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83K views40 pages

Accountancy Project PDF

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Satyam
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SESSTON-2020-2021 ACCOUNTANCY PROJECT WORK ON AMUL SUBMITTED BY: SUBMITTED TO: CLASS: 12 ( Accountancy teacher) ROLL NO._- Sign of extemal examiner Sign of Internal examiner Acknowledg ment ' would Itke lke tp express my grattiude tp o the pecple who have helped me in this project , Specially ™m Accounts Teacher for hes kind attention and me | am thankful for f his continucug support and enoguragement. lastly > | would Uke te thank dow thelr SuppavE and encoura my parents , frends + Fea ] fi qpmak " your name ur teachers name Certif Wea ur name is to certify that © jy of class XW of ur school name completed her work under my guidance 3 I certify that this pojeck |S rules Up my expectation and are a6 per we and guidelines {sued by CBSE. ur teachers name iF : Particulars Introduction to Amul Company « Statement of froftt & Loss Cash Flow Statement of Armul Compa Comparative Statement of P&t of Amul Com comparative SGalance Sheet of Aroul Compan © Journal Entries + Tadig & PRL Ae Be LADAPPDAAARARARAANAN NAN AA D NINN \ yeu Bb bth etree ret pee € cg = o ~ ) 2A -Oy, Amul Amul , is an Indian dairy cooperative _soviely , based at Anand tn Indian stobe of Gujarat. formed in 1946 , it {5 a corpermbie brand managed by a cooperative body , the gujarat Co-operative Heth, Ma ebing Sedemntion Ltd» (GCMME) , which today is jointly owned by 36 lakh (3-6 milion) milk producers in Gujarat . Mnul spurred Snoliats white Rurstuin , whith made country the world's largest producer of milk and milk prducers Kaira District Milk Unton Led- (tate renamed t0 Amul) wos founded 1246 though the effprés of three men , Inbhuvandoe fateh , Verghuce Kuniy Amulrs foundation wae a significant contributor $0 the white revelitinn tn India. Type + Cooperative society Founded : 1946 5 75 yrs: ago Founder + Trithuvandas fate! Headquarte’s: Anand, Gujarat, India Website 1 amu com Bt aml dairy com C4 coh ee Sh Romeinh trabhatsinh Chaiman LOOM OREE RBS Shri fajendracinh Ohirsinh Parmar Vice- chairman \ chauran —? She Juvansinh Hathisinh Member Shr? Radhusinh Masursioh Parmar Member PPP NANA ANDO Oo aw nop het Pojeshbhat Gajanan Yathak Member — 7? Bs ONnNnnanan >, ie" a PP Pp p17-1.9 Shri Vipuibhat kantttha? fatel Member > \ 3 q Shri Tejaskumar Bipincandea Patel Member ~ > Shnignti Neetaben Bharatbhal solankt fs a Be Member Ghurimati favitaben Amambhai Voghela. Memter —? Shai Ranjitbhat kantibhai Patel Member 1 AH OOE-ON AP APRPAAAPRNAN ADP q | ¢% “uGY VOUy it \ YUU Shrt Dhicubbat Amareinh Chayda. Member — > Shit Rs. Goan Manag a vee det bri AP Acari Member ——P sort mit Vyas Managing Director Mme? Anand Milk Unron Limited | It fe a milk product Cooperative dairy company based at small toon oF Anand im Gujarat chte of India. ands * Amul Milk * Bread spends * Cheese * Paneer © Ice-cream © Ghee © Chocolates Roti Softener @fanchamrit — and. many more items». 