SYSCON COMPUTERS LTD.

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Name Syscon Computers Ltd.

Mailing Name Syscon Computers Ltd.

Address Al Mina Road - 2nd December St -

Jumeirah 1 - Dubai - United Arab Emirates
E-mail Address contact@syscon.com

Website www.sysconcomputers.com

Financial Year Beginning From 01/04/2022

Books Beginning From 01/10/2022

TRN 100123456789012
F11:FEATURES
SLNO DATE TRANSACTIONS
OCTOBER 2020

1 01-10-2022 The Directors of the company decided to issue 500000 equity shares at AED 10
each (AED 5000000) in the form of Equity Share Capital.
The company opened an account with Emirates NBD Bank and deposited the
amount.

2 Preliminary Expenses of AED100000 incurred by promoters was

04-10-2022 reimbursed to them by issuing a cheque.

Note: As per Company policy, Preliminary Expenses are charged to Profit &
Loss A/c over a period of 5 years, that is 20% every year.

3 06-10-2022 The company rented a building (monthly rent AED 15000) with three
Godown and paid a security deposit of AED 15000 by cheque.
The company decided to name the three Godown as Raw Material
Godown, Assembling Godown and Finished Goods Godown.

4 08-10-2022 The Directors applied for 2 lines of telephone connections and paid a
security deposit of AED 2000 by cheque.

5 10-10-2022 To commence operations, the company purchased the following assets by

issuing a cheque from Avion Traders, Al Quoz Ind 4, Dubai, UAE. TRN:
100365645789865. Invoice No: AT/298

VAT @ 5% is applicable for the purchase of assets.

o Static Electricity Resistant Gloves AED 40000

o Voltage Parameter Testing (VPT) Meter AED30000
o Electrical Fittings AED 20000
o Computer (Administration) AED 40000
o Assembling Tables AED 50000
o Furniture and Fixtures AED 50000

6 13-10-2022 The company withdrew AED 150000 from the bank for office use, out of
which AED 50000 was advanced to the petty cashier.
7 17-10-2022 The company purchased Raw Materials on 30 days’ credit from UltraTech
Computers, Green Corner Building, Riqqa Road, Dubai, UAE.
TRN:100984565234568 with VAT @ 5% and stored them in Raw Materials
Godown. Invoice No: UTC/654

Item Quantity Rate Value

Hard Disk 200 AED 2,300 AED 4,60,000
Monitor 200 AED 3,500 AED 7,00,000
Processor
100 AED 3,700 AED 3,70,000
(Athlon)

Processor(P4) 100 AED 5,700 AED 5,70,000

Keyboard 200 AED 200 AED 40,000

Mouse 200 AED 150 AED 30,000

Motherboard 200 AED 3,200 AED 6,40,000

8 19-10-2022 The following items were transferred from Raw Material Godown to
Assembling Godown.

Items Quantity
Monitor 50
Processor Athlon 25
Processor P4 25
Hard Disk 50
Keyboard 50
Mouse 50
Motherboard 50

Note 1: Use Stock Journal Alt + F7.

 Syscon Computers Ltd.
Al Mina Road - 2nd December St -

Jumeirah 1 - Dubai - United Arab Emirates

Emirate: Dubai
Trial Balance
1-Oct-22 to 31-Oct-22

Syscon Computers Ltd.

