding salary to employees]
21 Inventories Consumed E 300
Inventory [Office mateirals] R
[To account inventories consumed from stock]
22 Office expenses E 1,000
Sundry creditors [other expenses] P
[To provide for outstanding office expenses as per records ]
Total 41,950
he financial year 2009-10
Cash/Bank
Balance
P&L Impact Impact Balance Sheet Impact

Cash C/Bank
Income B balance Asset Liability Inc
Cr. Rs /Expense Inc. /Dec. Inc/Dec /Dec Bank
B -Inc Inc Trans No
C-Inc Inc 1
10,000 Inc 5
7
Inc 8
400 Inc 9A
Total
Inc
2,600 Income Invento
Trans No
Expense 2
600 C -Dec Dec

B -Inc Inc
4,000 Inc Total

Inc Sales & Se


2,400 B-Dec Dec Trans No
To P&L

B-Inc Inc
1,500 Dec
Total
Inc
3,600 B-Inc Inc Prepaid
Trans No
Inc 6
700 Income
Total
B-Inc Inc
700 Dec Fixed Assets[Office
Trans No
Inc 11
4,000 B-Dec Dec

Inc
2,000 B-Dec Dec Total

Expense
800 Inc
Interest Ex
Dec Trans No
400 C-Dec Dec 15
Expense Total
300 C-Dec Dec

Expense Depreciation
240 Inc Trans No
19
Expense Total
1,400 Dec

Dec
1,800 Income Credit & Deb
Debit
Dec 41,950
1800 Dec

Inc
210 Income

Expense
600 Inc

Expense
600 Inc

Expense
300 Dec

Expense
1,000 Inc

41,950
Co.ABC:Ledger Accounts for the financiail year 2009-10

Bank Cash
Debit Rs Trans No Credit Rs Trans No Debit Rs Trans No Credit Rs
8,000 6 2,400 1 2,000 4 600
4,000 10 4,000 13 400
1,500 11 2,000 14 300
3,600 Bal c/f 9,400 Bal c/f 700
700
17,800 Total 17,800 Total 2,000 Total 2,000

Inventory Sundry Creditors [Suppliers]


Debit Rs Trans No Credit Rs Trans No Debit Rs Trans No Credit Rs
400 21 300 13 400 2 400
Bal c/f 100

400 Total 400 Total 400 Total 400

Sales & Sevices Office Expenses


Debit Rs Trans No Credit Rs Trans No Debit Rs Trans No Credit Rs
5,100 3 2,600 4 600 To P&L 2,400

9 700 12 800
17 1,800 22 1,000
5,100 Total 5,100 Total 2,400 Total 2,400

Prepaid Rent Advance Received from Customer


Debit Rs Trans No Credit Rs Trans No Debit Rs Trans No Credit Rs
2,400 16 1,400 17A 1800 8 3,600
Bal c/f 1,000 Bal c/f 1,800
2,400 Total 2,400 Total 3,600 Total 3,600

Fixed Assets[Office Equipments] Sundry Creditors [Other Expenses]


Debit Rs Trans No Credit Rs Trans No Debit Rs Trans No Credit Rs
2,000 Bal c/f 2,000 Bal C/f 2,640 12 800
15 240
20 600
22 1,000
2,000 Total 2,000 Total 2,640 Total 2,640

Interest Expense Office Rent


Debit Rs Trans No Credit Rs Trans No Debit Rs Trans No Credit Rs
240 To P&L 240 16 1,400 To P&L 1,400
240 Total 240 Total 1,400 Total 1,400

Depreciation Expense Depreciation Reserve


Debit Rs Trans No Credit Rs Trans No Debit Rs Trans No Credit Rs
600 To P&L 600 Bal c/f 600 19 600
600 Total 600 Total 600 Total 600

Credit & Debit Check


Credit Diff
41,950 -
r 2009-10

Share Capital
Trans No Debit Rs Trans No Credit Rs
Bal c/f 10,000 1 10,000

Total 10,000 Total 10,000

Sundry Debtors
Trans No Debit Rs Trans No Credit Rs
3 2,600 7 1,500
9 700 9A 700
17 1,800 17A 1800
Bal c/f 1,100
Total 5,100 Total 5,100

Unsecured Loan [Axis Bk]