4A, Awards ODO } ) ® Amul- Marketer of the ear FMCG Food (2019) i ME i, World. Dairy Innovation Mwvards -( 2020) - Finalists Amul wins World. Diary Innovation Awards -(2018) S204 / Champlone of Excellence AvorL for Brand, Amul BML Munjal Award (2017) ® CFBP Jamnalal Bajaj. Auard. © Raniv Gandhi Natonal Quality Awank C1993) © World Dairy Innovation AwaroL - (014) © Development Leadership Acard. (2015) © Green ote Foundation Award. © Gimpro Gold stondard. Award. - (2003) © Dr V-kurfen honoured. with Lifeline Achievement Awan / 29 PPDADA AAA aay a5d a ey Aetna tterly delicious taste “ Balance Sheet , fo Statement of Profit and Loss oY Cash Flow f A Nad : No] particu ‘As at Harb | As at March © = as LARS Note 31, 2018 31, 2018 ei? |! | €oury ano LIABILITIES I OUTIES mls - ¢ Members? Funds: S peeeeee ees See le a ~S Share Capel t | 8429.80 s me |__| Recerves func and oiner 2 | 14,945.65 | 19,293.50 ae - fet 23,768.45 | 20,230.55 . ~~ 2. Non- Current Liabilities Kio a> long: term borings 242.23 >) ReSerehiceR Rael CS Long= term vis + | 162039 | ypoa-aa a = Deferred Tax habits (yer) 5,320.30 | 4663.98 es 36,000.92 | 34,543.68 co [8 |Current iiatiities ; 4 2 [rere 5 | 5800-52 | sgacaos s cad : 6 | 05,910.56 | 6,003.c9 > a Current (abi Fas 3 | c4 e416 | ogan3.94 > Shor = term Frovicins _| 8 | 1336-66 | i saace {~ , 75,802.10 | 170,955.4 eo TOTAL 2,35,661.47 | 9.25 108.29 2 A 3 Wr | ASSETS ~ “> [te [Won current Assets : 2 [Fired Assets - aS Tangible Assets 2 | 96,144.00 | as.s42.04 aS Capital work in trogress, 13,037.36 | 296956 a> Mon= Current lnvestrent 10 | 3386.65 | gases [> 118,168. OF 1,01886.45 A= [2 | cument Assets: | am Inventories 41} 93,023.82 [| 35,918.¢0 ‘a Trade Receivables 2 35,3343) 23,908.59 | S = Tach & bank talanes z 18 [4,390.94 5408.31 q Short ter loans & Aavances i | 349645 [ease Cther Curent Assets 15 Bee. OF 186-13 25108 Year ended | ear ended March 31,2019 [Marth 31, 201 ee 19 | 4,400.63 27 Crease) in verse Ried Goode} J & work press i 20 | (2,750.44) Srroyer Benet Gpenses sr 18, 3e5-16 Bete | Finance tasks 5 5sThad Depreciahin i Merttahon Fxereas aan Pidveriserent , Felghr Outward u Markatig bp. | ar crinistratve G-opuatve Devloprent by omer or. 3,511 34 11,340.) a “Total Expenses 29 ILL. | Profit before Tax te) — — oD. | Tax expense : - Courtent tar Bee Bho a2 beferned Tax 1,366.18 1905.67 | a=] . [Profit for the year Lin- iv) 2,653.34 2,490.68 S84 We: | Appropriotions + = Reserve fund 25% caoF ane Bub Gcatibakin 3 fducation fond. 00 : a Shane Pividend 15% of foid-up tapital 1269.95 a Out oF Remaining Top, mala ce safe ia Pividend Equilisation fund 25% B78 Gi.00 —s Further , out of semaining to} a | ° veh General fund 10% = 8-41 oe) - thariby fur 29% 35:65 +448 otal 2,652.4 | 3490.68 oe PARTICULARS Year ended 31M 30M Year ended 31 Mach, 2018 CATING ACTIVITIES eel DA1_9L8 [2480.68 10D. a5 6509-44 8 (38-81) (555. 