project 2003

A.V.Harun Raaj SRO 0258424

1.Profit and loss Account:

This shows the current period profit / loss out of the transactions along with the sub divisions of the various expenses and income under different groups profit/loss and the net profit/loss. If enable it has the feature of giving percentage of various items.

Harun Raaj Dreamcorps Harun Raaj Dreamcorps

Particulars 1-Apr-2009 to 22-Apr-2009 Particulars 1-Apr-2009 to 22-Apr-2009

Opening Stock Sales Accounts 157000.00

Television _ C22 Sales-12.5%_C22 43000.00

Purchase Accounts 319000.00 Sales-4% _ C22 114000.00

Purchases-12.5%_C22 34000.00 Sales Bills to Make

Purchases-4%_C22 285000.00 Closing Stock 189000.00

Purchase Bills to Come Television _ C22 189000.00

Gross Profit c/o 27000.00 346000.00

346000.00 Gross Profit b/f 27000.00

Indirect Expenses 20000.00 Indirect Incomes 50000.00

Rent Paid_C22 20000.00 Income From Repair_C22 50000.00

Nett Profit 57000.00

Total 77000.00 Total 77000.00

1


2. BALANCE SHEET

This is the statement of Assets and Liabilities as on the date of the requirement grouping the items into various heads


Liabilities as at 22-Apr-2009 Assets as at 22-Apr-2009

Capital Account 1500000.00 Fixed Assets 500000.00

Reserves & Surplus Furniture and Fitting_C22 100000.00

Harun Raaj Capital _ Sh1_C22 500000.00

Land and Building_C22 200000.00

Krithika Capital _ Sh2_C22 700000.00

Machinery_C22 200000.00

Soumyakanti Capital_C22 300000.00

Working Capital 1557000.00

Loans (Liability) 500000.00 Current Assets

Loan From ICICI Bank_C22 500000.00

Closing Stock 189000.00

Suspense A/c Loans & Advances (Asset) 300000.00

VAT Adjustment _ C22 Sundry Debtors 46883.75

Profit & Loss A/c_C22 57000.00 Cash-in-hand 700000.00

Opening Balance Bank Accounts 479501.25

Current Period 57000.00 1715385.00

Less :Current Liabilities

Duties & Taxes 3435.00

Sundry Creditors 154950.00

158385.00

Total 2057000.00 Total 2057000.00

2


3.Half year Balance Sheet

This is the statement of assets and liabilities for the two half-years in an accounting period.


as at 30-Sep-2009 as at 31-Mar-2010

Sources of Funds :Capital Account 1500000.00 1500000.00

Reserves & Surplus

Harun Raaj Capital _ Sh1_C22 500000.00 500000.00

Krithika Capital _ Sh2_C22 700000.00 700000.00

Soumyakanti Capital_C22 300000.00 300000.00

Loans (Liability) 500000.00 500000.00

Loan From ICICI Bank_C22 500000.00 500000.00

Suspense A/c

VAT Adjustment _ C22

Profit & Loss A/c_C22 57000.00 57000.00

Opening Balance 57000.00

Current Period 57000.00

Total 2057000.00 2057000.00

Application of Funds :Fixed Assets 500000.00 500000.00

Furniture and Fitting_C22 100000.00 100000.00

Land and Building_C22 200000.00 200000.00

Machinery_C22 200000.00 200000.00

Working Capital 1557000.00 1557000.00

Current Assets

Closing Stock 189000.00 189000.00

Loans & Advances (Asset) 300000.00 300000.00

Sundry Debtors 46883.75 46883.75

Cash-in-hand 700000.00 700000.00

Bank Accounts 479501.25 479501.25

1715385.00

1715385.00

Less :Current Liabilities

Duties & Taxes 3435.00 3435.00

Sundry Creditors 154950.00 154950.00

158385.00 158385.00

Total 2057000.00 2057000.00

3


4. Cash Flow and Fund Flow Statement:Cash flow and fund flow statement gives the gross inflow and outflow of the cash and various fund and the resultant net flows.