Trans No Debit Rs Trans No Credit Rs
Bal C/f 4,000 5 4,000

Total 4,000 Total 4,000

Loans,Advances and Deposits


Trans No Debit Rs Trans No Credit Rs
10 4,000 Bal c/f 4,000

Total 4,000 Total 4,000

Employee Costs
Trans No Debit Rs Trans No Credit Rs
14 300 To P&L 900
20 600

Total 900 Total 900

Accured Interest Income


Trans No Debit Rs Trans No Credit Rs
18 210 Bal c/f 210
Total 210 Total 210

Inventories Consumed
Trans No Debit Rs Trans No Credit Rs
21 300 To P&L 300
Total 300 Total 300

Interest Income
Trans No Debit Rs Trans No Credit Rs
To P&L 210 18 210
Total 210 Total 210
Co.ABC:Trial Balance [Before P&L Account] as at March 31,2010

Accounts Debit Bal Rs Credit Bal Rs


Bank 9,400
Cash 700
Share Capital 10,000
Inventory 100
Sundry Creditors [Suppliers] 0
Sundry Debtors 1,100
Sales & Sevices 5,100
Office Expenses 2,400
Unsecured Loan [Axis Bk] 4,000
Prepaid Rent 1,000
Advance Received from Customer 1,800
Loans,Advances and Deposits 4,000
Fixed Assets[Office Equipments] 2,000
Sundry Creditors [Other Expenses] 2,640
Employee Costs 900
Interest Expense 240
Office Rent 1,400
Depreciation Expense 600
Depreciation Reserve 600

Inventories Consumed 300


Accured Interest Income 210
Interest Income 210
Total 24,350 24,350

Co.ABC:Trial Balance [After P&L Account] as at March 31,2010


Accounts Debit Bal Rs Credit Bal Rs
Bank 9,400
Cash 700
Share Capital 10,000
Inventory 100
Sundry Debtors 1,100
Unsecured Loan [Axis Bk] 4,000
Prepaid Rent 1,000
Advance Received from Customer 1,800
Loans,Advances and Deposits 4,000
Fixed Assets[Office Equipments] 2,000
Sundry Creditors [Other Expenses] 2,640
Depreciation Reserve 600
Accured Interest Income 210
Profit & Loss Account 530
Total 19,040 19,040
Co.ABC:Profit & Loss Account for the Year Ended March 31, 2010

Debit Amt
Particulars Rs Particulars
Inventories Consumed 300 Sales & Sevices
Employee Costs 900 Interest Income
Office Expenses 2,400 Loss carried forward to BS
Office Rent 1,400
Depreciation Expense 600
Interest Expense 240
Total 5,840 Total

Co.ABC:Balance Sheet as at March 31,2010


Liabilities Rs Assets
Share Capital 10,000 Fixed Assets [Gross Block]

Profit & Loss [loss b/f] (530) Less:Depreciation to date


Unsecured Loan [Axis Bk] 4,000 Fixed Assets [Net Block]
Advance Received from Customer 1,800 Inventory
Sundry Creditors [Other Expenses] 2,640 Sundry Debtors
Accured Interest Income
Loans,Advances and Deposits
Bank balance
Cash balance
Prepaid Rent
Total Err:522 Total
010

Credit Amt
Rs
5,100
210
530

5,840

Rs
2,000

600
1,400
100
1,100
210
4,000
9,400
700
1,000
Err:522
Company A: Balance Sheet as at 31st Mar 20009

Liabilities Rupees
Share Capital 500
Reserves 250
Profits & Loss 300
Secured Loan [from SBI] 150
Unsecured Loan [from HDFC] 1050
Sundry Creditors[suppliers] 50
Sundry Creditors [other dues] 50
Provision for Dividend 30
Provision for Itax 20

Total 2400
Co.A:Transactions d

: Balance Sheet as at 31st Mar 20009 Sr No

Assets Rupees 1
Fixed Assets[Gross block] 880 2
Less:Depreciation till date 80 3
Fixed Assets [Net block] 800 4
Investments 200 5
Inventories [raw materials] 100 6
Sundry Debtors 100 7
Loans,advances and deposits 100 8
Cash balance 200 9
Bank balance 800 10
Deferred Rev.Exp [relating to new product
development 100 11
Total 2400 12
\ 13
14
15
16
17
18
19
20
21
22
23
24
25
Co.A:Transactions during FY 2009-10