69)| Ls /rft. on ce @f Neca Gs.) rov'sion for Income Tox 310 non Provieion for SetBrred Taye Labi y OL 0562 (49-40) 6088) (ag86-35) (270-68) operating Fektes 28 em 03) Tears paid caren Hear and Net ‘Amount of (ocome Tax Net cashflow generated. from INVESTMENT _AcrivIMES ere rent 0S 959373) we. Investment. io Cap Wark ih Tages Share Investrents (Federation) FINANCIAL ACTIVITIES, theme stare copial 272797979797 870-9-9-a-9-2-n-9_n Increase /Coeereace) in bank Overdrar Aa-~ rcrease /cvecwase) i (0aTS] Guay ip Tere Jn_long erm ea Pp PARTICOLARS. Ye@r ended 3) Merch aa }ear ended 3) Hareb 2018 Eedeipbon of Redeenatle_Wehenties Increase / ¢ecte (nis) | G78 59) 5,969.0 (44-49)] A eng Cash Lath eqns ar are 3 Flosing cash % cash Equivalent as it 3 Actual Clositg Cash & cash Equialents Ce 7 PROFIT AND LOSs “> BALANCE SHEET = - COMPARATIVE pRogiT AND Loss for «. the year ended 2018 (Zin lathe) e “Som ca 2a —- I i ~ = e,25,625-62 | caccaaqa] 10081 ~~ = ne \,s6a-a2 | 1,293.05] 391.94 e ef: : AS. a 6, 23,194.44] 6,97, 9309 131,890.62 ¢ EOF Materials commmed aneNNN | eiseTe B54 12 © beat Fachirng expencec —_|[esan-c5 6050-22 c eee, inventor fas4ie- 62) [(2 50-4a)] caican ad ee =e | aa ¢ » Feployee Benefi Bepences '374454 |13,965-16 | 220-c2 c Finance ta, [Tecan es [a s73-96 | gare _— Arnortictin Expenses 19. 0+1-35 [10587-51 | S2¢.19 COM], hacertiement freghe Ouhoars. & nate xp |] arac-68 | [Link] | casa 94) e imniskatve , Co-operative be Peabve Development & oer [499-81 a Total Spee x ay 6,23,260 99 | 693,669.58) 42408- 59 A ~ Profit before Tox (1-11) |] 3983-45 | 4,961.19 mE: Tax expense Xx Current Tax _|[2F0 2-64 | 305-59 a Pefered Tax [fie pees [cs0-43) BPP trofit for the year (ill iv) 2,490.68 | 2659 Fil lence iw Appropriations ; ” Recerve fund 25%, 622-64 | 622-67 | ¢o.41 Contribubon to Edveatin Fund. 2S E800 Share Ovedend. 15%. of tal-up cial [| o0-a8 Out of Remaining fof, Dividend Fyuilicaton fund 959, (9-8) further, Qu of Remaining hot, 5 wt General_fund. 80%, Charity fund. 20% 13-85) Terabe 6-43 COMPARATIVE 3) Mareh BALANCE SHEET as at » 2018 and s019 PARTICULARS te EQury ano wneiLiTies ——_—— t} Member> funds : [ar earch BW Mare [Absoivte change Haale |” aor) to) Cerb-A) | S 8057.05| 8,029.90 | 405-45 350 x and other fund 19373.60 | 14,946 65| 2,672-15 9% a 200-55 | 23,768-45| 2.455.9 16-1 § Non~ Curr hties : a iets ane gS org: term Borravings |agat2-24 |aeste-03 | ace-sc | 0.95 € long-term Provisions 1,80%-88 | 1,828-39] 21-06 ite ~ Deffemed Tax _Liablites (ney ¢ 4663-28 | 5,920.30 | 1,257-02 | 26-96 ¢ feo 88] 36,030-99 | 1,549-04 4.4% S28: Current tabitities: tas ¢ Short-term Borrowings 2,263.02 |53,005-52| (257-5) | (oud Rw | Trade tayables 86,009- 69 |85, 910-56 | C99-12) Co.) e Other Current Wwabilties 29393. 9t |24,[Link] | 5575-22 | ia-g9 ae short - term frpvisions }, 534. 9+] 1,486. ge 349-62 & 1,30, 233-89) 1, 25608-10| 5,509 a) ¥ gotae 9,25,10 35 661-47) SSSolir assets og w1-_Non- Current Assets + V9] rived Assets- KN Tangible Assets 952. 