Inflow 1-Apr-2009 to 30-Apr-2009 Outflow 1-Apr-2009 to 30-Apr-2009

Loans (Liability) 500000.00 Current Liabilities

195700.00

Loan From ICICI Bank_C22 500000.00 Sundry Creditors

195700.00

Current Assets 175201.25

Sundry Debtors 175201.25

Total 675201.25 Total 195700.00

Nett Inflow: 479501.25

Funds Flow :

Harun Raaj Dreamcorps


Sources 1-Apr-2009 to 30-Apr-2009

Applications 1-Apr-2009 to 30-Apr-2009

Loans (Liability) 500000.00


Nett Profit 57000.00

Total 557000.00 Total

Particulars Opening Balance Closing Balance

Wkg Cap Increase

Current Assets 1000000.00 Dr 1715385.00 Dr 715385.00

Current Liabilities 158385.00 Cr -158385.00

4

A.V.Harun Raaj SRO 0258424Working Capital 1000000.00 Dr 1557000.00 Dr 557000.00

Trial Balance:This contains the summary of all the accounts. The debit side includes all

the expense accounts and asset accounts and the credit side includes all the income accounts and liability accounts.


Particulars 1-Apr-2009 to 22-Apr-2009

Closing Balance

Debit CreditCapital Account 1500000.00

Harun Raaj Capital _ Sh1_C22 500000.00

Krithika Capital _ Sh2_C22 700000.00

Soumyakanti Capital_C22 300000.00

Loans (Liability) 500000.00


Current Liabilities 5715.00 164100.00

Duties & Taxes 5715.00 9150.00

Sundry Creditors 154950.00

Fixed Assets 500000.00

Furniture and Fitting_C22 100000.00

Land and Building_C22 200000.00

Machinery_C22 200000.00

Current Assets 1526385.00

Opening Stock

Loans & Advances (Asset) 300000.00

Sundry Debtors 46883.75

Cash-in-hand 700000.00

Bank Accounts 479501.25

Suspense A/c

Sales Accounts 157000.00

Sales-12.5%_C22 43000.00

Sales-4% _ C22 114000.00

Purchase Accounts 319000.00

Purchases-12.5%_C22 34000.00

Purchases-4%_C22 285000.00

Indirect Incomes 50000.00

Income From Repair_C22 50000.00

Indirect Expenses 20000.00

Rent Paid_C22 20000.00

5

A.V.Harun Raaj SRO 0258424Grand Total 2371100.00 2371100.00

Day book:This book contains all the journal entries on a day-to-day basis.

Day Book 1-Apr-2009 to 22-Apr-2009

Date Particulars Vch Type Debit Amount Credit Amount

Inwards Qty Outwards Qty

01/04/2009

Local Creditor_1 _ C22 Purchase 63000.00

Purchases-12.5%_C22 56000.00 Dr

VAT Input - 12.5% _ C22 7000.00 Dr

02/04/2009

Local Creditor 2 _C22 Purchase 296400.00

Purchases-4%_C22 285000.00 Dr

VAT Input - 4% _ C22 11400.00 Dr

05/04/2009

Rohit Technologies_Local Debtors_C22

Sales 48375.00

Sales-12.5%_C22 43000.00 Cr

VAT Output - 12.5% _ C22 5375.00 Cr

10/04/2009


Sales 118560.00

Sales-4% _ C22 114000.00 Cr

VAT Output - 4% _ C22 4560.00 Cr

12/04/2009


Receipt 125201.25

State Bank of India_C22 125201.25 Dr

16/04/2009

Local Creditor_1 _ C22 Payment 31500.00

Local Creditor 2 _C22 148200.00 Dr

State Bank of India_C22 179700.00 Cr

20/04/2009

ABC Ltd. _ C22 Payment 16000.00

State Bank of India_C22 16000.00 Cr

20/04/2009

Loan From ICICI Bank_C22 Receipt 500000.00

Cash_C22 500000.00 Dr

20/04/2009

VAT Adjustment _ C22 Journal 18400.00

VAT Input - 12.5% _ C22 7000.00 Cr

VAT Input - 4% _ C22 11400.00 Cr

20/04/2009

VAT Output - 12.5% _ C22 Journal 5375.00

VAT Output - 4% _ C22 4560.00 Dr

VAT Adjustment _ C22 9935.00 Cr

20/04/2009

Rent Paid_C22 Journal 20000.00

ABC Ltd. _ C22 16000.00 Cr

TDS Rent Payable_C22 4000.00 Cr

20/04/2009

VAT Payable_C22 Journal 8465.00

6

A.V.Harun Raaj SRO 0258424VAT Adjustment _ C22 8465.00 Cr

20/04/2009

Local Creditor_1 _ C22 Debit Note 24750.00

Purchases-12.5%_C22 22000.00 Cr

VAT Input - 12.5% _ C22 2750.00 Cr

20/04/2009

Onidia TV 36"LCD M.No.LCD 123 Stock Journal 7 No.s

Onidia TV 36"LCD M.No.LCD 123 7 No.s

22/04/2009


Receipt 50000.00

State Bank of India_C22 50000.00 Dr

22/04/2009


Journal 55150.00

Service Tax_C22 5150.00 Cr

Income From Repair_C22 50000.00 Cr

22/04/2009

VAT Input - 12.5% _ C22 Journal 2750.00

VAT Adjustment _ C22 2750.00 Cr

22/04/2009

VAT Adjustment _ C22 Journal 2750.00

VAT Payable_C22 2750.00 Cr

Cash and Bank books:

Summary of cash and bank books

Bank Accounts



Closing Balance

Debit Credit

Cash-in-hand 700000.00

Cash_C22 700000.00

Bank Accounts 479501.25

State Bank of India_C22 479501.25

Grand Total 1179501.25

7


Bank Reconciliation Statement :

Ledger: State Bank of India_C22 1-Apr-2009 to 22-Apr-2009

(Reconciliation)Date Particulars Vch

TypeBank Date Debit Credit

12/04/2009


Receipt 125201.25

16/04/2009

Local Creditor_1 _ C22 Payment 179700.00

20/04/2009

ABC Ltd. _ C22 Payment 16000.00

22/04/2009


Receipt 50000.00

Balance as per Company Books : 479501.25 Amounts not reflected in Bank : 175201.25 195700.00Balance as per Bank : 500000.00

Godown summary:

Parrys_C22



Closing Balance

Quantity Rate Value

Television _ C22 9 No.s 21000.00 189000.00

Onida TV _ C22 9 No.s 21000.00 189000.00

Grand Total 9 No.s 189000.00

8


Stock Category Summary:

36" LCD TV_C22



Closing Balance

Quantity Rate Value

Onidia TV 36"LCD M.No.LCD 123

7 No.s 25000.00 175000.00

Parrys_C22 7 No.s 25000.00 175000.00

Grand Total 7 No.s 175000.00

Stock item query:Name : LG 2 Ton Split Ac-M.No W987 Part No. :Group: LG Airconditioner _ C22 Category:

Closing Balance:

0 No.s Closing Value:

Cost Price : 12000.00/No.s Std. Selling Price :

Last Purchased on :

01/04/2009 Local Creditor_1 _ C22 3 No.s @ 12000.00/No.s

Last Sold on :

05/04/2009 Rohit Technologies_Local Debtors_C22 2 No.s @ 15000.00/No.s

Godown / Batch Details Items of the same Category

Godown Batch Quantity Item Name

Parrys_C22 Primary Batch 0 No.s LG 2 Ton Split Ac-M.No W987

Samsung 1 Ton Split Ac M.No.111100

Samsung 2 Ton Split Ac M.No.21200.

Total Total

9


Stock item monthly report: Onidia TV 36"LCD M.No.LCD 123



Closing Balance

Quantity Value

Opening Balance

April 7 No.s 175000.00May 175000.00June 175000.00July 175000.00August 175000.00September 175000.00October 175000.00November 175000.00December 175000.00January 175000.00February 175000.00March 175000.00Grand Total 7 No.s 175000.00

Movement analysis : Onidia TV 36"LCD M.No.LCD 123



Movement Values

Quantity Basic Rate Effective Rate Value

Movement Inward :

Suppliers :

Local Creditor 2 _C22 10 No.s 25000.00 25000.00 250000.00

10 No.s 25000.00 250000.00Transfers Inward (Production) :

Stock Journal 7 No.s 25000.00 25000.00 175000.00

7 No.s 25000.00 175000.0017 No.s 25000.00 425000.00

Movement Outward :

Buyers :

Rohit Technologies_Local Debtors_C22 3 No.s 28000.00 84000.00

3 No.s 28000.00 84000.00Transfers Outward (Consumption) :

Stock Journal 7 No.s 25000.00 175000.00

10

A.V.Harun Raaj SRO 02584247 No.s 25000.00 175000.00

10 No.s 25900.00 259000.00

Ageing Analysis of outstandings receivable:This contains the list of outstanding amounts to be received by the

company within a specific time period.

Bills Receivable 1-Apr-2009 to 22-Apr-2009

Date Ref. No.