1-Oct-22 to 31-Oct-22
Closing Balance
Particulars
Debit Credit

Capital Account 5000000.00

Equity Share Capital 5000000.00
Current Liabilities 140500.00 2950500.00
Duties & Taxes 140500.00
Sundry Creditors 2950500.00
Fixed Assets 230000.00
Assembling Tables 50000.00
Computer (Administration) 40000.00
Electrical Fittings 20000.00
Furniture and Fixtures 50000.00
Static Electricity Resistant Gloves 40000.00
Voltage Parameter Testing Meter 30000.00
Current Assets 4658500.00
Opening Stock
Deposits (Asset) 17000.00
Cash-in-Hand 150000.00
Bank Accounts 4491500.00
Misc. Expenses (ASSET) 100000.00
Preliminary Expenses 100000.00
Purchase Accounts 2810000.00
Domestic Taxable Purchases 2810000.00
Indirect Expenses 11500.00
Tax on Capital Goods 11500.00
Grand Total 7950500.00 7950500.00
SLNO DATE TRANSACTIONS
NOVEMBER 2022
9 1-11-2022 Salaries to staff for the month of October 2022: AED9000 (for 15
days)
Paid by cheque
EMPLOYEE SALARY
Rohan Rai 1750
Dilip Chari 1750
Preethi Raj 1500
Srinath 500
Paresh Shenoy 1500
Nitin Nagaraj 2000
Create cost category “salary”
10 1-11-2022 Petty Cashier submitted the statement of expenses for the month of
October 2022.
Electricity Expenses: AED 400
Conveyance Expenses: AED 800
Printing and Stationery Expenses: AED 2,400

11 3-11-2022 Paid rent AED 15000 by cheque

12 10-11-2022 To assemble one Computer P4, the following peripherals are

required.
Name of the
peripheral Quantity
Processor P4 1 no’s
Monitor 1 no’s
Motherboard 1 no’s
Hard Disk 1 no’s
Mouse 1 no’s
Keyboard 1 no’s

13 10-11-2022 The company Assembled 25 nos. of Computer P4 (Batch

Number: Batch P401) with the above-mentioned peripherals
and stored the same at Finished Goods Godown.
Incurred Wages: AED 30000
 Overheads (including power): AED2500 (Overheads are arrived
at AED100 per computer).

14 15-11-2022 To assemble one Computer Athlon, the following peripherals are

required
Name of the
peripheral Quantity
Processor Athlon 1
Monitor 1
Motherboard 1
Hard Disk 1
Mouse 1
Keyboard 1
15 15-11-2022 The company assembled 25 nos. of Computer Athlon (Batch
Number: Batch Ath01) with the above-mentioned peripherals and
stored them in Finished Goods Godown. Incurred Wages: AED
33000 and Overheads (including power): AED 2500.

16 17-11-2022 The above wages amounting to AED 63000 were paid by cheque.

17 24-11-2022 The company sold Computer P4 to Interfax Corporation, Office 105,

A.S.B. Tower, Dubai Silicon Oasis, Dubai TRN: 100123245654567
on credit of 15 days. Invoice No: SCL/101/2022-23.
(Batch Number: Batch P401)

Item Quantity Rate (AED) Value VAT

Computer P4 1 Nos 35000 35000 5%
18 28-11-2022 The company paid to UltraTech Computers AED 500000 as
part payment of bill dated 17-10-2022 by cheque.
 Syscon Computers Ltd.
Al Mina Road – St -

Jumeirah 1 - Dubai - United Arab Emirates

Emirate: Dubai
Trial Balance
1-Oct-22 to 30-Nov-22

Syscon Computers Ltd.

1-Oct-22 to 30-Nov-22
Particulars Closing Balance
Debit Credit

Capital Account 5000000.00

Equity Share Capital 5000000.00
Current Liabilities 138750.00 2450500.00
Duties & Taxes 138750.00
Sundry Creditors 2450500.00
Fixed Assets 230000.00
Assembling Tables 50000.00
Computer (Administration) 40000.00
Electrical Fittings 20000.00
Furniture and Fixtures 50000.00
Static Electricity Resistant Gloves 40000.00
Voltage Parameter Testing Meter 30000.00
Current Assets 4104650.00
Opening Stock
Deposits (Asset) 17000.00
Sundry Debtors 36750.00
Cash-in-Hand 146400.00
Bank Accounts 3904500.00
Misc. Expenses (ASSET) 100000.00
Preliminary Expenses 100000.00
Sales Accounts 35000.00
Domestic Taxable Supplies 35000.00
Purchase Accounts 2810000.00
Domestic Taxable Purchases 2810000.00
Direct Expenses 63000.00
Wages 63000.00
Indirect Expenses 39100.00
Conveyance A/C 800.00
Electricity Charges 400.00
Printing and Stationary 2400.00
RENT 15000.00
Salary 9000.00
Tax on Capital Goods 11500.00
Grand Total 7485500.00 7485500.00
SLNO DATE TRANSACTIONS
DECEMBER 2022
19 1-12-2022 Salaries to staff for the month of October 2022: AED 18000 Paid by
cheque
EMPLOYEE SALARY
Rohan Rai 3500
Dilip Chari 3500
Preethi Raj 3000
Srinath 1000
Paresh Shenoy 3000
Nitin Nagaraj 4000

