Mumbai Kamgar M.G.S.S.Maryadit CKS: Apna Bazar Co-Op Department Store (Mulund)

INTERIM STATUTORY AUDIT REPORT
MUMBAI KAMGAR
M.G.S.S.MARYADIT
CKS
APNA BAZAR CO-OP
DEPARTMENT STORE (MULUND)
By Sanjay Rane & Associates (Chartered Accountants)
Period: From 1st April 2018 to 30th September 2018
Interim Statutory Audit Report Apna Bazar co-op Departmental Store
Half Year Ended- September, 2018 Mulund Departmental Store
APNA BAZAR
MULUND DEPARTMENTAL STORE
AUDIT PERIOD 01.04.2018 TO 30.09.2018
INDEX
SR NO. PARTICULARS PAGE NO.
1 Yearly performance 3-4
2 Ratio Analysis 4
3 Half Yearly Comparative Sales 5
Performance
4 Half Yearly Comparative 6
Purchase Performance
5 Half Yearly Comparative 7
Purchase and Sales
Performance
6 Half Yearly Closing Stock 7
Valuation
6 Sales Target, internal Control 7-8
Compliance, Staff Strength and
Counter Agreement
7 Balance sheet Scrutiny 8-13
8 Profit & Loss vouching 13-16
9 Irregularities & Suggestions 17
10 Annexure 18-20
11 Vote of Thanks 21
Sanjay Rane & Associates

Chartered Accountants 2
The Mumbai Kamgar Madhyavarti Grahak Sahakari Sanstha Ltd

Apna Bazar: Mulund Departmental Store
Statutory Audit Report: 01.04.2018 to 30.09.2018
1.0 HALF YEARLY PERFORMANCE :

1.01 Financial Overview:
Particulars Half Year ended Half Year ended Growth

Sept-18 Sept-17
(Rs. In % (Rs. In % (Rs. In %
Lakhs) Lakhs) Lakhs)
Sales 341.35 100.00 392.48 100.00 (51.13) (13.03)
Cost of Material 293.62 86.02 341.93 87.12 (48.31) (14.13)
Consumed
Direct Income 2.13 0.62 6.56 1.67 (4.43) (67.49)
Direct Expenses 6.98 2.05 8.08 2.06 (1.10) (13.61)
Gross Profit 42.88 12.56 49.03 12.49 (6.15) (12.54)
Indirect Expenses 25.74 7.54 25.65 6.54 0.09 0.36
Indirect Income 3.33 0.97 2.05 0.52 1.28 62.29
Net Profit / (Loss) (16.71) (4.89) (13.15) (3.35) (3.56) 27.04
Analysis of the above tabulated financials,

 From the above table, it is observed that the Sales have decreased by Rs. 51.13 Lakhs
i.e. 13.03 % as compared to corresponding previous period April 2017 to Sept. 2017. It
is mainly because of decline in purchases, as purchase from unregistered dealers was
not made during this period as per the instructions by the management.
 However, Gross profit has decreased by Rs. 6.15 Lakhs i.e. 12.54% as compared to
previous period April 2017 to Sept. 2017. This is mainly due to reduction in Cost of
Material Consumed. The Cost has been reduced by Rs. 48.31 Lakhs which is 14.13% of
the cost of the period April 2017 to Sept. 2017.
 Net Loss has increased by Rs. 3.56 Lakhs i.e. 27.04 % as compared to previous period
April 2017 to Sept. 2017. Entity booked loss in corresponding previous period of Rs.
13.15 Lakhs.
 The financial performance of the department during the current audit period is
unsatisfactory, considering the gross profit and net profit of comparative period

Variations in financial performance can be easily understood by the following

graphical presentation, (y axis reflect INR In lakhs)
1000
100
SEPT 18 ENDED
SEPT 17 ENDED
10
1
SALES COST OF DIRECT DIRECT INDIRECT INDIRECT
MATERIALS INCOME EXPENSES INCOME EXPENSES
1.02 Ratio Analysis:
Year ended Year ended

Ratios
September’18 September’17
Stock turnover 7.69 times 6.37 times
Gross Profit Ratio 12.56% 12.49%
Net Profit Ratio (4.89)% (3.35) %
Observation:
 Stock turnover ratio has increased as compared to corresponding previous period.
 Since the inventory turnover has increased, means sanstha is selling goods very
quickly and there is good demand for their product.
 Gross profit ratio has increased to 12.56% from 12.49% during the audit period April
to Sept 2018. The Net Loss Ratio has increased as compared to corresponding
previous period.