2¢ [96,144-00] Golre O-¢ - Opital- pork in progress 2,952-56 |13,697-36 | lo639-3 | e110 = 7 Non - Current investment 3,386.66 [3 354.66 0 0 2 | Ss 1,01, 886-45) 113,168-01| 1,281.56 i oF Ogle. current Assets + 7 loventon'es 45,918: 60 |73,693-89 | ros .29 294 a Trade Receivables 38,908-59 | 35,734.31 | 1,025.49 538 ao (ash & Bank Balances 58a | 9,300.94 | (198.99) (1334) ws Ghork- term loans & Mivances cti5-6¢ | ame 45 | 959-39 | Gys:35) L pther- Current Assets 396-13 866-07 | (123-06) (2-44 1,28,221-89] 1,22,493-46| 329-0) 059 Total 2,25, 108-89] 9,35, é6i.. 10553. 15 68 : ANALYSIS Amul RATIO ANALYSIS y CURRENT RATIO — 2018: Gurren. Ratio = current Assets Cuirent \abiibes = 423, 991.93 1130, 223. 69 0723 11 122 433. 42 Current Ratio = 0-696 21 2018 + Quick Assobs = Cument Assets - Inventory = (1,28, 231.87 — 76, 918-¢o 43, 203. 2% = Rute tees Current wabilibes Quick abo eee 179 233. a9 Quick Rabo = 0.29% 21 Buick Aesels = Current Ascets ~_jyven' 122,493.46 39 603.89 = 44,865.54 Quick Rabe = Buick Mes 44 969.59 Current siabiities —1,75,803.10 = 095531 as s % s ¢ s Sg ¢ (P27 Beer, [27 era ere py ye 3) des FQvITy RATIO- EET: 10: Fav kano 3018: Debt = Long-term debts + Long: term Provisions = 98,343.27 + 1907-33 = 30, 150-6 Equity = Share Capital + Reserves @ Surplus = 8057-05 + 13,273.50 = 90,330°55 Det Evity Ratio = Debt - apisv.c Fquty “3980-55 2018 = Debt = Leng term dest + Long term favicon = 28,242.23 + (629-39 = 3011.69 = Share Gopital + Reserves K- curpisc = 8822.80 + 18 545.65 = 22309-45 Debt Eqity fato = Debt = 39:70-¢9 Suiy 93 He84E Equity Eaeacoel 4) Total Assets to Debt Rabo - ———$—$———$$__ 2018 : Total Assets = Curent Ascot + Non- Currem Accet = 1,23221.97 + 101 gac.45 = 425, 108,39 Debt = 351-6 (ay eattilang dies) Total Assets to Debt Cabo = Total Asels = 9 26 19 Debt 30,15D.c = tee 2) 2018; Total assets © Curmnt Awet + Non- current Accebs 423.499°46 + 113 169-01 = 235,66). 49 Debt + 3519002 ( as calculated shove) Weal Acels to Debt abo = _Tolal Assets bebe = 288, 661-49 "30f0: 62 = P81021 5) ; > PROPRIETeY RATIO: 2 Equity = 20,330-55 Total Assets © 2,95, 108-32 roprieteny Rabo =_fyuity 209.350. 55. Total Assets 2,25 (08-32 Proprietory Kain = 0-074 Equity = 93,260. 45 Total Assets = 235.661 - 47 Propretory Ratio = _Gquity = 2816945 Ton) sets 2.35, 61.4 = 0100 $1 Vv gy Net PRorIT RATIO: 20187 Nes profit after tax = 2,490.68 Revenue 4yorm Openatim= 6,25, 625.62 Ne@t progit Ratio = Ned profit often Tax 100 ~~ REVENUE Jom opencsion Y=) 2 hg0n63 xX 100 6,25) 625.62 Net propit Ratio= 0.397. Y 1 ot ¢ . ot. e ot S a 2 i = a > a . _ a CdgEet teEE 2018: Net frofit apter tay = $452.34 Feverue fiom Gembon = 696 683. 78 Net WHE talio = Net frofit after Tae aia Cd Revenue fiom Operator SS = 9058.34 SS ton crag XO? a Wet froft mabo = gag 9, s > ¥) RETURN ON INVESTMENTS : Saemeee ¢ Pre HORE tefowe interest, tax a, Labitibes dividends = potie bee tax ° “J + Financial Cost NS = 8938-45 + 6599-49 ae = 19530. 