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Group Working: Tata Motor Limited 1/ Previous Year Balance Sheet

The document contains information about a group project being completed by 5 students for SE0601 at TaTa Motors Limited. It includes an unadjusted trial balance, various ledger accounts, an income statement, and a statement of owner's equity that were prepared as part of the group work.

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Ngô Sỹ Long
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111 views9 pages

Group Working: Tata Motor Limited 1/ Previous Year Balance Sheet

The document contains information about a group project being completed by 5 students for SE0601 at TaTa Motors Limited. It includes an unadjusted trial balance, various ledger accounts, an income statement, and a statement of owner's equity that were prepared as part of the group work.

Uploaded by

Ngô Sỹ Long
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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GROUP WORKING

Thi Phan L Phc


Nguyn Tt Li
Ng S Long
ng Hu Nam Quang
SE0601

TaTa Motor Limited


1/ Previous year balance sheet
In Millions of INR (except for per share
items)

2012-12-31

Cash

237,051.90

Accounts Receivable - Trade, Net


Receivables - Other

75,187.40
-

Total Receivables

192,511.10

Total Inventory
Prepaid Expenses

218,057.50
-

Other Current Assets

18,438.10

Total Current Assets

666,058.60

Property/Plant/Equipment, Total - Gross

Accumulated Depreciation, Total

Goodwill, Net

42,448.30

Long Term Investments

13,198.00

Other Long Term Assets, Total

59,170.00

Total Assets

1,577,993.00

Accounts Payable
Accrued Expenses

379,424.70
-

Notes Payable/Short Term Debt


Current Port. of LT Debt/Capital Leases
Other Current liabilities, Total

132,230.70
258,982.40

Total Current Liabilities

770,637.80

Long Term Debt

285,014.10

Capital Lease Obligations

Total Long Term Debt

285,014.10

Total Debt

417,244.80

Deferred Income Tax

23,396.30

Minority Interest

3,497.90

Other Liabilities, Total

91,916.20

Total Liabilities

1,174,462.30

Redeemable Preferred Stock, Total

Preferred Stock - Non Redeemable, Net

Common Stock, Total


Additional Paid-In Capital

6,379.80
-

Retained Earnings (Accumulated Deficit)

397,150.90

Treasury Stock - Common

Other Equity, Total

Total Equity
Total Liabilities & Shareholders' Equity

403,530.70
1,577,993.00

2-3/ Choose 20 transaction and record in general journal


General journal
date
Account titles and Explanation
1-Jan Inventories
Account payable
purchase inventories
10Jan Cash
Note payable
bank loans
10Jan Rent expense
Cash
Paid rent for Feb
15Jan Cost of goods sold
Inventories
Account receivable
Sales
Account payable
Sold inventories

PR

Debit
credit
513,500.0
513,500.0

100,000.0
100,000.0

20,000.0
20,000.0

254,696.0
254,696.0
382,044.0
343,839.6
38,204.4

31Jan Wage expense


Cash
paid salaries
10Feb Cash
Sale discount
Account receivable
Customer paid for transaction on 15 Jan
17Feb General expense
Cash
Human care
22Feb Cost of goods sold
Inventories
Account receivable
Sales
Account payable
Sold inventories
25Feb Cost of goods sold
Inventories
Account receivable
Sales
Account payable
Sold inventories
28Feb Wage expense
Cash
paid salaries
2-Mar Account payable
Inventories
Cash
paid inventory
5-Mar Inventories
Account payable
purchase inventories
6-Mar Cash
Sale discount
Account receivable
Customer paid for transaction on 22,25 Feb
7-Mar Inventories
Account payable

42,400.0
42,400.0

378,223.6
3,820.4
382,044.0

3,975.0
3,975.0

154,050.0
154,050.0
231,075.0
207,967.5
23,107.5

61,620.0
61,620.0
92,430.0
83,187.0
9,243.0

42,400.0
42,400.0
513,500.0
10,270.0
503,230.0
211,300.0
211,300.0
320,270.0
3,235.0
323,505.0
420,000.0
420,000.0

purchase inventories
10Mar Cost of goods sold
Inventories
Account receivable
Sales
Account payable
Sold inventories
12Mar Account payable
Inventories
purchase return on 7 Mar
15Mar Marketing expense
Cash
marketing expense
20Mar General expense
Cash
reception
23Mar Cost of goods sold
Inventories
Account receivable
Sales
Account payable
Sold inventories
31Mar Wage expense
Cash
paid salaries
31Mar Interest expenses
Interest payable
Adjustment on March 31

136,105.0
136,105.0
204,159.0
183,743.1
20,415.9

63,000.0
63,000.0

11,000.0
11,000.0

4,000.0
4,000.0

450,128.0
450,128.0
675,192.0
607,672.8
67,519.2

42,400.0
42,400.0

2633.3
2633.3

4/ Post to legers
Ledger-Cash
Cash
Date
PR
10-Jan

Debit
Credit
100000

Balance
337051.9

11-Jan
31-Jan
10-Feb
17-Feb
28-Feb
2-Mar
6-Mar
15-Mar
20-Mar
31-Mar

20,000.0
42,400.0
378,223.6
3,975.0
42,400.0
503,230.0
320,270.0
11,000.0
4,000.0
42,400.0

