Iqra's Company

Pakistan
Balance Sheet
For 1-Jul-2022

as at 1-Jul-2022

Assets :

Fixed Assets 3,48,300.00

Equipment 49,000.00
Furniture and Fixture 1,00,000.00
Machinery 1,99,300.00

Current Assets 5,20,600.00

Closing Stock
Sundry Debtors 64,600.00
Cash-in-hand 2,000.00
Bank Accounts 3,44,000.00
Other Assets 60,000.00
Stock 50,000.00

Total 8,68,900.00
Liabilities :

Capital Account 3,00,000.00

Iqra's Capital 3,00,000.00

Loans (Liability) 3,30,000.00

Secured Loans 30,000.00
Unsecured Loans 3,00,000.00

Current Liabilities 2,18,600.00

Sundry Creditors 53,600.00
Other Laibilites 40,000.00
Salary Payable 25,000.00
Unearned Liability 60,000.00
Utility Liabilities 40,000.00

Profit & Loss A/c 20,300.00

Opening Balance
Current Period 20,300.00

Total 8,68,900.00
 Iqra's Company
Pakistan

Contra Voucher
No. : 1 Dated : 1-Jul-2022

Particulars Debit Credit

To Mezan Bank 20,000.00
Allied Bank Dr 20,000.00

On Account of :
to record: transfer money
mezan bank to allied
bank
Rs. 20,000.00 Rs. 20,000.00

Authorised Signatory
 Iqra's Company
Pakistan

Contra Voucher
No. : 2 Dated : 1-Jul-2022

Particulars Debit Credit

To Mezan Bank 2,000.00
Cash Dr 2,000.00

On Account of :
to record: withdraw cash
to bank
Rs. 2,000.00 Rs. 2,000.00

Authorised Signatory
 Iqra's Company
Pakistan
Day Book
For 1-Jul-2022

Date Particulars Vch Type Vch No. Debit Amount Credit Amount
Inwards Qty Outwards Qty
1-7-2022 Mezan Bank Contra 1 20,000.00
1-7-2022 Mezan Bank Contra 2 2,000.00
1-7-2022 Mr A Payment 1 10,000.00
1-7-2022 Mr B Payment 2 6,000.00
1-7-2022 Mr C Payment 3 4,000.00
1-7-2022 Andry Receipt 1 20,000.00
1-7-2022 Dray Receipt 2 6,000.00
1-7-2022 Fary Receipt 3 10,000.00
1-7-2022 Depreciation Expense Journal 1 1,000.00
1-7-2022 Depreciation Expense Journal 2 700.00
1-7-2022 Salary Expense Journal 3 5,000.00
1-7-2022 Andry Sales 1 10,000.00
1-7-2022 Dray Sales 2 3,000.00
1-7-2022 Fary Sales 3 5,000.00
1-7-2022 Hary Sales 4 3,000.00
1-7-2022 Gary Sales 5 5,000.00
1-7-2022 Iary Sales 6 2,500.00
1-7-2022 Jary Sales 7 2,500.00
1-7-2022 Suary Sales 8 800.00
1-7-2022 Tary Sales 9 2,000.00
1-7-2022 Uary Sales 10 30,000.00
1-7-2022 Mr A Purchase 1 10,000.00
1-7-2022 Mr B Purchase 2 3,000.00
1-7-2022 Mr C Purchase 3 2,000.00
1-7-2022 Mr D Purchase 4 4,000.00
1-7-2022 Mr E Purchase 5 2,000.00
1-7-2022 Mr F Purchase 6 9,000.00
1-7-2022 Mr G Purchase 7 1,000.00
1-7-2022 Mr I Purchase 8 800.00
1-7-2022 Mr J Purchase 9 2,000.00
1-7-2022 Mr K Purchase 10 3,000.00
 Iqra's Company
Pakistan

