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Pratima Steel

The Trading & Profit & Loss Account for the year ending 31.03.2022 shows total sales of Rs. 2,14,96,604.53 and a net profit of Rs. 4,73,511.12 after accounting for various expenses. The liabilities section includes a capital account with a net profit addition and several sundry creditors. The assets section details fixed and current assets totaling Rs. 73,19,277.80.

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Smruti rekha nanda
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8 views5 pages

Pratima Steel

The Trading & Profit & Loss Account for the year ending 31.03.2022 shows total sales of Rs. 2,14,96,604.53 and a net profit of Rs. 4,73,511.12 after accounting for various expenses. The liabilities section includes a capital account with a net profit addition and several sundry creditors. The assets section details fixed and current assets totaling Rs. 73,19,277.80.

Uploaded by

Smruti rekha nanda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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TRADING & PROFIT & LOSS ACCOUNT FOR THE YEAR ENDING 31.03.

2022
PARTICULARS AMOUNT PARTICULARS
Rs.
To Opening Stock 60,91,213.53 By Sales
To Purchases 1,46,28,012.00 By Scheme & Discount
To Direct Expenses 38,419.00 By Closing Stock
To Gross Profit c/d 7,38,960.00
2,14,96,604.53
To Staff Salary 1,40,500.00 By Gross Profit b/d
To Audit Fees 5,000.00 By Commission
To Legal Fees 6,000.00
To Depreciation 6,898.00
To Shop Expenses 10,540.00
To Interest 14,097.00
To Bank Charges 6,390.88

To Sales Promotion 5,540.00


To Carriage Outward 54,400.00
To GST Late Fees 4,050.00
To Miscellaneous Expenses 11,542.00
To Postage & Courier Expenses 426.00
To Printing & Stationary 5,565.00
To Net Profit 4,73,511.12
7,44,460.00 0.00
AMOUNT LIABILITIES AMOUNT
Rs. Rs.
1,49,79,244.00 Capital Account
11721.99 Opening Balance
65,05,638.54 Add:Net Profit
Add:Agricultural Income 3,59,885.84
0.00 2,14,96,604.53 Less:Expenses 68,400.00
7,38,960.00 Add:SB Interest
5,500.00 Add:IT Refund Interest
Total
Less:Drawings
Less:LIP
Cash Credit Account with SB I,
Bheden A/c. 117058949
Current Liabilities

Sundry Creditors
New Patra Needs 1,66,118.00
Krishna Vision 3,38,781.00
Maa Automobiles 1,65,154.00
Goutam Traders 5,407.00
Shyam Batery Care 3,86,350.00
Sarita Sales 82,778.00
0.00 7,44,460.00 Saraswati Store 1,750.00
Expenses Payable
Liability for Expenses 18,000.00
Audit Fees Payable 5,000.00
GST Payable 15,129.00
AMOUNT AMOUNT ASSETS AMOUNT
Rs. Rs. Rs.
Fixed Assets 0
52,64,876.60 Furniture & Fixture
4,73,511.12 Less:Depreciation
Computer
2,91,485.84 Less:Depreciation
47,783.00 Current Assets,Loans & Advances
Loan to Pratima Auto
60,77,656.56 Stock in Trade
2,00,560.00 TDS
1,34,862.00 57,42,234.56 Cash & Bank Balances
3,92,576.24 Cash at Bank
Balance with SBI, Bheden bank of
India A/c No. 117058949

Cash in Hand
1,66,118.00
3,38,781.00
1,65,154.00
5,407.00
3,86,350.00
82,778.00
1,750.00 11,46,338.00

18,000.00
5,000.00
15,129.00 38,129.00
73,19,277.80 -7319277.8
AMOUNT
Rs.

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