20 1-12-2022 Petty Cashier submitted the statement of expenses for the month of
November 2022.
Telephone Expenses: AED1800
Electricity Expenses: AED 600
Conveyance Expenses: AED 950
Advertising Expenses: AED3000

21 3-12-2022 Paid rent AED 15000 by cheque

22 08-12-2022 Received cheque from Interfax Corporation in full settlement for bill
dated 24-11-2022.
23 09-12-2022 The following items were transferred from Raw Materials Godown to
Assembling Godown.
Name of the
peripheral Quantity
Processor Athlon 25
Monitor 50
Processor (P4) 25
Motherboard 50
Hard Disk 50
Mouse 50
Keyboard 50
 24 11-12-2022 The company received a sale order for 15 nos. of Computer Athlon
(Batch Number: Batch Ath01) from Informatics Pvt Ltd., Office
1002, Silver Tower, Business Bay, Dubai. TRN: 100236578984563
to be delivered on 16-12-2022 at AED 25000 each. Order No: IIP/01

25 13-12-2022 Sold to Toonz Animation, PO. Box Bldg 170, Rd 3, Muharraq,

Kingdom of Bahrain. TRN: 100354578651236, 10 nos. of Computer
Athlon on 15 days’ credit. Invoice No: SCL/102/2022-23

Item Quantity Rate Value

Computer
10
Athlon 25000 250000

26 14-12-2022 Raised a Purchase Order with Rheem Computers, Level 33 Al Saqr

Business Tower, Sheikh Zayed Road, Dubai. TRN:
100456578981256, with Order No: PO/001, due date 24-12-2022 for the
following items.

Items Quantity
Monitor 100
Hard Disk 100
Keyboard 100
Mouse 100
Motherboard 100
27 16-12-2022 The company delivered 15 Computer Athlon to Informatics Pvt Ltd. as
per the sales order IIP/01. Delivery tracking number DL/001

28 19-12-2022 Assembled 25 nos. of Computer Athlon and 25 nos. of Computer P4

(Batch Number: Batch P402, ath02) and stored in Finished Goods
Godown.
Wages
Computer P4: AED 22500
Computer Athlon: AED 15000
Overheads
Computer P4: AED 2500
Computer Athlon: AED 2500

29 20-12-2022 The above wages amounting to AED 37500 were paid by cheque.
30 23-12-2022 Informatics Pvt. Ltd. returned 2 nos. of Computer Athlon which were
delivered on 20-12-2022 as per Delivery Note DL/001 as they were
not as per specifications.

31 24-12-2022 Received from Rheem Computers, against order no: PO/001, as per
RN-01.

Items Quantity
Monitor 100
Hard Disk 100
Keyboard 100
Mouse 100
Motherboard 100

32 27-12-2022 Received cheque for AED 250000 from Toonz Animation in full
settlement for the sales dated 13-12-2020.

33 28-12-2022 Returned 5 nos. of Mouse, which were not as per specifications, to

Rheem Computers towards Receipt Note no. RN-01.
34 29-12-2022 A Sales Invoice was raised on Informatics Pvt. Ltd. for 13 nos. of
Computer Athlon retained by them and received a cheque for AED
341250. Invoice No: SCL/103/2022-23
 Syscon Computers Ltd.
Al Mina Road - 2nd December St -

Jumeirah 1 - Dubai - United Arab Emirates

Emirate: Dubai
Trial Balance
1-Oct-22 to 31-Dec-22

Syscon Computers Ltd.

