Scribd Logo
Upload

Welcome to Scribd!

  • Mi

    Uploaded by

    repix11875
    3 views1 page
    The profit and loss account for the year ended March 31, 2023 shows a net profit of Rs. 3,322.72 which was transferred to the capital account. The balance sheet on the same date lists total assets of Rs. 3,134,767.34 including fixed assets of Rs. 3,221,668 and current assets of Rs. 330,335.52. Liabilities include a capital account of Rs. 2,074,767.34 and unsecured loans totaling Rs. 1,060,000.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    XLS, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The profit and loss account for the year ended March 31, 2023 shows a net profit of Rs. 3,322.72 which was transferred to the capital account. The balance sheet on the same date lists total assets of Rs. 3,134,767.34 including fixed assets of Rs. 3,221,668 and current assets of Rs. 330,335.52. Liabilities include a capital account of Rs. 2,074,767.34 and unsecured loans totaling Rs. 1,060,000.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views1 page

    Mi

    Uploaded by

    repix11875
    The profit and loss account for the year ended March 31, 2023 shows a net profit of Rs. 3,322.72 which was transferred to the capital account. The balance sheet on the same date lists total assets of Rs. 3,134,767.34 including fixed assets of Rs. 3,221,668 and current assets of Rs. 330,335.52. Liabilities include a capital account of Rs. 2,074,767.34 and unsecured loans totaling Rs. 1,060,000.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Profit & Loss Account for the Year Ended 31st March, 2023

    Particulars Amount Particulars Amount


    To Bank Charges 254.28 By Income From Firm
    By Bank Interest 3,577.00

    To Net Profit
    -- transferred to capital a/c 3,322.72
    3,577.00 3,577.00

    Balance Sheet as at 31st March, 2023


    Liabilities Amount Amount
    Capital Account : Fixed Assets:
    Opening Balance Jewellary 87,860.00
    Add : Net Profit 3,322.72 Land-Dag No-5461 985,000.00
    Add : Gas Subsidy 160.56 Land-Dag No.-1225 303,270.00
    Add : LIC 459,842.00 Land 1,490,642.00
    Add : Gift From Relative 2,000,000.00 3,221,668.00
    Less : Income Tax 196,895.00 51,300.00
    Less : Drawings 191,662.94 1,868,000.00
    2,074,767.34
    Investment:
    #REF!
    Unsecured Loans:
    Rejina Yasmin Jamadar 560,000.00 Current Assets:
    #REF!
    Madina Textiles 500,000.00 Advance Tax 2022-23 #REF!

    18,369.30
    330,335.52
    Cash in Hand #REF!
    3,134,767.34 3,134,767.34

    You might also like