1.03 Half Yearly Comparative Sales Performance:

 Product wise turnover is as follows:
Year ended Year ended Growth

Particulars Sept 2018 Sept 2017
TOTAL SALES 341.35 100.00 392.48 100.00 (51.13) (13.03)
COUNTERS - - 2.59 0.66 (2.59) (100.00)

ELECTRICS 1.39 0.41 2.58 0.66 (1.19) (46.19)
HOSIERY 6.78 1.99 7.83 2.00 (1.05) (13.39)
MEDICAL 29.54 8.65 35.82 9.13 (6.27) (17.51)
PROVISION 293.19 85.89 338.53 86.26 (45.34) (13.39)
STATIONERY 0.79 0.23 1.06 0.27 (0.28) (25.94)
UMBRELLA 2.50 0.73 2.14 0.54 0.36 16.88
UTENSILS 4.72 1.38 0.05 0.01 4.67 9340.00
PLASTIC 2.45 0.72 1.88 0.48 0.57 30.32
Variations in sales can be easily understood by the following graphical presentation,

(y axis reflect INR In lakhs)
1,000.00
100.00
10.00
1.00 Sep-18 Ended

Sep-17 Ended
0.10
0.01

1.04 Half Yearly Comparative Purchase performance:

 Product wise purchase is as follows:
Particulars Year ended Year ended Growth
Sept 2018 Sept 2017
TOTAL PURCHASES 297.79 100.00 345.18 100.00 (47.39) (13.73)
COUNTERS - - 2.64 0.77 (2.64) (100.00)

PROVISION 255.11 85.67 295.88 85.72 (40.77) (13.78)
ELECTRICS 1.61 0.54 1.45 0.42 0.16 10.75
HOSIERY 7.10 2.38 5.83 1.69 1.27 21.79
MEDICAL 25.70 8.63 32.24 9.34 (6.54) (20.29)
PLASTIC 1.91 0.64 1.16 0.34 0.75 64.41
STATIONERY 0.68 0.23 0.89 0.26 (0.21) (23.31)
UMBRELLA 1.45 0.49 2.63 0.76 (1.18) (44.85)
UTENSIL 4.22 1.42 2.44 0.71 1.78 72.82
1.05 Half Yearly Comparative purchase & Sales Performance:

(Rs. In Lakhs)
Particulars Year ended Sept. 2018 Year ended Sept 2017
Purchase Sales Purchase Sales

COUNTERS - - 2.64 2.59
PROVISION 255.11 293.18 295.88 338.53
ELECTRICS 1.61 1.39 1.45 2.58
HOSIERY 7.10 6.78 5.83 7.83
MEDICAL 25.70 29.54 32.24 35.82
PLASTIC 1.91 2.45 1.16 1.88
STATIONERY 0.68 0.79 0.89 1.06
UMBRELLA 1.45 2.5 2.63 2.14
UTENSIL 4.22 4.72 2.44 0.05
TOTAL 297.79 341.35 345.18 392.48
Variations in comparative Purchase & sales for the period April ’18 to September ‘18 can be
easily understood by the following graphical presentation, (y axis reflect INR In lakhs)

1,000.00
100.00
10.00
Purchase-18
1.00
sales-18
0.10
0.01
1.06 Half Yearly closing stock valuation:
As on 30th Sept. 2018

Particulars
Amount (Rs. In Lakhs)
Provision 30.09
Medical 7.53
Electric 1.04
Hosiery 1.86
Utensils 3.00
Plastics 0.7
Stationery 0.06
Umbrella 0.14
Total 44.41
2.00 Sales Target :

 As informed head office had set a target of Rs. 461.11 Lakhs for the period ending
30th September 2018; however the department store achieved sales of Rs. 341.35
Lakhs, which indicates that department has failed to reach its target. Efforts should
be made to increase sales turnover. There was a shortfall in sales by Rs. 119.76 Lakhs.

