8/2, Kiran Sankar Roy Road

S.Samanta & Co. Third Floor, Room No. 26

(Chartered Accountants) Ko l k a t a – 7 0 0 0 0 1
Phone & Fax: 2248-4423
E-mail: ssamantaco@yahoo.in

M/s. SHUBHAM PAINTS & SANITARY

PROP :- LALITA KANKAR
Vill. - Burasanti, P.O. - Singur, Dist. - Hooghly, PIN - 712 409

BALANCE SHEET AS AT 31st MARCH 2020

LIABILITIES AMOUNT (̠Rs,) AMOUNT (̠Rs,) ASSETS AMOUNT (̠Rs,) AMOUNT (̠Rs,)
Capital Account Land
Mrs. Lalita Kankar (As per last A/c.) 53,700.00
(As per last A/c.) 3,129,139.18 Shop
Add:- Net Profit during the year 666,527.93 (As per last A/c.) 300,000.00
Add:- Savings Bank Interest 4,289.00 Land & Building
Add:- F.D. Interest 22,952.31 (As per last A/c.) 1,137,788.00
Add:- N.S.C. Accrued Interest 9,892.05 Add:- Construction this year 450,955.00 1,588,743.00
Add:- Refund for I.Tax 5,290.00 ICI Colour Solution Machine
Add:- Interest on I.T. Refund 130.00 (As per last A/c.) 14,905.00
3,838,220.47 Less:- Depreciation @15% 2,236.00 12,669.00
Less:- Drawings Furniture & Fixture
- For Personal Use 360,000.00 (As per last A/c.) 6,475.00
- LIC Premeium 83,104.00 Less:- Depreciation @10% 647.00 5,828.00
- Mediclaim from Electric Weighing Machine
National Insurance Co. Ltd. 12,002.00 (As per last A/c.) 2,640.00
I.Tax Paid for A.Y. - 2019-2020 11,390.00 466,496.00 3,371,724.47 Less:- Depreciation @15% 396.00 2,244.00
Security Deposit
Sundry Creditor (As per last A/c.) 5,000.00
Akzo Nobel India Ltd. 295,438.66 Stock 416,506.75
Fixed Deposit
Overdraft Balance With U.B.I. 381,405.61 (As per last A/c.)
(Singur Branch, Hoogly) U.B.I. Singur Branch 78,758.00
C.C. A/c. No. - 5654 676,844.27 U.B.I. Singur Branch 47,919.89
U.B.I. Singur Branch 8,281.49
Liabilities for expenses U.B.I. Singur Branch 13,425.30 148,394.68
GST Payable F.D. Accrued Interest
(As per last A/c.) 26,965.00 (As per last A/c.) 56,489.88
Add:- Addition this year 32,756.00 Add:- Accrued Interest this year 16,902.98 73,392.86
59,721.00 Term Deposit
Less:- Repaid 26,965.00 32,756.00 (As per last A/c.) 53,400.00
Term Deposit Accrued Interest
(As per last A/c.) 19,925.15
Add:- Accrued Interest this year 6,049.33 25,974.48
LIC
(As per last A/c.) 420,502.00
N.S.C.
(As per last A/c.) 100,000.00
Add:- Purchase this year 50,000.00 150,000.00
N.S.C. Accrued Interest
(As per last A/c.) 20,064.55
Add:- Accrued Interest this year 9,892.05 29,956.60
Recurring Deposit
U.B.I. Singur Branch
(As per last A/c.) 74,000.00
Add:- Addition Interest this year 60,000.00 134,000.00
Sundry Debtors 205,750.00

Closing Balances
Cash in hand 269,839.46
Cash at Bank
With U.B.I. (Singur Branch, Hoogly)
Current A/c. No. - 0162050005080 59,766.95
With U.B.I. (Singur Branch, Hoogly)
Savings A/c. No. - 0162010262196 125,656.96 455,263.37

4,081,324.74 4,081,324.74
 8/2, Kiran Sankar Roy Road
S.Samanta & Co. Third Floor, Room No. 26
(Chartered Accountants) Ko l k a t a – 7 0 0 0 0 1
Phone & Fax: 2248-4423
E-mail: ssamantaco@yahoo.in

M/s. SHUBHAM PAINTS & SANITARY

PROP :- LALITA KANKAR
Vill. - Burasanti, P.O. - Singur, Dist. - Hooghly, PIN - 712 409

TRADING AND PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2020
PARTICULARS AMOUNT (̠Rs,) PARTICULARS AMOUNT (̠Rs,)
To Opening Stock 1,098,039.75 By Sales 6,189,205.00
" Purchase 4,764,967.00 " Closing Stock 416,506.75
" Gross Profit 742,705.00
6,605,711.75 6,605,711.75

To Staff Salary 120,000.00 By Gross Profit 742,705.00

" Bonus 10,000.00 " Discount 225,030.43
" Electricity Charges 8,086.00
" Travelling & Conveyance 11,635.00
" Professional Tax 1,200.00
" Trade License Fees 400.00
" Mobile Expenses 2,400.00
" Genrator Hire Charges 1,800.00
" Goods Service Tax 29,138.00
" Tea & Tiffin 25,105.00
" Stock Insurance 9,980.00
" Accounting Charges 7,000.00
" Preparing of GST Charges 8,000.00
" Donation & Subscription 3,500.00
" Interest on C.C. Loan 53,818.00
" Bank Charges 2,616.50
" General Expenses 3,250.00
" Depreciation 3,279.00
" Net Profit 666,527.93

967,735.43 967,735.43