Particulars Rupees

Purchased inventories [raw material] thru cheque pymt 500 Sr No


Purchased inventories [packing material] in credit for 100 1
S.Crs [Suppliers outstanding dues] paid by cheque 50
S.Crs [ Other dues] paid in cash 50
Dividend provided for Previous year paid thru bank 30 2
Wages paid in cash Rs 50 100
Outstanding wages provided 10
Other expenses paid in cash 20 3
Interest paid on loans by cheque 10
Outstanding interest on loans provided 10

Total sales for the year 1100 4


Cash sales[ thru cheques] out of 11 above sales 600
Amount collected from outstanding S.Drs 100
Secured loans borrowed from Axis Bk 50 5
Unsecured loans repaid to HDFC Bk 50
Investments sold [ encashed] 10
Interest earned on investment 10 6
Received refund of deposit placed 10
Product development exp amortized 10
Depreciation on assets 80 7
Cost of fixed assets sold 20
Amount received on sale of assets 15
Closing inventories Raw Materials as on 31/3/2010 100 8
Closing inventories Pkg Materials as on 31/3/2010 0
Provision for Income tax for the current year 30
9 & 10

11

13

14

15

16
17

18

19

20

21 &22

23 & 24

25**
Co.A: Journal Entry Book for the financial year

Transaction Particulars [Account]


Inventories [Raw Materials]
Bank
Being raw materials inventory purcahsed in cash/bank
Inventories [Packing Materials]
Sundry Creditors [Suppliers]
Being credit purcahse of packing materials from Supl.B
Sundry Creditors [Suppliers]
Bank
Being outstanding amount due to Sup.A paid by check

Sundry Creditors [Other Dues]


Cash
Being outstanding other due paid in cash
Provisions for Dividend
Bank
Being dividend earleir provided now paid
Wages
Bank
Being the wages paid to employee
Wages
Sundry Creditors [Other Dues]
Being outstanding wages provided [under other dues a/c]
Other Expenses
Cash
Being office expenses paid in cash
Interest Expense
Bank
Sundry Creditors [Other Dues]
To record the total interest due on loans partly paid by chequ & balance provided
Bank
Sundry Debtors [Customers]
Sales
To record the sales for the period partly in cash and part in credit
Bank
Sundry Debtors
To record the collections thru bank from outstanding S.Drs
Bank
Secured Loans
To record fresh secured borrowing from Axis Bk
Unsecured Loans
Bank
Being part repayment unsecured loan taken from HDFC Bk
Cash
Investments
To record sales proceed of investment sold
Cash
Interest Income
Being the interest earned on investments made
Bank
Loans,advances & Deposits
To record the receipt of refund of deposit placed with Stax office
Product Development Exp
Deferred Product Development Exp
Being the annual amortization of deferred product development exp
Depreciation Expenses
Depreciation till date
Being the annual provision for depreciation on fixed assets
Bank
Loss on Sale of Asset
Fixed Assets
To record the sale & loss on sale of a machine with WDV of Rs 20
Materials consumed
Inventories [Raw Materials]
Inventories [Packing Materials]
To account for RM & Pkg materials [Inventories] consumed during the year
Profit and Loss
Profit and Loss [Appropriation]
Provision for Income Tax
Provisions for Dividend
Being the entry to record provisions for Itax & Dividend for 2009-10
**These entries will be passed after determination of profit/loss before tax
or the financial year 2009-10

Cash/Bank
P&L Impact Balance Impact Balance Sheet Impact

Cash C/Bank B
Income -I /Exp- balance Inc. Asset Liability Inc
Type of A/c Dr. Rs Cr. Rs E /Dec. Inc/Dec /Dec
R 500 Inc
R 500 B -Dec. Dec