94 = Caprial Employed = Total Buty + toma terry tomppings + ee . : vise SS = 20,390.55 + 98,043.97 + 1892. a3 ¢ = 80. Is a a > Rebun of Investment = _fept Tac rherest & dividends pital employed 100 = loba0. 94 Bais x 0 = 90-997, 3018: fof defore interes, boy and dividends = feet tefore bay 4 Roe) ‘ahaa 2 AML + 98%age 2 14, 285-16 Capi employed = Teka Equity + Long term Borman + LT tov = ASFORGS + 29342 20 + 1898.39 = 58; a39. oF CCE ede M00. GGORR OR EER NY ‘ sheheh 2 CECRNK » fh Retum om investment = FREE before Tas teres fe din gen is a LD Capital Employed - M4, 28616 53 939. 09 X/0D = 96399 8) WORKING CAPTAL TURNOVER RATIO _ S08: Revenue from operatnn = 6,25 625 G2 | , Rorking Capital = Current Atse — cument Labilites 193 gt, 8% — |70 233-89 Ses tt 2.09) oer, Caphal turnover Rabio = Revenue fiom Openrabr “Working capil =e = & 96 62549 (43,018 08) Working capita turnover Ratio = (13%) tines 0d: Revenue fem Cpembon = 6%, (83 78 Woorking Capital = Cutmenk RcGat - Curent Labines = 1,22,493- 4 - 175 g09.10 = -58, 303-64 ‘ooking Gepltel tuxnover fab = Revere fem operabén toring ciptat — = 696, 633. 49 ines « Pi = (8.06) TRANSACTIONS Assets : Cath in Hand & 2000; cath at Bank 6B, 000; Stocks oF Goode 1% 49,000 ; Machinery @ 1,00,000,, rueniture & 10,0005 M/s. Mardin Bras, ove & 40 Nis. Bros. owe % 25,000. fan: 21 Bought gods on credit flom Samuel 4 co. , kolkata Jan 8) Solt goodls for cash to Dhira) 2. 00. , Dehi Sold goods to Narain Bros. Kolkata on credit Received from Narain in full deillement of amount due on 14* Taruary by cheque Foyment made to Jacob Pros Ltd, fata by cheque ; Caltowed discount & 260) Old furniture sold for cash Baght gods for cach Bx Bros. pal by cheque ; choque deposited in the bank fald for repaies of machinery Bought goods from Jacob Bras. ltd. excluding cartage of & 500. Cartage woos pall by the firm on behalf oF Jacob Bas: Led Reteivect cheque from Narain Brec. and the cheque deposited in the bank 4,500 Discount aliowed to them sD aid cheque to Tacce gros. ta 19,000 Bank intimates tat cheque of Narain rec. has been retumed. anpaidl Sold goods fur cash 19 Kay Bros. 6,000 cash deposited ™ the bank 5,000 fad Municipal Taxes in cach {,000 Bormcel from uronia. YeeskInt Go. Ud for constructing cin pees. Money deposited. with bank for the tate being {92,000 fala for advertisements 1,000 Wid rent by cheque 1,500 faid Salaries for the month 3,000 withdrew fivm Bank for private Uduse. Horgin res. becomes IngoWwent » a dividend c} 60 poise wn a rugeo Ic receked An oid amount , coritton eff as bad debe enrlier is recovered. 