317,051.9
274,651.9
652,875.5
648,900.5
606,500.5
103,270.5
423,540.5
412,540.5
408,540.5
366,140.5

Ledgers-Account receivable
Account
Receivable
Date
PR
15-Jan
10-Feb
22-Feb
25-Feb
6-Mar
10-Mar
23-Mar

Debit
Credit
382,044.0
382,044.0
231,075.0
92,430.0
323,505.0
204,159.0
675,192.0

Balance
457,231.4
75,187.4
306,262.4
398,692.4
75,187.4
279,346.4
954,538.4

Ledger-Note payable
Note payable
Date
PR
10-Jan

Debit

Credit
Balance
100,000.0
232,230.7

Ledger-Wage expense
Wage Expensive
Date
PR
31-Jan
28-Feb
31-Mar

Debit
Credit
42,400.0
42,400.0
42,400.0

Balance
42,400.0
84,800.0
127,200.0

Ledger-Rent expense
Rent Expense
Date
PR
11-Jan

Debit
Credit
20,000.0

Balance
20,000.0

Ledger-Inventories
Inventories
Date
PR
1-Jan
15-Jan
22-Feb
25-Feb
2-Mar
5-Mar
7-Mar
10-Mar
12-Mar
23-Mar

Debit
Credit
513,500.0
254,696.0
154,050.0
61,620.0
10,270.0
211,300.0
420,000.0
136,105.0
63,000.0
450,128.0

Balance
731,557.5

476,861.5
322,811.5
261,191.5
250,921.5
462,221.5
882,221.5
746,116.5
683,116.5
232,988.5

Ledger-Sales
Sales
Date
PR
15-Jan
22-Feb
25-Feb
10-Mar
23-Mar

Debit

Credit
Balance
343,839.6
343,839.6
207,967.5
551,807.1
83,187.0
634,994.1
183743.1
818,737.2
607672.8 1,426,410.0

Ledger-Cost of goods sold


Cost of goods sold
Date
PR
15-Jan
22-Feb
25-Feb

Debit
Credit
254,696.0
154,050.0
61,620.0

Balance
254,696.0
408,746.0
470,366.0

10-Mar
23-Mar

136,105.0
450,128.0

606,471.0
1,056,599.0

Ledger-Account payable
Account payable
Date
PR
1-Jan
15-Jan
22-Feb
25-Feb
2-Mar
5-Mar
7-Mar
10-Mar
12-Mar
23-Mar

Debit

Credit
Balance
513,500.0
38,204.4
23,107.5
9,243.0
211,300.0
420,000.0
20,415.9

63,000.0
67,519.2

Debit
Credit
3,975.0
4,000.0

Balance
3,975.0
7,975.0

Ledger-Sales discounts
Sales discounts
Date
PR
10-Feb
6-Mar

Debit
Credit
3,820.4
3,235.1

Balance
3,820.4
7,055.5

Ledger-Marketing expense
Marketing
expense
Date
PR
15-Mar

931,129.1
954,236.6
963,479.6

513,500.0

Ledger-General expense
General expense
Date
PR
17-Feb
20-Mar

892,924.7

Debit
Credit
11,000.0

Balance
11,000.0

1,174,779.6
1,594,779.6
1,615,195.5
1,552,195.5
1,619,714.7

Ledger-Interest expense
Interest expense
Date
PR
31-Mar

Debit
Credit
2,633.3

Balance
2,633.3

Ledger-Interest payable
Interest payable
Date
PR
31-Mar

Debit

Credit
Balance
2,633.3 2,633.3

6-7-8/

Cash
Account Receivable
Note payable
Inventories
Cost of goods sold
Account payable
Sale discount
Sales
Rent Expense
Wage Expensive
General expense
Marketing expense
Interest expense
Interest payable
Total

Unadjusted Trial Balance


Adjustments
Adjusted Trial Balance
DR.
CR.
DR.
CR.
DR.
CR.
129,088.6
129,088.6
879,351.0
879,351.0
100,000.0
100,000.0
14,931.0
14,931.0
1,056,599.0
1,056,599.0
726,790.0
726,790.0
7,055.4
7,055.4
1,426,410.0
1,426,410.0
20,000.0
20,000.0
127,200.0
127,200.0
7,975.0
7,975.0
11,000.0
11,000.0
2,633.3
2,633.3
2,633.3
2,633.3
2,253,200.0 2,253,200.0
2,255,833.3 2,255,833.3

Income Statement
TaTa Motor Limited
Income Statement
DR
Revenues
Sales
Total Revenues
Operating Expense
Rent Expense
Wage Expensive
General expense
Marketing expense
Sale discount
Interest expense
Total Expense
Net Income

CR
1,426,410.00
1,426,410.00

20,000.00
127,200.00
7,975.00
11,000.00
7,055.40
2,633.30
175,863.70
1,250,546.30

Statement of owner's equity


TaTa Motor Limited
Income Statement
Owner's capital
Add
Less
Increase Capital
Owner's capital

403,530.7
Net Income
Investement by ower
Withdrawals

1,250,546.30
0.0
0.0
1,250,546.3
1,654,077.0

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