3.00 Internal control & accounting work :

 The entity has internal audit team. The team conducts internal audits on quarterly
basis and submits the report to Head Office. During the audit period, internal audit
for the first two quarters i.e. from April’18 to Sept’18 was conducted.
 Accounting of departmental store is carried out in Tally ERP as well as in SANVIK
software. Purchase Register is maintained in SANVIK software and the balance part
is covered in Tally.
 Entity has appointed a local managing to have a control on the transaction of the
department.
4.00 Compliance :
 Department has sent rectification report to Head Office complying the observation in
the audit report for the period ended 31st March 2018.
5.00 Strength of Staff

 As per information given 32 staff is working at Mulund department (Refer
Annexure1)
6.00 Counter Agreement :

 Departmental stores has practice of letting out counters for which they charge
commission per month on the basis of sales made during the month or fixed rent
whichever is higher. (Refer Annexure 2)
SCRUTINY OF BALANCE SHEET
7.00 Liability:
7.01 Sundry Creditors – Rs. 42,73,530.50
 It includes amount of creditors of Rs. 1,45,185.00 pending from more than 12 months
(refer annexure 3)
 The society must take action against pending balances.
 Note: Age-wise creditors were not provided for verification.

7.02 Sundry creditors others – Rs. 4,71,419.67/-

 It includes old sundry Creditors as on September 2018 amounting to Rs. 4.71 Lakhs.
 The society should write back the old balances after prior approval of the
management.
 Age –wise listing was not provided for verification by Sanstha.
7.03 Sundry creditors Expenses – Rs. 64,709.00/-

 Followings are the Sundry creditors for expenses.
AMOUNT
Name Particulars
(Rs.)
Adroit Lables And Technologies Packing Material 24,586.00
Bright Packaging Packing Material 24,166.00
Sunidhi Stationary Point Printing & Stationary 15,369.00
Shakti Crafts - Exp Packing Material 588.00
Total 64,709.00
7.04 Provision for Expenses – Rs. 4,53,419.22/-
AMOUNT
PARTICULARS (Rs.)
Salary Expenses Officers 2,542.00
Home Delivery Expenses 1,040.00
Salary Permanent Employees 1,88,442.00
Salary Temporary Employees 35,156.00
Electricity Expenses 1,04,567.00
Telephone Expenses. 2,915.22
Discount On Coupon (Sodexo) 4410.00
Rent , Rates & Taxes 90,482.00
Discount On Bank Card (Yes Bank) 3042.00
Discount On Bank Card (Axis Bank) 85
Salary Others 1400.00
Water Charges 8842.00
Printing & Stationary 323.00
General Expenses 3,451.00
Repairs and Maintenance 6,650
Discount On Mobikiwik E Wallet 52.00
Discount On PayTm E Wallet 20.00
TOTAL 4,53,419.22

 Entity follows mercantile accounting policy for expenses and makes provision for
expenses incurred at the end of the month.
 Journal vouchers are verified along with authorizes supporting and found same in
an order.
Provisions
1%
0% 0%
1%
0%
0% 1%
0%
1% 1% HOME DELIVERY EXP.
0%
2% Sundry Exp. Officers
General Expenses
Rent Rates & Taxes
20%
Salary Temparary Employees
Salary Permanent Employees
23%
Postage & Telephone Exp.
Electricity Expenses
8% Water Charges
Printing & Stationery
1%
Discount On Sodexo Card
Discount On Yes Bank
Discount On Axis Bank
Salary Others
42% Repair & Maintainance
Discount on Mobikiwik E Wallet
Discount on Paytm E Wallet
7.05 Advance Against Sale- Rs. 53,216.00/-

 The aforesaid amount is received in advance for sale, and the sale is made in the next
month against the same.
 Out of total advance received, Rs. 2,016 pertains to Jhila Adhikari office which is
pending since last year.
7.06 Paytm Extra Payment Rs. 803.88/-.