1-Oct-22 to 31-Dec-22
Particulars Closing Balance
Debit Credit

Capital Account 5000000.00

Equity Share Capital 5000000.00
Current Liabilities 122500.00 2450500.00
Duties & Taxes 122500.00
Sundry Creditors 2450500.00
Fixed Assets 230000.00
Assembling Tables 50000.00
Computer (Administration) 40000.00
Electrical Fittings 20000.00
Furniture and Fixtures 50000.00
Static Electricity Resistant Gloves 40000.00
Voltage Parameter Testing Meter 30000.00
Current Assets 4619050.00
Opening Stock
Deposits (Asset) 17000.00
Sundry Debtors
Cash-in-Hand 140050.00
Bank Accounts 4462000.00
Misc. Expenses (ASSET) 100000.00
Preliminary Expenses 100000.00
Sales Accounts 610000.00
Domestic Taxable Supplies 360000.00
Intra GCC Supplies 250000.00
Purchase Accounts 2810000.00
Domestic Taxable Purchases 2810000.00
Direct Expenses 100500.00
Wages 100500.00
Indirect Expenses 78450.00
 Advertising Charges 3000.00
Conveyance A/C 1750.00
Electricity Charges 1000.00
Printing and Stationary 2400.00
RENT 30000.00
Salary 27000.00
Tax on Capital Goods 11500.00
Telephone Expenses 1800.00
Grand Total 8060500.00 8060500.00
SLNO DATE TRANSACTIONS
JANUARY 2020
35 01-01-2023 Sold the following items to Concord Packing Services, Dubai Marina,
Dubai U.A.E. TRN: 100254565781245
on credit of 20 days.

Terms and Conditions

Interest is applicable at 10% pa after due date and 12%

interest is further chargeable from 02-02-2023 onwards. Invoice No:
SCL/104/2022-23

Item Quantity Rate Value

Computer 25000 250000
10
Athlon
Batch Ath01
(2 no’s)
Batch Ath02
(8 no’s)

Computer P4 10 30000 300000

Batch P401

36 01-01-2023 Salaries to staff for the month of October 2020: AED 18000 Paid by
cheque
EMPLOYEE SALARY
Rohan Rai 3500
Dilip Chari 3500
Preethi Raj 3000
Srinath 1000
Paresh Shenoy 3000
Nitin Nagaraj 4000
37 02-01-2023 Petty Cashier submitted the statement of expenses for the month of Dec
2023.
Electricity Expenses: AED 500
Conveyance Expenses: AED1100
Selling and Distribution Expenses: AED1500
38 03-01-2023 Paid rent AED 15000 by cheque

39 04-01-2023 An unsecured loan of AED750000 taken from Smith & Brothers with simple
interest 10% pa. Interest to be paid quarterly. The amount was deposited in
the bank.
40 06-01-2023 Rheem Computers sent an invoice for the goods retained by the company
towards PO/001 dated 14-12-2022. The details are as follows. Invoice No:
RC/963

Items Quantity Rate

Monitor 100 AED 3,600
Hard Disk 100 AED 1000
Keyboard 100 AED 210
Motherboard 100 AED 3,100
Mouse 95 AED 140
41 07-01-2023 The following items were transferred from Raw Materials Godown to
Assembling Godown.
Name of the
peripheral Quantity
Processor Athlon 50
Monitor 100
Processor (P4) 50
Motherboard 100
Hard Disk 100
Mouse 100
Keyboard 100

42 09-01-2023 The company paid Rheem Computers AED 500000 by cheque as part
payment of invoice dated 5-1-2023.
43 12-01-2023 Purchased the following items from Spic-N-Span Traders, An Nakheel,
Riyadh 12399, Saudi Arabia. TRN: 100874545612325 on credit of 10
days. Invoice No: SNS/455

Items Quantity Rate

Processor P4 25 AED 5800
Processor Athlon 25 AED 3800
Mouse 10 AED 200

Note: Book Tax Liability for the Purchase.

44 15-01-2023 Cheque issued for AED 30000 to Petty Cash.