Journal Voucher
No. : 2 Dated : 1-Jul-2022

Particulars Debit Credit

Depreciation Expense Dr 700.00
To Machinery 700.00

On Account of :
to record: machinery
depreciation expense
Rs. 700.00 Rs. 700.00

Authorised Signatory
 Iqra's Company
Pakistan

Journal Voucher
No. : 1 Dated : 1-Jul-2022

Particulars Debit Credit

Depreciation Expense Dr 1,000.00
To Equipment 1,000.00

On Account of :
to record: equipment
depreciation expense
Rs. 1,000.00 Rs. 1,000.00

Authorised Signatory
 Iqra's Company
Pakistan
List of Ledgers
For 1-Jul-2022

Branch / Divisions
Capital Account
Reserves & Surplus (Retained Earnings)
Iqra's Capital
Current Assets
Bank Accounts
Allied Bank
Bank Accounts
Mezan Bank
Cash-in-hand
Cash
Deposits (Asset)
Loans & Advances (Asset)
Stock-in-hand
Opening Stock
Sundry Debtors
Andry
Dray
Fary
Gary
Hary
Iary
Jary
Suary
Tary
Uary
Closing Stock
Other Assets
Stock
Current Liabilities
Duties & Taxes
Provisions
Sundry Creditors
Mr A
Mr B
Mr C
Mr D
Mr E
Mr F
Mr G
Mr I
Mr J
Mr K
Other Laibilites
Salary Payable
Unearned Liability
Utility Liabilities
Direct Expenses (Expenses (Direct))
Salary Expense
Direct Incomes (Income (Direct))
Fixed Assets
Allowance for Depreciation
Equipment
Furniture and Fixture

continued ...
Iqra's Company
List of Ledgers : For 1-Jul-2022
Machinery
Indirect Expenses (Expenses (Indirect))
Depreciation Expense
Indirect Incomes (Income (Indirect))
Investments
Loans (Liability)
Bank OD A/c (Bank OCC A/c)
Secured Loans
Secured Loans
Unsecured Loans
Unsecured Loans
Misc. Expenses (ASSET)
Purchase Accounts
Purchase
Sales Accounts
Sales
Suspense A/c
Profit & Loss A/c
28 Group(s) and 44 Ledger(s)
 Iqra's Company
Pakistan

Payment Voucher
No. : 1 Dated : 1-Jul-2022

Particulars Amount
Account :
Mr A 10,000.00
Agst Ref 001 10,000.00 Dr

Through :
Mezan Bank
On Account of :
to record: payment by cheque to creditor
Mr. A
Amount (in words) :
Pakistani Rupee Ten Thousand Only
Rs. 10,000.00

Receiver's Signature: Authorised Signatory

 Iqra's Company
Pakistan

Payment Voucher
No. : 2 Dated : 1-Jul-2022

Particulars Amount
Account :
Mr B 6,000.00
Agst Ref 002 3,000.00 Dr
On Account 3,000.00 Dr

Through :
Allied Bank
On Account of :
to record: payment by cheque to creditor
Mr B
Amount (in words) :
Pakistani Rupee Six Thousand Only
Rs. 6,000.00

Receiver's Signature: Authorised Signatory

 Iqra's Company
Pakistan

Payment Voucher
No. : 3 Dated : 1-Jul-2022

Particulars Amount
Account :
Mr C 4,000.00

Through :
Mezan Bank
On Account of :
to record: payment by cheque to creditor
Mr C
Amount (in words) :
Pakistani Rupee Four Thousand Only
Rs. 4,000.00