 Excess amount received under Paytm from Head office for the month of September
2018 is adjusted under this head.
7.07 Coupons Extra – Rs. 654.00/-

 The amount of shortage on sodexo and Ticket restaurant Coupons is adjusted under
this head.
7.08 Advance Income Rs. 8,334.00/-

 The aforesaid amount is received in advance from S S Enterprise and Pks Food Pvt.
Ltd. For the month of November 2018.
7.09 Inter Branch Reconciliation – Rs. 29,10,410.61/-

 Branch accounts are reconciled as on. 30.09.2018
 For confirmation, department takes signature of the branch in charge of respective
branches or departments along with a stamp on reconciliation statement
8.00 Asset:
8.01 Fixed Asset :
 Asset account is maintained at head office & additions / deletions at branch
transferred at H.O.
 No addition or deduction to fixed assets during the year.
8.02 Closing Stock as on 30th Sept. 2018 – Rs. 44,40,645.00/-

 It includes :
Particulars Amount (Rs.)
Provision 30,08,592.00
Medical 7,53,278.00
Electric 1,03,666.00
Hosiery 1,85,791.00
Utensils 2,99,731.00
Plastics 69,636.00
Stationery 5,988.00
Umbrella 13,964.00
Total 44,40,645.00

Closing stock as on 30th Sept '18

2% 0% 0%
4%
2% 7%
Provision
Medical
17% Electric
Hosiery
68% Utensils
Plastics
Stationery
Umbrella
 Physical verification of stock was carried on 27.09.2018.

 The Physical stock was in shortage by Rs. 43,908 as per physical verification and as
per liability register. (Refer Annexure 4).
8.03 Deposit – Rs. 1,43,121.00/-

 This account consists of deposit paid to various authorities/ entities.(For details refer
Annexure 5)
 There are no additions in deposits.
8.04 Loans And Advances (Assets)- Rs.25,000/-
 The amount pertains to the advance paid to the Employee for Ganpati Festival.
 The aforesaid amount is recovered from the salary of the staff in next month.
8.05 Sundry Debtors – Rs. 4,76,385/-
 It includes the following:
1) Sundry Debtors – Mobile Wallet: Rs. 7,255/-
Particular Amount
Mobikwik 5,240
Paytm 2,015
Total 7,255
2) Sundry Debtors – Bank Card: Rs. 2,83,466/-

 The branch has bank cards particularly of Axis bank & Yes bank on which
appropriate charges are deducted by the respective bank.
3) Sundry Debtors - Card: Rs. 1,71,368/-
 It Includes sales amount Rs. 1.71 Lakhs to be realized from Sodexo Card issuing
authority.
4) Sundry Debtors – Coupons: Rs. 14,296/-
Particular Amount
Bombay Bazar 14,296
Total 14,926
8.06 Cash in Hand – Rs. 2,63,416.88/-

 Cash was physically verified by H.O. personnel’s as per instruction given by Head
Office as on 01.07.2018, the same tallied with books. Physical cash verification was
not carried out by the dept. on 30th Sept 2018.
 Cash was physically verified by us on 01.12.2018 and found in order.
8.07 Bank Accounts – Rs. 4,21,325.36/-
 Department has Bank account with Bharat Co. Op. Bank Ltd.
 Reconciliation is carried out on monthly basis.
8.08 Packing Material – Rs. 23,779/-
 It pertains to stock of packing material that was unutilized as on 30.09.2018.
8.09 Prepaid Expenses – Rs. 45386.34/-
 Prepaid expenses pertain to amount paid for license fees.
8.10 Investment – Rs. 1,300/-
 It includes old investment which is pending since many years but is not yet written
off.
SCRUTINY OF PROFIT & LOSS ACCOUNT:
9.0 DIRECT EXPENSES