45 16-01-2023 The following item was sold to Acron Clothing Ltd, 22 Malacca Street
14-02 Royal Brothers Building, Singapore. On credit of 30 days. The
details are as follows. Invoice No: SCL/105/2022-23
Carriage outward paid AED 750.

Items Quantity Rate

Computer P4 15 $8500

Note: Exchange rate as on this date is AED 3/$.

46 17-01-2023 Paid to Spic-N-Span Traders settled full payment against the purchase
dated 12-01-2023.

47 19-01-2023 Paid UltraTech Computers AED 300000 by cheque as part payment for bill
dated 17-10-2022

48 22-01-2023 Assembled 25 nos. of Computer P4, 25 nos. of Computer Athlon. (Batch

Number: Batch P403, ath03)
Wages
Computer P4: 15000
Computer Athlon: 15000
Overheads
Computer P4: 1000
Computer Athlon: 1000
Assembled computers are stored in Finished Goods Godown.

Note: The above wages amounting to AED 30000 were paid by cheque.
49 27-01-2023 The company decides to make a price list, Price List 1, for the
following items.
Note: Create a Price List with effective date as on 27-01-2023.

Items Rate Discount

Computer P4 25000 10%
Computer
Athlon 30000 10%
50 28-01-2023 Company sold the following items to Golden Falcon Consultants, AL
satwa Dubai. TRN: 100326578963451. Price List 1 was used.
Also provided installation services worth AED 1000. (VAT @ 5%)
Invoice No: SCL/106/2022-23

Items Quantity
Computer P4 5

Syscon Computers
Al Mina Road -

Jumeirah 1 - Dubai - United Arab Emirates

Emirate : Dubai
Trial Balance
1-Apr-22 to 31-Jan-23
Syscon Computers
Particulars 1-Oct-22 to 31-Jan-23
Closing Balance
Debit Credit
Capital Account 5000000.00
Equity Share Capital 5000000.00
Loans (Liability) 750000.00
Unsecured Loans 750000.00
Current Liabilities 117440.00 2495015.00
Duties & Taxes 117440.00
Sundry Creditors 2495015.00
Fixed Assets 230000.00
Assembling Tables 50000.00
Computer (Admin) 40000.00
Electrical Fittings 20000.00
Furnitures and Fixtures 50000.00
SER Gloves 40000.00
VPT Meter 30000.00
Current Assets 5352225.00
Opening Stock
Deposits (Asset) 17000.00
Sundry Debtors 1079175.00
Cash-in-Hand 166950.00
Bank Accounts 4077000.00
Tax on Intra GCC Purchase 12100.00
Misc. Expenses (ASSET) 100000.00
Preliminary Expense 100000.00
Sales Accounts 1655000.00
Domestic Taxable Supplies 1022500.00
Export 382500.00
Intra GCC Supplies 250000.00
Purchase Accounts 3856300.00
Domestic Taxable Purchase 3614300.00
Intra GCC Taxable Purchase 242000.00
Direct Expenses 130500.00
Wages 130500.00
Indirect Incomes 1000.00
Installation Services 1000.00
Indirect Expenses 114550.00 750.00
Advertising Expenses 3000.00
Carriage Outward 750.00
Conveyance Expense 2850.00
Electricity Expense 1500.00
Printing and Stationary 2400.00
Rent 45000.00
Salary 45000.00
Selling and Distribution 1500.00
Tax on Capital Goods 11500.00
Telephone Expenses 1800.00
Unadjusted Forex Gain/Loss 750.00
Grand Total 9901765.00 9901765.00
SLNO DATE TRANSACTIONS
FEBRUARY 2023
51 01-02-2023 Salaries to staff for the month of October 2020: AED 18000 Paid by
cheque
EMPLOYEE SALARY
Rohan Rai 3500
Dilip Chari 3500
Preethi Raj 3000
Srinath 1000
Paresh Shenoy 3000
Nitin Nagaraj 4000
52 01-02-2023 Petty Cashier submitted the statement of expenses for the month of
January 2023.
Telephone Expenses: AED1650
Electricity Expenses (Office): AED530
Conveyance Expenses: AED1000
Printing and Stationery Expenses: AED1000

53 02-02-2023 Paid rent AED 15000 by cheque

54 05-02-2023 Transferred the following items from Raw Materials Godown to

Assembling Godown
Name of the
peripheral Quantity
Processor Athlon 25
Monitor 50
Processor (P4) 25
Motherboard 50
Hard Disk 50
Mouse 50
Keyboard 50
55 09-02-2023 Received payment from Acron Clothing Ltd., Singapore, through
cheque amounting to $127500 and Bank Charges of AED 2500.
Credited the same into company’s account.

