Scribd Logo
Upload

Welcome to Scribd!

  • 2022

    Uploaded by

    SuvidVijay Fadanvis
    8 views15 pages
    The document summarizes the income and expenditure account and balance sheet for Ras Agro Processors for the years ending March 31, 2020, 2019, and 2021 (projected). It shows income from gross receipts and closing stock, and expenditures on purchases, production costs, wages, rent, utilities, and depreciation. It also lists assets like fixed assets, deposits, investments, and current assets, as well as liabilities like capital, loans, and creditors. For the years 2020 and 2019, net profit was Rs. 3,60,224.20 and Rs. 2,92,294 respectively. Projected net profit for 2021 is Rs. 4,53,940.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document summarizes the income and expenditure account and balance sheet for Ras Agro Processors for the years ending March 31, 2020, 2019, and 2021 (projected). It shows income from gross receipts and closing stock, and expenditures on purchases, production costs, wages, rent, utilities, and depreciation. It also lists assets like fixed assets, deposits, investments, and current assets, as well as liabilities like capital, loans, and creditors. For the years 2020 and 2019, net profit was Rs. 3,60,224.20 and Rs. 2,92,294 respectively. Projected net profit for 2021 is Rs. 4,53,940.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views15 pages

    2022

    Uploaded by

    SuvidVijay Fadanvis
    The document summarizes the income and expenditure account and balance sheet for Ras Agro Processors for the years ending March 31, 2020, 2019, and 2021 (projected). It shows income from gross receipts and closing stock, and expenditures on purchases, production costs, wages, rent, utilities, and depreciation. It also lists assets like fixed assets, deposits, investments, and current assets, as well as liabilities like capital, loans, and creditors. For the years 2020 and 2019, net profit was Rs. 3,60,224.20 and Rs. 2,92,294 respectively. Projected net profit for 2021 is Rs. 4,53,940.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 15

    Ras Agro Processors

    Proprietor- Suvid Vijay Fadanvis


    Income & Expenditure Account as on 31.03.2020
    Expenditure Amount Income Amount
    Opening Stock In Trade 3,10,000.00 Gross Receipts for year 16,98,961.00
    Purchases 8,77,163.46
    Production Cost 1,86,648.84

    Closing Stock 2,35,000.00

    Gross Profit c/d 5,60,148.70


    19,33,961.00 19,33,961.00
    Wages & Salaries 88,800.00 Gross Profit b/d 5,60,148.70
    Godown & Workshop Rent 58,800.00
    Electricity 12,568.50
    Transportation 14,400.00
    Telephone 1,596.00
    Depreciation 23,760.00

    Net Profit 3,60,224.20

    5,60,148.70 5,60,148.70

    For Ras Agro Preocessors

    Date: ( Suvid V Fadanvis)


    Place: Nagpur Proprietor
    Ras Agro Processors
    Proprietor- Suvid Vijay Fadanvis
    Income & Expenditure Account as on 31.03.2019
    Expenditure Amount Income Amount
    Opening Stock In Trade 3,00,000.00 Gross Receipts for year 14,05,710.00
    Purchases 7,45,027.00
    Production Cost 1,72,823.00

    Closing Stock 3,10,000.00

    Gross Profit c/d 4,97,860.00


    17,15,710.00 17,15,710.00
    Wages & Salaries 87,600.00 Gross Profit b/d 4,97,860.00
    Godown & Workshop Rent 57,600.00
    Electricity 11,970.00
    Transportation 19,800.00
    Telephone 1,596.00
    Depreciation 27,000.00

    Net Profit 2,92,294.00

    4,97,860.00 4,97,860.00

    For Ras Agro Preocessors

    Date: ( Suvid V Fadanvis)


    Place: Nagpur Proprietor
    Ras Agro Processors
    Proprietor- Suvid Vijay Fadanvis
    Income & Expenditure Account as on 31.03.2021 (Projected)
    Expenditure Amount Income Amount
    Opening Stock In Trade 2,35,000.00 Gross Receipts for year 18,50,000.00
    Purchases 10,00,000.00
    Production Cost 2,40,000.00

    Closing Stock 3,00,000.00

    Gross Profit c/d 6,75,000.00


    21,50,000.00 21,50,000.00
    Wages & Salaries 96,000.00 Gross Profit b/d 6,75,000.00
    Godown & Workshop Rent 58,800.00
    Electricity 14,000.00
    Transportation 16,000.00
    Telephone 12,500.00
    Depreciation 23,760.00

    Net Profit 4,53,940.00

    6,75,000.00 6,75,000.00

    For Ras Agro Preocessors

    Date: ( Suvid V Fadanvis)


    Place: Nagpur Proprietor
    Ras Agro Processors
    Proprietor- Suvid Vijay Fadanvis
    Balance Sheet as at 31.03.2020
    Liablity Amount Asset Amount
    Capital Account Fixed Assets 1,74,240.00
    Opening Balance 7,52,487.27
    Addition During Year - Deposits with Bank 40,000.00
    Net Profit During Year 3,60,224.20 Investments 2,35,924.71
    Withdrawls During Year 3,48,753.33
    7,63,958.14 Current Asset
    Cash in Hand & at bank 20,708.00
    Working Capital Loan 2,00,000.00 Stock In Trade 2,35,000.00
    Unsecured Loan - Other Current Assets 2,30,000.00
    Personal Loan 41,602.00 To Mrs. Fadanvis 1,00,072.80
    Sundry Creditors 30,385.37

    10,35,945.51 10,35,945.51

    For Ras Agro Preocessors

    Date: ( Suvid V Fadanvis)