R 100 Inc
P 100 Inc

P 50 Dec
R 50 B -Dec Dec

P 50 Dec
R 50 C - Dec Dec

R 30 Dec
R 30 B- Dec Dec

N 100 Expense
R 100 B-Dec Dec

N 10 Expense
P 10 Inc

N 20 Expense
R 20 C -Dec Dec

N 20 Expense
R 10 B- Dec Dec
P 10 Inc

R 600 B -Inc Inc


P 500 Inc
N 1100 Income

R 100 B- Inc Inc


P 100 Dec

R 50 B -inc Inc
P 50 Inc

P 50 Dec
R 50 B-Dec Dec

R 10 C-Inc Inc
R 10 Dec

R 10 C -inc Inc
N 10 Income

R 10 B -inc Inc
R 10 Dec

N 10 Expense
R 10 Dec

N 80 Expense
R 80 Inc

R 15 B- Inc Inc
N 5 Expense [loss]
R 20 Dec

N 600 Expense
R 500 Dec
R 100 Dec

N 30 Expense
10 Appropriation
R 30 Inc
R 10 Inc

Total 2960 2960


Co.A:Ledger Accounts for the financial year 2009-2010

Inventories [Raw Materials] Bank


Trans No Debit Rs Tans No Credit Rs Trans No Debit Rs Tans No
Bal B/f 100 23 & 24 500 Bal b/f 800 1
1 500 Bal c/f 100 11 600 5
13 100 6
14 50 9 & 10
18 10 15
21 &22 15 Bal c/f
Total 600 Total 600 Total 1575 Total

Sundry Creditors [Other Dues] Cash


Trans No Debit Rs Tans No Credit Rs Trans No Debit Rs Tans No
4 50 Bal b/f 50 Bal b/f 200 4
Bal c/f 20 7 10 16 10 8
9 & 10 10 17 10 Bal c/f

Total 70 Total 70 Total 220 Total

Other Expenses Interest Expense


Trans No Debit Rs Tans No Credit Rs Trans No Debit Rs Tans No
8 20 To P&L 20 9 & 10 20 To P&L

Total 20 Total 20 Total 20 Total

Secured Loans Unsecured Loans


Trans No Debit Rs Tans No Credit Rs Trans No Debit Rs Tans No
Bal c/f 200 Bal b/f 150 15 50 Bal B/f
14 50 Bal c/f 1000

Total 200 Total 200 Total 1050 Total


Loans,advances & Deposits Product Development Exp
Trans No Debit Rs Tans No Credit Rs Trans No Debit Rs Tans No
Bal b/f 100 18 10 19 10 To P&L
Bal c/f 90
Total 100 Total 100 Total 10 Total

Depreciation till date Loss on Sale of Asset


Trans No Debit Rs Tans No Credit Rs Trans No Debit Rs Tans No
Bal c/f 160 Bal b/f 80 21 &22 5 To P&L
20 80
Total 160 Total 160 Total 5 Total

Profit and Loss Provision for Income Tax


Trans No Debit Rs Tans No Credit Rs Trans No Debit Rs Tans No
0 Bal B/f 300 Bal c/f 20 Bal B/f
0
Bal c/f 300
Total 300 Total 300 Total 20 Total

Current years Debit Credit Check


Debit Credit Diff
2870 2870 0
or the financial year 2009-2010

nk Inventories [Packing Materials] Sundry Creditors [Suppliers]


Credit Rs Trans No Debit Rs Tans No Credit Rs Trans No Debit Rs
500 2 100 23 & 24 100 Bal c/f 150
30
100
10
50
885
1575 Total 100 Total 100 Total 150

ash Provisions for Dividend Wages


Credit Rs Trans No Debit Rs Tans No Credit Rs Trans No Debit Rs
50 5 30 Bal b/f 30 6 100
20 Bal c/f 0 7 10
150

220 Total 30 Total 30 Total 110

Expense Sundry Debtors [Customers] Sales


Credit Rs Trans No Debit Rs Tans No Credit Rs Trans No Debit Rs
20 Bal b/f 100 13 100 To P&L 1100
11 500 Bal C/f 500
20 Total 600 Total 600 Total 1100

ed Loans Investments Interest Income


Credit Rs Trans No Debit Rs Tans No Credit Rs Trans No Debit Rs
1050 Bal b/f 200 16 10 To P&L 10
Bal c/f 190

1050 Total 200 Total 200 Total 10


elopment Exp Deferred Product Development Exp Depreciation Expenses
Credit Rs Trans No Debit Rs Tans No Credit Rs Trans No Debit Rs
10 Bal b/f 100 19 10 20 80
Bal c/f 90
10 Total 100 Total 100 Total 80

ale of Asset Fixed Assets Materials consumed


Credit Rs Trans No Debit Rs Tans No Credit Rs Trans No Debit Rs
5 Bal b/f 880 21 &22 20 23 & 24 600
Bal c/f 860
5 Total 880 Total 880 Total 600

