NANTU MAITY

TAKLA, KHURSHI, NARAYANGARH, PASCHIM MEDINIPUR

WEST BENGAL - 721437

ESTIMATED TRADING AND PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH - 2020

PARTICULARS Rs. PARTICULARS Rs.

TO OPENING STOCK 574830.00 BY SALES ACCOUNT 2500000.00
,, PURCHASE ACCOUNT 1950000.00
,, CARRIAGE IN-WARD 16000.00 ,, CLOSING STOCK 1000000.00

,, GROSS PROFIT C/D 959170.00

(Transfer to P & L Account)
3500000.00 3500000.00
TO ELECTRIC CHARGES 32000.00 BY GROSS PROFIT B/D 959170.00
,, STAFF SALARY & BONUS 478000.00 (Transfer from Trading A/c.)
,, BANK CHARGE & INTEREST 20000.00
,, TRAVELLING EXPENSES 15000.00
,, TELEPHONE CHARGES 6000.00
,, PRINTING & STATIONERY 1000.00
,, REPAIR & MAINTENANCE 4000.00
,, GENERAL EXPENSES 12000.00
,, RATES & TAXES 2000.00

,, NET PROFIT 389170.00

(Transfer to Balance Sheet)
959170.00 959170.00

ESTIMATED BALANCE SHEET AS AT 31ST MARCH - 2020

LIABILITIES Rs. Rs. ASSETS Rs. Rs.

CAPITAL ACCOUNT FIXED ASSETS
Opening Balane 680361.00 Land Account 51975.00
Add:- Net Profit 389170.00 Furniture & Fixture 76500.00
Add:- Interest & Other Income 2000.00 Motor Cycle 58202.00
1071531.00 186677.00
LESS:- DRAWINGS
Personal Exp. & E.T.C. 150000.00
921531.00 CURRENT ASSETS
Stock in Trade 1000000.00
SECURED LOAN 500000.00 Sundry Debtors 200000.00
Loan from Bank 1200000.00

CURRENT LIABILITIES 30000.00 CASH IN HAND & BANK 64854.00

Sundry Creditors

1451531.00 1451531.00
 NANTU MAITY
TAKLA, KHURSHI, NARAYANGARH, PASCHIM MEDINIPUR
WEST BENGAL - 721437

PROJECTED TRADING AND PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH - 2021

PARTICULARS Rs. PARTICULARS Rs.

TO OPENING STOCK 1000000.00 BY SALES ACCOUNT 3500000.00
,, PURCHASE ACCOUNT 2650000.00
,, CARRIAGE IN-WARD 18000.00 ,, CLOSING STOCK 1200000.00

,, GROSS PROFIT C/D 1032000.00

(Transfer to P & L Account)
4700000.00 4700000.00
TO ELECTRIC CHARGES 34000.00 BY GROSS PROFIT B/D 1032000.00
,, STAFF SALARY & BONUS 480000.00 (Transfer from Trading A/c.)
,, BANK CHARGE & INTEREST 60000.00
,, TRAVELLING EXPENSES 16000.00
,, TELEPHONE CHARGES 6500.00
,, PRINTING & STATIONERY 1500.00
,, REPAIR & MAINTENANCE 5000.00
,, GENERAL EXPENSES 14000.00
,, RATES & TAXES 2500.00

,, NET PROFIT 412500.00

(Transfer to Balance Sheet)
1032000.00 1032000.00

PROJECTED BALANCE SHEET AS AT 31ST MARCH - 2021

LIABILITIES Rs. Rs. ASSETS Rs. Rs.

CAPITAL ACCOUNT FIXED ASSETS
Opening Balane 921531.00 Land Account 51975.00
Add:- Net Profit 412500.00 Furniture & Fixture 76500.00
Add:- Interest & Other Income 5000.00 Motor Cycle 58202.00
1339031.00 186677.00
LESS:- DRAWINGS
Personal Exp. & E.T.C. 180000.00
1159031.00 CURRENT ASSETS
Stock in Trade 1200000.00
SECURED LOAN 500000.00 Sundry Debtors 250000.00
Loan from Bank 1450000.00

CURRENT LIABILITIES 20000.00 CASH IN HAND & BANK 42354.00

Sundry Creditors
1679031.00 1679031.00