Receiver's Signature: Authorised Signatory

 Iqra's Company
Pakistan
Profit & Loss A/c
For 1-Jul-2022

Particulars For 1-Jul-2022 Particulars For 1-Jul-2022

Purchase Accounts 36,800.00 Sales Accounts 63,800.00

Purchase 36,800.00 Sales 63,800.00

Direct Expenses 5,000.00

Salary Expense 5,000.00

Gross Profit c/o 22,000.00

63,800.00 63,800.00

Indirect Expenses 1,700.00 Gross Profit b/f 22,000.00

Depreciation Expense 1,700.00

Nett Profit 20,300.00

Total 22,000.00 Total 22,000.00

 Iqra's Company
Pakistan
Ratio Analysis
For 1-Jul-2022

Principal Groups For 1-Jul-2022 Principal Ratios For 1-Jul-2022

Working Capital 3,02,000.00 Dr Current Ratio 2.38 : 1
(Current Assets-Current Liabilities) (Current Assets : Current Liabilities)
Cash-in-hand 2,000.00 Dr Quick Ratio 2.38 : 1
Bank Accounts 3,44,000.00 Dr (Current Assets-Stock-in-hand : Current Liabilities)
Bank OD A/c Debt/Equity Ratio 1.03 : 1
(Loans (Liability) : Capital Account + Nett Profit)
Sundry Debtors 64,600.00 Dr
(due till today) 64,600.00 Dr Gross Profit % 34.48 %
Sundry Creditors 53,600.00 Cr Nett Profit % 31.82 %
(due till today) 55,600.00 Cr Operating Cost % 68.18 %
(as percentage of Sales Accounts)
Sales Accounts 63,800.00 Cr
Purchase Accounts 36,800.00 Dr Recv. Turnover in days 1.01 days
Stock-in-hand (payment performance of Debtors)
Nett Profit 20,300.00 Cr Return on Investment % 6.34 %
Wkg. Capital Turnover 0.21 (Nett Profit / Capital Account + Nett Profit )
(Sales Accounts / Working Capital) Return on Wkg. Capital % 6.72 %
Inventory Turnover 0.00 (Nett Profit / Working Capital) %
(Sales Accounts / Closing Stock)
 Iqra's Company
Pakistan

Receipt Voucher
No. : 1 Dated : 1-Jul-2022

Particulars Amount
Account :
Andry 20,000.00

Through :
Allied Bank
On Account of :
to record: recived for cheque to debetors Andry
Amount (in words) :
Pakistani Rupee Twenty Thousand Only
Rs. 20,000.00

Authorised Signatory
 Iqra's Company
Pakistan

Receipt Voucher
No. : 2 Dated : 1-Jul-2022

Particulars Amount
Account :
Dray 6,000.00

Through :
Mezan Bank
On Account of :
to record: recived for cheque to debtors dary
Amount (in words) :
Pakistani Rupee Six Thousand Only
Rs. 6,000.00

Authorised Signatory
 Iqra's Company
Pakistan

Receipt Voucher
No. : 3 Dated : 1-Jul-2022

Particulars Amount
Account :
Fary 10,000.00

Through :
Allied Bank
On Account of :
to record: recived for cheque to debtors fary
Amount (in words) :
Pakistani Rupee Ten Thousand Only
Rs. 10,000.00

Authorised Signatory
 Iqra's Company
Pakistan

Journal Voucher
No. : 3 Dated : 1-Jul-2022

Particulars Debit Credit

Salary Expense Dr 5,000.00
To Salary Payable 5,000.00

On Account of :
to record: salaries
payable
Rs. 5,000.00 Rs. 5,000.00

Authorised Signatory
 Iqra's Company
Pakistan
Trial Balance
For 1-Jul-2022

Particulars Closing Balance

Debit Credit

Capital Account 3,00,000.00

Iqra's Capital 3,00,000.00
Loans (Liability) 3,30,000.00
Secured Loans 30,000.00
Unsecured Loans 3,00,000.00
Current Liabilities 2,18,600.00
Sundry Creditors 53,600.00
Other Laibilites 40,000.00
Salary Payable 25,000.00
Unearned Liability 60,000.00
Utility Liabilities 40,000.00
Fixed Assets 3,48,300.00
Equipment 49,000.00
Furniture and Fixture 1,00,000.00
Machinery 1,99,300.00
Current Assets 5,20,600.00
Sundry Debtors 64,600.00
Cash-in-hand 2,000.00
Bank Accounts 3,44,000.00
Other Assets 60,000.00
Stock 50,000.00
Sales Accounts 63,800.00
Sales 63,800.00
Purchase Accounts 36,800.00
Purchase 36,800.00
Direct Expenses 5,000.00
Salary Expense 5,000.00
Indirect Expenses 1,700.00
Depreciation Expense 1,700.00
Grand Total 9,12,400.00 9,12,400.00