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Muskan Readymade Garments Financials 2017

The document presents the Profit & Loss Account and Balance Sheet for M/S Muskan Readymade Garments for the year ending March 31, 2017. The Profit & Loss Account shows a net profit of 264,514 against total income of 915,751, while the Balance Sheet reflects total assets and liabilities of 561,764. Fixed assets are valued at 390,303 after accounting for depreciation.

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5 views3 pages

Muskan Readymade Garments Financials 2017

The document presents the Profit & Loss Account and Balance Sheet for M/S Muskan Readymade Garments for the year ending March 31, 2017. The Profit & Loss Account shows a net profit of 264,514 against total income of 915,751, while the Balance Sheet reflects total assets and liabilities of 561,764. Fixed assets are valued at 390,303 after accounting for depreciation.

Uploaded by

rameshwarparate90
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd

M/S, MUSKAN READYMADE GARMENTS

TRADING, PROFIT & LOSS ACCOUNT


FOR THE YEAR ENDING AS ON 31st MARCH, 2017

PARTICULARS AMOUNT PARTICULARS AMOUNT


To Material and Direct Expense 316,961 By, Job Work 915,751
" Labour Expenses 93,719
" Rent 120,000
" Electrical Exp. 13,451
" Shop & General Exp. 9,478
" Stationery & Printing 5,487
" Telephone Exp. 15,262
" Travelling Expenses 15,734
" Depreciation 61,145
" NET PROFIT 264,514

TOTAL RS. : 915,751 TOTAL RS. : 915,751

Place :- Nagpur
Dated :- 17/02/2018

FOR MUSKAN READYMADE GARMENTS


M/S, MUSKAN READYMADE GARMENTS
BALANCE - SHEET
AS ON 31st MARCH, 2017

LIABILITIES AMOUNT ASSETS AMOUNT

PROPRIETOR'S CAPITAL ACCOUNT FIXED ASSETS 390,303


Opening Balance 325,715 (As per schedule "A")
Add : Net Profit 264,514
Less : Withdrawls (60,000) 530,229 SUNDRY DEBTORS & OTHER DEBIT B 125,804

CURRENT LIABILITIES & PROVISIONS CASH & BANK BALANCES 45,657


Sundry Creditors 31,535

TOTAL RS. : 561,764 TOTAL RS. : 561,764

PLACE : NAGPUR
Dated :17/02/2018

FOR MUSKAN READYMADE GARMENTS


M/S, MUSKAN READYMADE GARMENTS
FIXED ASSETS
SCHEDULE "F"
AS ON 31.03.2017

Addition
Opening Sold
Sr. Rate of Closing Balance
Particulatrs Balance as on Before After During the Total Depreciation
No. Dep. 31.03.2016
01.04.2015 30.09.2015 30.09.2015 year

1 Plant & Machinary 10% 352,578 352,578 35,258 317,320

2 Furniture 15% 25,346 25,346 3,802 21,544

2 Motor Cycle 15% 48,954 - - - 48,954 7,343 41,611

5 Computer 60% 24,570 - - - 24,570 14,742 9,828

TOTAL 451,448 - - - 451,448 61,145 390,303

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