    Place: Nagpur Proprietor
    Ras Agro Processors
    Proprietor- Suvid Vijay Fadanvis
    Balance Sheet as at 31.03.2020
    Liablity Amount Asset Amount
    Capital Account Fixed Assets 1,98,000.00
    Opening Balance 8,08,945.00
    Addition During Year - Deposits with Bank 40,000.00
    Net Profit During Year 2,92,294.00 Investments 1,54,288.00
    Withdrawls During Year 3,48,753.00
    7,52,486.00 Current Asset
    Cash in Hand & at bank 43,484.00
    Working Capital Loan 2,00,000.00 Stock In Trade 3,10,000.00
    Unsecured Loan - Other Current Assets 2,30,000.00
    Personal Loan 63,973.00 To Mrs. Fadanvis 60,072.00
    Sundry Creditors 19,385.00

    10,35,844.00 10,35,844.00

    For Ras Agro Preocessors

    Date: ( Suvid V Fadanvis)


    Place: Nagpur Proprietor
    Ras Agro Processors
    Proprietor- Suvid Vijay Fadanvis
    Balance Sheet as at 31.03.2021 ( Projected)
    Liablity Amount Asset Amount
    Capital Account Fixed Assets 3,00,480.00
    Opening Balance 7,63,958.14
    Addition During Year 1,50,000.00 Deposits with Bank 60,000.00
    Net Profit During Year 4,53,940.00 Investments 2,35,924.51
    Withdrawls During Year 4,50,000.00
    9,17,898.14 Current Asset
    Cash in Hand & at bank 30,000.00
    Working Capital Loan 2,00,000.00 Stock In Trade 3,00,000.00
    Term Loan 36,700.00 Other Current Assets 2,30,000.00
    Personal Loan 29,475.00 To Mrs. Fadanvis 58,054.00
    Sundry Creditors 30,385.37

    12,14,458.51 12,14,458.51

    For Ras Agro Preocessors

    Date: ( Suvid V Fadanvis)


    Place: Nagpur Proprietor
    Ras Agro Processors
    Proprietor- Suvid Vijay Fadanvis
    Income & Expenditure Account as on 31.03.2021
    Expenditure Amount Income Amount
    Opening Stock In Trade 2,35,000.00 Gross Receipts for year 20,00,000.00
    Purchases 11,00,000.00
    Production Cost 2,40,000.00

    Closing Stock 3,00,000.00

    Gross Profit c/d 7,25,000.00


    23,00,000.00 23,00,000.00
    Wages & Salaries 96,000.00 Gross Profit b/d 7,25,000.00
    Godown & Workshop Rent 58,800.00
    Electricity 14,000.00
    Transportation 16,000.00
    Telephone 12,500.00
    Depreciation 23,760.00

    Net Profit 5,03,940.00

    7,25,000.00 7,25,000.00

    For Ras Agro Preocessors

    Date: ( Suvid V Fadanvis)


    Place: Nagpur Proprietor
    Ras Agro Processors
    Proprietor- Suvid Vijay Fadanvis
    Balance Sheet as at 31.03.2021
    Liablity Amount Asset Amount
    Capital Account Fixed Assets 1,50,480.00
    Opening Balance 7,63,958.14
    Addition During Year Deposits with Bank 60,000.00
    Net Profit During Year 5,03,940.00 Investments 1,93,978.51
    Withdrawls During Year 6,00,000.00
    6,67,898.14 Current Asset
    Cash in Hand & at bank 30,000.00
    Working Capital Loan 2,00,000.00 Stock In Trade 3,00,000.00
    Term Loan 36,700.00 Other Current Assets 2,30,000.00
    Personal Loan 29,475.00
    Sundry Creditors 30,385.37

    9,64,458.51 9,64,458.51

    For Ras Agro Preocessors

    Date: ( Suvid V Fadanvis)


    Place: Nagpur Proprietor
    Ras Agro Processors
    Proprietor- Suvid Vijay Fadanvis
    Income & Expenditure Account as on 31.03.2022 (Projected)
    Expenditure Amount Income Amount
    Opening Stock In Trade 3,00,000.00 Gross Receipts for year 22,00,000.00
    Purchases 12,00,000.00
    Production Cost 2,40,000.00

    Closing Stock 3,00,000.00

    Gross Profit c/d 7,60,000.00


    25,00,000.00 25,00,000.00
    Wages & Salaries 96,000.00 Gross Profit b/d 7,60,000.00
    Godown & Workshop Rent 58,800.00
    Electricity 14,000.00
    Transportation 16,000.00
    Telephone 12,500.00
    Depreciation 23,760.00

    Net Profit 5,38,940.00

    7,60,000.00 7,60,000.00

    For Ras Agro Preocessors

    Date: ( Suvid V Fadanvis)


    Place: Nagpur Proprietor
    Ras Agro Processors
    Proprietor- Suvid Vijay Fadanvis
    Balance Sheet as at 31.03.2022 ( Projected)
    Liablity Amount Asset Amount
    Capital Account Fixed Assets 1,26,720.00
    Opening Balance 7,63,958.14
    Addition During Year Deposits with Bank 1,00,000.00
    Net Profit During Year 5,38,940.00 Investments 2,50,000.00
    Withdrawls During Year 5,00,000.00
    8,02,898.14 Current Asset
    Cash in Hand & at bank 72,878.14
    Working Capital Loan 2,00,000.00 Stock In Trade 3,00,000.00
    Term Loan 36,700.00 Other Current Assets 2,30,000.00
    Personal Loan 0.00
    Sundry Creditors 40,000.00

    10,79,598.14 10,79,598.14

    For Ras Agro Preocessors

    Date: ( Suvid V Fadanvis)


    Place: Nagpur Proprietor
    0.00

    You might also like