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Laxmi Gift & Card Gallery Financial Projections

The document presents the projected trading and profit and loss account for Laxmi Gift & Card Gallery for the year ending March 31, 2025, showing total sales of 38,50,000 and a net profit of 8,56,550. It also includes a balance sheet detailing liabilities of 24,84,120 and corresponding assets of the same amount. Key figures include opening stock of 11,25,070, total purchases of 27,50,000, and closing stock of 14,75,120.

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45 views1 page

Laxmi Gift & Card Gallery Financial Projections

The document presents the projected trading and profit and loss account for Laxmi Gift & Card Gallery for the year ending March 31, 2025, showing total sales of 38,50,000 and a net profit of 8,56,550. It also includes a balance sheet detailing liabilities of 24,84,120 and corresponding assets of the same amount. Key figures include opening stock of 11,25,070, total purchases of 27,50,000, and closing stock of 14,75,120.

Uploaded by

Tina
Copyright
© All Rights Reserved
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

LAXMI GIFT & CARD GALLERY

PROJECTION TRADING & PROFIT AND LOSS ACCOUNT


FOR THE YEAR ENDING 31.03.2025
PARTICULARS AMOUNT PARTICULARS AMOUNT

OPENING STOCK 11,25,070.00 BY SALES 38,50,000.00

TO PURCHASES 27,50,000.00 SALES 38,50,000.00

BY CLOSING STOCK 14,75,120.00

TO GROSS PROFIT 14,50,050.00

TOTAL 53,25.120.00 TOTAL 53,25,120.00

TO INDIRECT EXPENSES 5,93,500.00 BY GROSS PROFIT 14,500,50.00


Electricity Exp. 50,000.00
Salary 5,10,000.00
Telephone & Mobile Exp. 15,000.00
Shop Exp. 18,500.00

TO NET PROFIT 8,56,550.00


TOTAL 14,500,50.00 TOTAL 14,500,50.00

LAXMI GIFT & CARD GALLERY


PROJECTION BALANCE SHEET
FOR THE YEAR ENDING 31.03.2025
LIABILITIES AMOUNT ASSETS AMOUNT

CAPITAL ACCOUNT 9,11,500.00 FIXED ASSETS 3,10,000.00

Sundry Creditors 7,16,070.00


Loans & Advances
20,72,620.00
CURRENT ASSETS
Closing Stock 14,75,120.00
Sundery Debtors 4,15,000.00
Cash & Bank Balance 1,50,000.00
Profit & Loss A/c 8,56,550.00
Other Assets 32,500.00

TOTAL 24,84,120.00 TOTAL 24,84,120.00

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