TRIAL BALANCE

PARTICULARS
Plant & Machinery
Furniture and Fittings
Bank Overdraft
Capital
Drawings
Purchases
Opening Stock
Wages
Provisions for Doubtful Debtors
Provision for Discount on Debtors
Sundry Debtors
Sundry Creditors
Bad Debtors
Bad Debts Recovered
Salaries
Salary Payable
Prepaid Rent
Rent
Carriage Inward
Carriage Outward
Sales
Advertisement Expenses
Printing & Stationery
Cash in Hand
Cash at Bank
Miscellaenous Income
TOTAL

LF DEBIT
40,500
15,250

CREDIT

160,000
115,000
15,000
230,500
132,250
22,325
5,700
1,375
152,500
77,500
2,200
1,250
32,650
5,350
500
6,500
2,350
3,250
290,600
6,750
2,200
2,300
7,250
674,275

17,500
674,275

STATEMENT OF PROFIT AND LOSS AC

D LOSS ACCOUNT OF XYZ Ltd.

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 M

Particulars
Revenue from Operations :Sales
Less: Sales return
Less: Purchase return
Other Income
Bad Debts Recovered
Miscellaneous Income
Total Revenue
Expenses :Purchases
Less: Sales return
Less: Purchase return
Less: Drawings
Less: free samples
Wages
Less: Plant & Machinery installation
Salaries
Rent
Carriage Inward
Carriage Outward
Advertisement Expenses

Add: Free samples

Printing & Stationary
Bad debtors
Provision for depriciatin on P&M
Provision for depriciation on F&F
Add New Prov for doubtful debts
Less old prov for doubtful debts
Add New Prov for discount on debtors
Less old prov for discount on debtors
Change in Stock:Closing Stock - Opening Stock
Total Expenses
Profit before exceptional and extraordinary items and tax
Exceptional items
Profit before extraordinary items and tax
Extraordinary items
Profit before tax
Tax Expense:
Current tax
Deferred tax
Profit (Loss) for the period from continuing operations
Profit (loss) from discontinuing operations
Tax expense of discontinuing operations
Profit (loss) from discontinuing operations after tax
Profit (loss) for the period :Earnings per equity share:Basic
Diluted

E YEAR ENDED 31 MARCH,2003

Balances
290,600
-550
-4,750

285,300
1,250
17,500
304,050

230,500
-5,500
-4,750
-7,500
-1,250
22,325
-750

6,750

211,500
21,575
32,650
6,500
2,350
3,250

1,250

8,000
2,200
2,200
6,188
1,525
7,625
-5,700
3,622
-1,375
-117,750
184,359
119,691
119,691
119,691

119,691

0
119,691

Balance sheet of XYZ L td.

I.

II.

L td.

BALANCE SHEET AS ON 31MARCH,2003

Balances
EQUITY AND LIABILITIES
Shareholders funds
(1) Share capital
(2) Reserves and surplus
Non-current liablities
Current Liablities
Bank Overdraft
Creditors
Add: Ram

77,500
2,500

Salary Payable

TOTAL
ASSETS
Non-current assets
(1) Fixed assets
Plant & machinery
Add: Wages
Less: Provision for dep.
Furniture & Fitings
Less: Provision for dep. on F&F
(2) Long term loans and advances
(3) Other non-current assets
Current assets

40,500
750
-6,188
15,250
-1,525

(1) Current investments

(2) Inventories
Closing Stock
(3) Trade receivables
Debtors

152,500
-7,625
-3,622

(4) Cash and cash equivalents

Cash in Hand
Cash at Bank
(5) Short-term loan and advances
Advance to Ram
(6) Other current assets
Drawings
Prepaid Rent

TOTAL

15,000
7,500

alances
115,000
114,741
-

160,000
80,000
5,350

475,091

35,063
13,725

250,000

141,253
2,300
7,250
2,500

22,500
500

475,091