Partys' Name Pending (< 30 days )

30 to 45 days

45 to 60 days

(> 60 days )

Amount

10/04/2009

2 Rohit Technologies_Local Debtors_C22 41733.75

41733.75

10/04/2009 Sales 2 118560.00 Dr

3 No.s Onida TV 21" M.No.1100 FLAT

10000.00/No.s

3 No.s Onida TV 36"LCD M.No.LCD 123

28000.00/No.s

12/04/2009 Receipt 1 76826.25 Cr

22/04/2009

5 Rohit Technologies_Local Debtors_C22 5150.00 5150.00

22/04/2009 Journal 5 55150.00 Dr

22/04/2009 Receipt 3 50000.00 Cr

46883.75

46883.75

11


VAT Annexures

Annex- IANNEXURE I

Details of purchases/receipts during the month APRIL, 09

Sl.No. Name of the seller

Seller's TIN

Commodity Code

Purchase/Receipt value(Rs.)

Rate of tax

VAT/CST paid(Rs.)

Category

1 2 3 4 5 6 7 81 Local Creditor 2

_C22 285000 4 11400 R

2 Local Creditor_2_C22

56000 12.50 7000 R

Category: C-Capital goods, E-Exempted, I-Import, O-Inter-state purchases, R-Local-purchase input(First schedule),S-

Stock receipts from the head Office/branches/principals outside the state, A-Purchases effected through agents/Branches, B-Industrial Input

Annex- IIANNEXURE II

Details of sales/transfer value during the month APRIL, 09

Sl.No. Name of the buyer Buyer's TIN

Commodity Code Sale value(Rs.)

Rate of tax

VAT/CST paid(Rs.)

Category

1 2 3 4 5 6 7 81 Rohit

Technologies_Local Debtors_C22

43000 12.50 5375 F

2 Rohit Technologies_Local Debtors_C22

114000 4 4560 F

12

A.V.Harun Raaj SRO 0258424 Category: E-Exempt, F-First schedule, R-Sales return, S-Stock transfer outside the State, Z-Zero rate sale, A-Sales

effected through agents/branches in the State

Annex-III

ANNEXURE IIIDetails of reversal of Input Tax Credit during the month APRIL, 09

Commodity Rate Reversal of Input

Sl.No. Nature of transactions Section/Rule relevant Code Value (Rs.)

of tax

TIN tax Credit (Rs.)

1 2 3 4 5

1 Goods used for civil structures Sec.2(11)

2 Goods utilised for self use Sec.19(7)(a)

3 Purchase of automobiles, spare parts and accesories other than dealer in Automobiles

Sec.19(7)(b)

4 Purchase of Airconditioners other than dealer in Airconditioners

Sec.19(7)(c)

5 Goods given as gift, free sample

Sec.19(8)

6 Goods lost on theft,loss,etc., Sec.19(9)(i)

7 Inputs destroyed in fire or lost Sec.19(9)(ii)

8 Inputs damaged in transit or destroyed before manufacture

Sec.19(9)(iii)

9 Unavailed credit on Capital goods (time barred)

Sec.19(3)(b)

10 Consignment Sales without 'F' form

Sec.19(4)(i) & (ii)

11 Stock transfer without 'F'form Sec.19(4)(i) & (ii)

12 Purchases for production of Exempted goods (Finished)

Sec.19(5)(a)

13 Interstate sale without 'C' form Sec.19(5)(c)

14 Purchase return Sec.14(i) 22000 2750

15 ITC availed for Finished goods subsequently exempt

Sec.19(12)

16 Others (specify)

Total 2750

13


Annex-IV

ANNEXURE IV

Export

Sl.No. Description of Goods

Commodity Code

Value (Rs.) Details of Bill of lading / Air / Road / Railway Bill No. & date

1 2 3 4 5

Place: Signature:

Name:

Date: Seal Status & relationship to the dealer:

[see Rule 7(1) (a), 7(2) & 7(3)]

VAT computation :



Assessable Tax

Value Amount

Sales

A. Output Tax

Output VAT @ 12.5% 43000.00 5375.00

Output VAT @ 4% 114000.00 4560.00

Total Output Tax 157000.00 9935.00

Purchases

B. Input Tax

Excess Input Credit Brought Forward

14

A.V.Harun Raaj SRO 0258424Input VAT @ 12.5% 34000.00 4250.00

Input VAT @ 4% 285000.00 11400.00

Total Input Credit 319000.00 15650.00

VAT Refundable/Carried Forward 5715.00

15

project 2003

Documents

capital account1500000

soumyakanti capital

krithika capital

current period profit

cash flow

current period57000

current assets loan

harun raajsro