Particulars Debit Credit

Paid up Share Capital 800,000

Calls in Advance 10,000
Furniture 1,137,500
Plant and Machinery 500,000
Depreciation furniture 312,500
Depreciation Plant and Machinery 100,000
Accumulated Profit 200,000
Long Term Loan 300,000
Working Capital Loan 200,000
Cash Sales 1,800,000
Credit Sales 1,500,000
Purchase 1,300,000
Direct Expenses 300,000
Interest On Bank Account 12,000
Sundry Debtors 300,000
Bank Account 120,000
Advance Tax 75,000
TDS Recievable 15,000
VAT Recievable 25,700
Advance to Suppliers 23,000
Sundry Creditors 305,000
TDS on Audit Fee 3,000
TDS on Salary 2,000
TDS on Rent 1,200
Salary Payable 20,000
Audit Fee 200,000
Bank Charges 1,500
Fuel 9,000
Insurance 8,000
Interest on Term Loan 12,000
Interest on Working Capital Loan 9,000
Fine & Penalty 5,000
Rent 200,000
Salary 500,000
Total 5,153,200 5,153,200

Adjustments
Closing stock 120,000
Tax 20%
 ABC Pvt. Ltd.
Nepal
Statement of Financial Position
As at 16 July 2019
(Amount in NPR)

Particular Notes 16-07-2019 16-07-2018

Assets
Non Current Assets
Property and Equipment 1
Capital Work in Progress -
Other Financial Assets -
Deferred Tax Assets -
Total Non Current Assets -

Current Assets
Inventory 2 -
Non Financial Current Assets
Other Non Financial Assets 3 -
Current Tax Assets 4 -
Financial Assets
Cash and Cash equivalent 5 -
Trade and Other Receivables 6 -
Other Financial Assets 7 -
Total Current Assets -
Total Assets -
Liabilities and Equities
Equity
Share Capital 8 -
Reserves 9 -
Total Equities -
Non Current Liabilities
Net Defined Benefit Obligation -
Financial Liabilities
Long Term Loan 10 -
Total Non Current Liabilities
Current Liabilities
Financial Liabilities
Short Term Loan 11 -
Trade and Other Payables 12 -
Current Tax Liabilities -
Total Current Liabilities
Total Liabilities -
Total Liabilities and Equities -
 ABC Pvt. Ltd.
Nepal
Consolidated Statement of Profit or Loss
For the Year ended 16 July 2019
(Amount in NPR)

Particular Notes 2018/19 2017/18

Revenue from Operations 13 -

Cost of goods sold 14 -
Total Direct Income -
Other Income 15 -
Total Income -
Administrative & Other Expenses 16 -
Personnel Expenses 17 -
Depreciation on Property and Equipment 1 -
Profit from Operations -
Finance Costs 18 -
Profit Before Bonus and Tax -
Bonus -
Profit Before Tax -
Taxation
Current Taxes -
Deferred Tax Income/(Expense)
Net Profit for the year -
 ABC Pvt. Ltd.
Nepal
Consolidated Statement of Other Comprehensive Income
For the Year ended 16 July 2019

Particular
2018/19

Profit for the Year -

Other Comprehensive Income:
Items that will be reclassified to Income Statement: -
Actuarial( losses)/gains on retirement benefit obligations -
Deferred Tax Implication of acutuarial gain/ (losses) -
Items that may be reclasssfied subsequently to income statement: -
Avaiable-for-sale-investments: -
Fair Value gain on revaluation of investment -
Other Comprehensive income for the year net of taxation -
Total Comprehensive Income attributable to : -
Owners of the Company -
e

(Amount in NPR)

2017/18
Notes
2
Inventory 16-07-2019 16-07-2018
Inventory - Closing 120,000
Total 120,000 -

3
Other Non Financial Assets 16-07-2019 16-07-2018
Prepaid Expenses - -
VAT credit Receivable - -
Total - -

4
Current Tax Assets/Liabilities 16-07-2019 16-07-2018
TDS Recievable -
Advance Tax - -
Income Tax Provision - -
Current Tax Assets/(Liabilities) - -

5
Cash and Cash equivalent 16-07-2019 16-07-2018
Cash Balance - -
Bank Balance - -
Total - -

6
Trade and other Receivables 16-07-2019 16-07-2018
Debtors- Individual - -
Total - -

7
Other Financial Assets 16-07-2019 16-07-2018
Advance to Suppliers -
Staff Advance -
 Other Receivables -
Total - -

8 16-07-2019 16-07-2018
Share Capital
No of Shares Amount No of Shares
A. Equity Shares
Authorised
Equity Shares of Rs. 100 each with
voting rights 10,000 1,000,000
Issued
Equity Shares of Rs. 100 each with
voting rights 9,000 900,000
Subscribed and Fully Paid
Equity Shares of Rs. 100 each with
voting rights 8,000 800,000
Calls in Advances 100 10,000
Total 8,100 810,000

9
Reserves 16-07-2019 16-07-2018
Opening Balance -
Profit for the year -

Total Retained Earning as on Reporting

date - -
Deferred Tax Asstes/(Liabilities - -

Total - -

10
Long Term Loan 16-07-2019 16-07-2018

Term Loan -
Total - -

11
Short Term Loan 16-07-2019 16-07-2018
 Working Capital Loan - -

Total - -

12
Trade and Other Payable 16-07-2019 16-07-2018
Sundry Payables -
-
Total Sundry Creditors -
Audit Fee Payable -
Provision for Bonus -
TDS on Audit Fee -
TDS on Salary -
TDS on Rent -
Salary Payable -
Total - -
16-07-2018
Amount
Notes
13 Revenue from Operations
2018/19 2017/18
Cash Sales -
Credit Sales -
Total -

14
Cost of goods sold 2018/19 2017/18
Opening Stock -
Purchase -
Direct Expenses -
Closing Stock -
Total -

15
Other Income 2018/19 2017/18
Rental Income - -
Commission Income - -
Interest Income - -
Miscellaneous Income - -
Total - -

16
Administrative & Other Expenses 2018/19 2017/18
Audit Fees -
Bank Charges -
Fuel -
Insurance -
Rent -
Fine Penalty -

Total - -

17
Personnel Expenses 2018/19 2017/18
Salary & Allowances -
PF Contributon Expenses
Gratuity Expenses
Leave Encashment Expenses
Bonus Expenses
Uniform Expenses
 Total - -

18
Finance Expenses 2018/19 2017/18
Interest expenses on working capital -
Interest expenses long term -
Total - -
Calculation of Tax

Particulars Amount

Profit as per financial accounting -

Add:
Fines and Penalty Not allowed as per Income tax act -
Less:

Profit as per Tax Accounting -

Tax @ 20% -
S. N Particulars Debit Credit

1 Bonus Expenses Dr -
To, Bonus Payable -

2 Provision for Tax Expenses a/c Dr -

To, Provision for Tax -