Note: Exchange rate as on this date is AED 4/$.

56 16-02-2023 The company paid to UltraTech Computers AED 500000 as
part payment of bill dated 17-10-2023 by cheque.

57 20-02-2023 Purchased goods from SoftDesk Systems, 64 Neville Street,

Burton Fleming, UK. Invoice No: SDS/546

Items Quantity Rate

Processor
(P4) 10 6500

Note: Customs duty of AED 14500 applies. (Import Permit Number is

5632)
58 23-02-2023 Store keeper, after physical stock verification in Raw Materials
Godown, found that the stock of Mouse was 53 nos. This is adjusted
by passing physical stock voucher.
59 25-02-2023 Company invested AED1400000 in 6% Bonds, Interest Receivable
half-yearly (payment made through cheque).
 Syscon Computers
Al Mina Road - St -

Jumeirah 1 - Dubai - United Arab Emirates

Emirate : Dubai
Trial Balance
1-Oct-22 to 28-Feb-23
Syscon Computers
Particulars 1-Oct-22 to 28-Feb-23
Closing Balance
Debit Credit
Capital Account 5000000.00
Equity Share Capital 5000000.00
Loans (Liability) 750000.00
Unsecured Loans 750000.00
Current Liabilities 117440.00 2060015.00
Duties & Taxes 117440.00
Sundry Creditors 2060015.00
Fixed Assets 230000.00
Assembling Tables 50000.00
Computer (Admin) 40000.00
Electrical Fittings 20000.00
Furnitures and Fixtures 50000.00
SER Gloves 40000.00
VPT Meter 30000.00
Investments 1400000.00
Bond @ 16% 1400000.00
Current Assets 3540045.00
Opening Stock
Deposits (Asset) 17000.00
Sundry Debtors 696675.00
Cash-in-Hand 162770.00
Bank Accounts 2637000.00
Tax on Intra GCC Purchase 12100.00
Tax Paid to Customs 14500.00
Misc. Expenses (ASSET) 100000.00
Preliminary Expense 100000.00
Sales Accounts 1655000.00
Domestic Taxable Supplies 1022500.00
Export 382500.00
Intra GCC Supplies 250000.00
Purchase Accounts 3921300.00
Domestic Taxable Purchase 3614300.00
 Import Taxable 65000.00
Intra GCC Taxable Purchase 242000.00
Direct Expenses 130500.00
Wages 130500.00
Indirect Incomes 1000.00
Installation Services 1000.00
Indirect Expenses 154230.00 750.00
Advertising Expenses 3000.00
Bank Charges 2500.00
Carriage Outward 750.00
Conveyance Expense 3850.00
Electricity Expense 2030.00
Printing and Stationary 3400.00
Rent 60000.00
Salary 63000.00
Selling and Distribution 1500.00
Tax on Capital Goods 11500.00
Telephone Expenses 3450.00
Unadjusted Forex Gain/Loss 126750.00
Grand Total 9593515.00 9593515.00
SLNO DATE TRANSACTIONS
MARCH 2021
60 01-03-2023 Received a cheque from Concord Packing Services with Interest in full
settlement towards bill dated 01-01-2023.