50> Bai ional information @ WGsing ‘stock © oxtevaning’ typones © heyaid Expenses © tkpieciation: of Iopltp 1p 10% proylon FOK Douplil rokle Oxf Petes 2,500 Drie) | Cree) Cash Ay Bank Aye stuck Al Machinery Me Furniture Ade & Narsin Brac Ms BK. Bras To toan Ae TO Taob Bros td To pal AY CBatoncing Amount) (Being the nese anol uabitiies Sash d piesa. fre. tage Yer, pital found, ducting Hatbilitiva spam. wwe Rurchenes Ae Input Cast Ato Input sasT fe To Samuel & 00 (Bang tn Inia stab purihase goede spon, damutl co, poyake cast and cost @ 67, we a : Cash me To sales He To Dilput gst Me (BtIng the ante slate sale of good Can de Galway & Co. hargech 1617 @ (27 oy! a AMorain. Bras Tosales te To Outpt east Mo To Culpa S487 Ale oe (Being she ina slate aoe af “WO Nasa & RHO, chayot. Cost and gst @ 61s cathe Jan-5 | cash He Discount Minwed He To Narain Bros (Bang the amount of 14,507 Heceiveok un Poynuat fora dese 215,000 ; diicoune allowed 2 sv) OA Tee 10,000 600 600 45,D0p < = [~ s ] 27 or or eran Dr er Toced ares: tet To Bank Ne T® Piscount receded ap fesing tne amowst: pu Being tne amount j d 2 Faces RUDI. He, ailewecl clisiount BF & su Cosh Ao, be To Furmture Aye To Outeit: cai Ave W aujut sos Ay, fale of oll. feoinituee , Joyrent seceved in wih avg pr Input Sasr Me Dr To cash Ate Pads of rele Je attte, pai cgsr anct To Br: Brus Gpeig BS thefle ecehed puom tk. nics- ance dapesitan. dn the Inpat @atr Ale Inpuk Sa07 He. To dash Me (Gang the ameuint Purchases Ale Input 487 Ate To Jace Bree. 142 ee ae Int siate faucdase 4 goed pom. faces toh Led pe 7, Taiwb Bro. bd. To (ash Me (Being the cortege pull on eho tf Tesh Phos Lit.) Bank Me Discount Miowed Me To Nordin Bros. Towed Bros Ld To Bank Ate Being He amount. paid Sy que Wo taobb Me, Ad) An ag A a Kk igh LAA, Pp g o e ~ * we oe PHT aank Ae & g @ Bank ajo To Diseunt Allowed He (Bing He ohugue Meceal fbe Hain BHA! gahwine difwunso To Oiltut Ger age Te Dutt gsr ate Ug Ihe iia. ceato dale of 908k uh 1d Gash Me (Belg the cash olepesited tr the tank) Municipal Tawes Ate To @th Me (Boing He amount pat a1 Ja) We To loan Aye (beng the amount tomoutd foam thania srestment 60. £0) Adverticomant Inpat Cast Ate Input pacttadars To Balance cid Ban a 5 e oe 13 | To Jacob BIDS Ltd: 6 ‘ \ IN NC (Sales) etn | 9018 Jan: 31) By Baeince ol 1,200 , Butput cai Ate 2 [ parbollare = te] _eubenars x Ros na a 2018 anal! To acance ck ipso [am 4| 9y Narain Bos 600 san 4 By cash Alc 60 rans) By Cash He 1" Reccled He pate T eartiatars z fae] parbendars an al] To Aaiance c7d 250 Braye} py Taco Bros Ha | feb | 84 Balance bia Refats Me cr pate | Parton =r 2018 san ai) oy Balance ei be | Panpenars 208 tan MN | TO cacy Me eb | | To Balance bid ai epat Takes Te Pie parte ——— By Rarance cb Bol. =| cae ‘18 Ent) By Balance cfd To Balance Wa Te Narain Sra Heo Balance bid 106 To Balance wa fan Tan fan feb) ay palance dd parttalars By Purchases Me By Palance bio TRIAL BALANCE 45 on 3) January, sor Drawings tush Me Bank Aje Machinery Aje Fumitun Me Stick Ale Purchases Mo Sales Alc loan Me Tacvb Bros. itd. Samuel 4 bo. PscoUNE Mlowed Alc Disewunt Received aie Repairs He Municipal Taves Ne Advertisement ple Rent Alc « féniaries Ae Boal Devis Ate Bad Pebls Recovered Ac Input cqsT Ate Input

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