PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31ST

MAR, 2018
 SNO  NAME OF THE ACCOUNT CURRENT YEAR  PREVIOUS YEAR
2017-18 2016-17
RS. RS. 
REVENUE FROM OPERATIONS
SALES (NET OF SALES RETURNS) 1780000
TOTAL INCOME 1780000
EXPENSES
PURCHASES 1200000
BANK CHARGES 400
RENT 20000
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31ST
MAR, 2018
 SNO  NAME OF THE ACCOUNT CURRENT YEAR  PREVIOUS YEAR
2017-18 2016-17
RS. RS. 
ADVERTISEMENT 3000
INSURANCE ON ASSETS 10718
STAFF SALARIES 40000
TOTAL EXPENSES 1274118
PROFIT BEFORE TAX 505882
BALANCE SHEET AS AT 31ST MAR, 2018
 SNO  NAME OF THE ACCOUNT CURRENT YEAR  PREVIOUS YEAR
2017-18 2016-17
RS. RS. 
ASSETS – NON CURRENT ASSETS
PROPERTY, PLANT & EQUIPMENT
FURNITURE 400000
CASH TILL MACHINE 12000
WEIGHING MACHINE 8000
PLASTIC SEALING MACHINE 10000
TOTAL – NON CURRENT ASSETS 430000
BALANCE SHEET AS AT 31ST MAR, 2018
 SNO  NAME OF THE ACCOUNT CURRENT YEAR  PREVIOUS YEAR
2017-18 2016-17
RS. RS. 
ASSETS – CURRENT ASSETS
PREPAID INSURANCE 1282
CASH ON HAND 57000
BANK OF INDIA – CA NO.816 1049600
RENT DEPOSIT 60000
DEBTORS 80000
TOTAL CURRENT ASSETS 1247882
TOTAL ASSETS 1677882
 BALANCE SHEET AS AT 31ST MAR, 2018

 SNO  NAME OF THE ACCOUNT CURRENT YEAR  PREVIOUS YEAR

2017-18 2016-17
RS. RS. 
EQUITY AND LIABLITIES.
X’s CAPITAL 1600000 1205882
Less Drawings. 900000
ADD PROFIT DURING THE YEAR 505882

TOTAL OWNER’S EQUITY 1205882

 BALANCE SHEET AS AT 31ST MAR, 2018

 SNO  NAME OF THE ACCOUNT CURRENT YEAR  PREVIOUS YEAR

2017-18 2016-17
RS. RS. 
CURRENT LIABILITES
CREDITORS 250000
BANK OF INDIA – CASH CREDIT ACCOUNT 222000
SECURED BY STOCK HYPOTHCATED.
TOTAL CURRENT LIABILITIES 472000
TOTAL EQUITY AND LIABILITIES 1677882