Note: Alter Debit Note by defining name of class as Simple Interest and
set Use Class for Interest Accounting in voucher type class to Yes.
61 02-03-2023 Cheque issued for AED 40000 to Petty Cash

62 03-03-2023 Salaries to staff for the month of October 2023: AED 18000 Paid by
cheque

EMPLOYEE SALARY
Rohan Rai 3500
Dilip Chari 3500
Preethi Raj 3000
Srinath 1000
Paresh Shenoy 3000
Nitin Nagaraj 4000
63 10-03-2023 Petty Cashier submitted the statement of expenses for the month of
February 2023.
Electricity Expenses (Office): AED 480
Conveyance Expenses: AED 1200
Carriage Outward Expenses: AED750

64 12-03-2023 Paid rent AED 15000 by cheque

65 22-03-2023 Pass a necessary Journal Entry in order to adjust Forex Gain/Loss

 Provision/Adjustment

66 31-03-2023 Pass the necessary Provision/Adjustment entries for the following

Particulars
Staff Salaries: AED 18000

Electricity Expenses: AED 50

Telephone Expenses: AED 95

Preliminary Expenses Written Off by 20%

Office rent: AED 15000

Depreciation Entries

Asset Name Opening Depreciation Month Depreciation (c)

Balance Percentage used (a)*(b)*c/12=(d)
(a) (b) (c)
Assembling Table 50000 10% 6 2500

SER gloves 40000 10% 6 2000

VPT Meter 30000 12% 6 1800

Furniture and 50000 15% 6 3750

Fixtures
Electrical Fittings 20000 10% 6 1000

Computer (Admin) 40000 60% 6 12000

Total 23050
 Closing Entry

67 31-03-2023 The Board of Directors declared Dividend of 5% (for 6 months) on

Equity Share Capital.
68 31-03-2023 Interest on loan to smith and brothers due.

69 31-03-2023 Interest on 6% bond investment due.

70 31-03-2023 The Board of Directors decided to transfer the remaining profit to general
reserve.

Syscon Computers
Al Mina Road St -

Jumeirah 1 - Dubai - United Arab Emirates

Emirate : Dubai
Trial Balance
1-Apr-22 to 31-Mar-23
Syscon Computers
Particulars 1-Apr-22 to 31-Mar-23
Closing Balance
Debit Credit
Capital Account 5576163.76
Reserves & Surplus 576163.76
Equity Share Capital 5000000.00
Loans (Liability) 767671.00
Unsecured Loans 767671.00
Current Liabilities 117440.00 2124002.62
Duties & Taxes 117440.00
Provisions 33145.00
Sundry Creditors 2060015.00
Dividend Proposed 30842.62
Fixed Assets 206950.00
Assembling Tables 47500.00
Computer (Admin) 28000.00
Electrical Fittings 19000.00
Furniture and Fixtures 46250.00
SER Gloves 38000.00
VPT Meter 28200.00
Investments 1407825.00
Bond @ 16% 1407825.00
Current Assets 3511481.00
Opening Stock
Deposits (Asset) 17000.00
Sundry Debtors 119175.00
Cash-in-Hand 200340.00
Bank Accounts 3148366.00
Tax on Intra GCC Purchase 12100.00
Tax Paid to Customs 14500.00
Misc. Expenses (ASSET) 80000.00
Preliminary Expense 80000.00
Sales Accounts 1655000.00
Domestic Taxable Supplies 1022500.00
Export 382500.00
Intra GCC Supplies 250000.00
Purchase Accounts 3921300.00
Domestic Taxable Purchase 3614300.00
Import Taxable 65000.00
Intra GCC Taxable Purchase 242000.00
Direct Expenses 130500.00
Wages 130500.00
Indirect Incomes 142441.00
Forex Loss/Gain 126750.00
Installation Services 1000.00
Interest on Bonds 7825.00
Interest Received 6866.00
Indirect Expenses 282776.00
Advertising Expenses 3000.00
Bank Charges 2500.00
Conveyance Expense 5050.00
Depreciation 23050.00
Electricity Expense 2560.00
Interest on Loan 17671.00
Preliminary Expense Written Off 20000.00
Printing and Stationary 3400.00
Rent 90000.00
Salary 99000.00
Selling and Distribution 1500.00
Tax on Capital Goods 11500.00
Telephone Expenses 3545.00
Profit & Loss A/c 607006.38
Grand Total 10265278.38 10265278.38