Share Capital Reserves


Credit Rs Trans No Debit Rs Tans No Credit Rs Trans No Debit Rs
20 Bal c/f 500 Bal b/f 500 Bal c/f 250

20 Total 500 Total 500 Total 250


Co.A:Trial Balance [before P&L a/c] as at March 31,2010

Sundry Creditors [Suppliers] Particulars


Tans No Credit Rs Inventories [Raw Materials]
Bal b/f 50 Bank
2 100 Sundry Creditors [Suppliers]
Sundry Creditors [Other Dues]
Provisions for Dividend
Cash
Wages
Total 150 Other Expenses
Interest Expense

Sundry Debtors [Customers]


Wages Sales
Tans No Credit Rs Secured Loans
To P&L 110 Unsecured Loans
Investments
Interest Income
Loans,advances & Deposits
Total 110 Product Development Exp
Deferred Product Development Exp
Depreciation Expenses
Depreciation till date
Loss on Sale of Asset
Fixed Assets
Sales Materials consumed
Tans No Credit Rs Profit and Loss
11 1100 Provision for Income Tax
Share Capital
Total 1100 Reserves
Total

Co.A:Trail Balance [after P&L A/c] as at March 31,2009


Particulars
Inventories [Raw Materials]
Interest Income Bank
Tans No Credit Rs Cash
17 10 Sundry Creditors [Suppliers]
Sundry Creditors [Other Dues]
Sundry Debtors [Customers]
Total 10 Secured Loans
Unsecured Loans
Investments
Loans,advances & Deposits
Deferred Product Development Exp
Depreciation Expenses Depreciation till date
Tans No Credit Rs Fixed Assets
To P&L 80 Profit and Loss
Share Capital
Total 80 Reserves
Provision for Income Tax
Provision for Dividend
Total

Materials consumed
Tans No Credit Rs
To P&L 600

Total 600

Reserves
Tans No Credit Rs
Bal b/f 250

Total 250
&L a/c] as at March 31,2010 Co.A:Trail Balance as at Apr 1,2009

Opening Balance Sheet

Debit Amt Rs Credit Amt Rs Debit Rs Credit Rs


100 100
885 800
150 50
20 50
0 30
150 200
110
20
20

500 100
1100
200 150
1000 1050
190 200
10
90 100
10
90 100
80
160 80
5
860 880
600
300 300
20 20
500 500
250 250
3710 3710 2480 2480
2600 0

L A/c] as at March 31,2009


Debit Amt Rs Credit Amt Rs
100
885
150
150
20
500
200
1000
190
90
90
160
860
525
500
250
50
10
Err:522 2865
2705
Co.A:Profit & Loss Account for the year ended March 31,2010

Particulars [Expense] Amt Rs Particulars [Income]


Materials consumed 600 Sales
Wages 110 Interest Income
Other Expenses 20
Product Development Exp 10
Loss on Sale of Asset 5
Depreciation Expenses 80
Interest Expense 20
Profit before tax c/f 265

Total 1110 Total


Provision for Income Tax 30 PBT b/f
PAT c/f 235
Total 265 Total
Profit & Loss Appropriation
Provisions for Dividend 10 PAT b/f
P&L c/f [ to BS] 525 Pr yr P&L b/f [from BS]
Total 535 Total

Co.A: Balance Sheet as at March 31, 2010


Liabilities Amt Rs Assets
Share Capital 500 Fixed Assets
Reserves 250 Less:Dep till date
Profit and Loss 525 Fixed Assets Net
Secured Loans 200 Investments
Unsecured Loans 1000 Inventories [Raw Materials]
Sundry Creditors [Suppliers] 150 Sundry Debtors [Customers]
Sundry Creditors [Other Dues] 20 Loans,advances & Deposits
Provision for Income Tax 50 Bank
Provisions for Dividend 10 Cash
Deferred Product Development Exp
Total 2705 Total
0

Amt Rs
1100
10

1110
265

265

235
300
535

Amt Rs
860
160
700
190
100
500
90
885
150
90
2705 0