INC

ICFAI NATIONAL COLLEGE

Live Project
On

Topic

Accounting for Managers &

Financial Management

“A Study of subsidiary Books

of a Retail/Grocery Shop in
Akola City.”

Submitted in the fulfillment of

requirement for Live Project
of M.B.A. Batch 2008-2010.
Guided by:
Mr.Rajkumar M. Sharma
(Faculty member of INC, Akola.)
Submitted by:
Mr.Mandar U. Naik
 CERTIFICATE

This is to certify that the Live Project entitled

“A Study of subsidiary Books of a
Retail/Grocery Shop in Akola City”. The
bonafied work done by Mr.Mandar U.Naik.
Student of ICFAI National College, Akola
submitted in the partial fulfillment of the
requirements for Live Project conducted by
ICFAI National College.

Mr.Rajkumar M. Sharma
( Faculty Member of INC, Akola.)
 DECLARATION

I hereby declare that this live project

report is a result of my project work and
the same has not been previously
submitted to any examination of this
university or any other university.

Place: Akola.
Date:
 Contents:
# Objectives

# Introduction

# Methodology

# Data Analysis

# Conclusion

# References
 Objectives

 To analysis the cash book,

purchases book, sales book.

 To know that how to maintain

subsidiary books.

 To know how to use this

subsidiary books in business.

 To know how to locate

transactions in it
 Introduction

Subhash general kirana stores is

situated in Jatharpeth, Akola. It
has started it business in the year
1970-71. It is having its three
branches. Two of them are in Akola
and one is at Hivarkhed. In Akola
which is having two shops owned
by him and his brother. The owner
of this shop is Vijay Satav. He is
renowned and good person.
He gives good quality of goods and
fresh material. He sells his
products and goods at reasonable
rate. He gives suggestions to his
customers to purchase the goods.
 In this project the researcher
study the various books maintained
by him. The researcher also
studied the books like purchases
book, sales book and cash book.
The collected data is of Aug2008

Methodology

Method is the way of doing

something. Methodology means
studying something from the
 particular subject. The method
which is adopted by researcher is
of accounting. The information is
collected in two ways. Primary and
Secondary data.
1. Primary data: The researcher

asked personally for the data and

asks so many questions.
2. Secondary data I have taken

help of book.

Data Analysis
AUG 1 Opening balance38000.
AUG 1 Rent paid 2000.
AUG 1 Parle G biscuits purchased from Henna agencies Rs. 4
@200.
AUG 2 Purchase soaps of LUX from Jaytilal Dwarkadas Rs.40
in qty100.
AUG 2 Cash received from Mr.Godbole of Kirana Rs.1525.
AUG 2 Blades sold to Shital General stores Rs.5000.
AUG3 Chocolates sold to Vardhaman general store 1000.
AUG3 Wages paid of Satish 1000.
AUG4 Tube lights, bulbs, purchased purchased from Wipro

dealer Rs45@100qty.

AUG6 Groundnut oil purchased from Arivind Mills Rs. 10000.

AUG7 Interest received from S.B.I. Rs. 5000.

AUG7 Bru coffee purchased from Akola Tea Merchant
500qty@ Rs.10 each.
AUG8 Furniture purchased Rs.2000.
AUG10 Colgate toothpastes sold to Vishnu kirana shop Rs 25
@10pcs.
AUG15 Shampoos purchased from CG marketing Rs. 100 in
25 each.
AUG18 REGERATOR SOLD OF GODREJ COMPANY RS.3800.
AUG19 REPAIRS Charges Paid for showcase RS. 200.
AUG21 TELEPHONE Bill paid 800.
AUG22 AGARBATIS sold TO SAI BABA kirana STORES RS.10
@ 100
AUG23 PENCIL CELLS sold Rs.7@100 QTY.TO

NIHALGENERAL STORES.

AUG25 CASH received from Mrs. Agrawal of kirana Rs.525.

AUG26 CASH received from Mr. Baheti of kirana Rs.925.

AUG27 Stationery purchased for shop Rs. 200.

AUG28 Cash withdrawn from Maharashtra bank Rs.20000.

AUG30 Cash deposited into bank Rs.5000.

ANALYSIS

• CASH BOOK IS HAVING THE BALANCE IS 28,975

AND HIS PROFIT IS 9,025.
• THE PURCHASSE BOOK BALANCE IS 29,900 IT MEANS
HE PURCHASED THE GOODS FROM VARIOUS PEOPLE.
• THE BALANCE OF SALES BOOK IS 21,500 IT MEANS HE
SOLD GOODS ON CREDIT BASIS.
 CONCLUSION

1. THE ANALSIATION OF BOOKS ARE DONE PROPERLY.

2. THE BOOKS ARE MAINTAINED BY HIM PROPER AND
GET IT AUDITED BY C.A.
3. THE TRANCTIONS ARE LOCATED PROPRELY.

REFERENCES

ACCONTING FOR MANAGERS-ICFAI PUBLICATION

FINACIAL MANAGEMENT-ICFAI PUBLICATION