THE INSTITUTE OF COMPUTER ACCOUNTANTS

27, N. S. Road, Kolkata – 700001

Offline Question Paper | Advanced Accounts
Paper Code:
Full Marks: 100 Time: 75 mins.
** Use Software of TallyERP9 (Latest Version) for better support **

Q:1 Prepare the projected Trading, Profit & Loss A/c for the year ended 31.3.2018. (Make necessary assumptions [1x30=30]
wherever required but state that at the right hand side of the P/L Account [Use MS-Excel]
Roshan Private Limited
98, Hill Road, Bandra (West) - 40050
Trading and Profit & Loss Account
Projected Projected
2016-17 2017-18 2016-17 2017-18
Dr. Particulars Amount (Rs.) Amount (Rs.) Cr. Particulars Amount (Rs.) Amount (Rs.)
To, Opening Stock 1,882,808.00 By, Sales 31,870,910.00
To, Purchases 27,951,090.00 By, Closing Stock 2,089,987.00
To, Carriage Inward 404,100.00
To, Wages 600,000.00

To, Gross Profit (c/d) 3,122,899.00

33,960,897.00 33,960,897.00

To, Salaries 840,000.00 By, Gross Profit (b/d) 3,122,899.00

To Audit Fee 46,000.00
To Travelling Expenses 41,350.00
To, Staff Welfare Expenses 42,786.00
To, Rent 96,000.00
To Telephone Charges 27,239.00
To, Electricity Charges 27,098.00
To, Depreciation 30,000.00
To, Legal Charges 37,000.00

To, Net profit 1,935,426.00

3,122,899.00 3,122,899.00

Additional Information:
1) Gross Profit and Net Profit ratio should not vary by more than 10% than 2016-17;
2) External vouchers can not be altered;