9.01 Expenses A/c (Packing Material) – Rs. 96,160/-
 Expenses account pertains to packing material expenses.
 Packing material expenses has reduced to Rs. 96,160 from 1, 60,679.5 during the
audit period.
4.01 Discount Expenses - Rs. 2,43,771.24/-
 It includes Discount expense for Bank cards Rs. 1,41,485.48/- and Discount expense
for coupon Rs. 6,924/-
 In order to increase sales, discounts are given to customers after confirmation
received from Head Office.
4.02 Other Expenses : Rs. 95,361.76/-

Above amount includes the following head:
Particulars Amount
Transportation Charges 14,550
Akshay Coupon HO charges 16,204
APMC Exp 2,65,444.13
GPRS charges (Yes Bank) 35,671.20
Purchase Rebate 26,423.50
Discount on cash sale 93
Discount on Mobikwik E wallet 3,66.19
Discount on Paytm E wallet 7,29.02
Discount on Sodexo Card 94,173.55
Total 4,53,654.59
10.0 Indirect Expenses

5.01 Salary – Rs. 3716761.00
 Salary expenses have decreased by Rs. 1.41 Lakhs as compared to period ended
30.09.2017.Salary expenses includes amount of salary of department & salary
appropriation of Head Office.
5.02 Bank Interest – Rs. 5,51,250.00/-

 Proportionate allocation of bank interest is made by head office which is debited in
this account.
5.03 Advertisement Expenses – Rs. 17,068.00/-

 Department has booked expenses incurred on payment basis & paid at department
level and made further provision @ 0.05% of Sales to Head office as per instruction of
Head Office.

5.04 Rent, Rates and Taxes – Rs. 14,73,702.09/-

 The premise of Mulund department is on rental basis. These expenses are related to
rent, license expenses, electricity expenses, water charges and insurance charges.
5.05 Repairs & Maintenance – Rs. 1,79,632.60/-

 Expenses on account of repairs and maintenance have increased by Rs. 1.09 Lakhs as
compared to period ended 30.09.2017.
5.06 General expenses – Rs. 1,70,067.47/-

 Department has booked expenses incurred on accrual basis & made further
provision @ 0.05% of Sales to Head office as per instruction of Head Office.
5.07 Printing & Stationary – Rs. 34,135.12/-

 Expenses on account of Printing & Stationary have decreased by Rs. 6,649.88/- as
compared to period ended 30.09.2017.
 Department has booked expenses incurred on payment basis & made further
provision @ 0.10% of Sales to Head office as per instruction of Head Office.
5.08 Audit Fees – Rs. 17,068.00/-

 Department has made provision of 0.05% of sales as per instruction of head office for
department share of expenses incurred by head office.
5.09 Depreciation – Rs. 73,638.00/-

 Department has policy to book depreciation at 5% less than booked in last year and
10% on additional fixed asset.
5.10 Bank Charges – Rs. 93,80.50/-

 Bank charges include interest on OD account maintained by branch, same should be
shown separately under Bank Interest.
5.11 Other Expenses – Rs. 48,517.90/-

 It includes following expenses:
Particulars Amount (Rs.)
Meeting Expenses 7,030.00
Postage & Telephone Exp. 20,386.90

Conveyance & Travelling 4,033.00

Consultant Fee -H.O. 17,068.00
Total 48,517.90
11.00 Direct Income – Rs. 2,13,198.48/-

 Direct income has decreased by Rs. 4.43 Lakhs as compared to period April ’17 to
September ’17 due to fewer discounts from traders and decrease in sale of gunny
bags.
12.00 Indirect Income – Rs. 332516.69/-

 Indirect income comprises of income from counter rent of Rs. 0.88 Lakhs, income
from Demo and Display Rs. 2.13 Lakhs, Other Income of Rs. 0.30 Lakhs and Other
Receipts Rs. 0.02 Lakhs. Indirect income has increased by Rs. 1.28 Lakhs as compared
to period from April ’17 to September ’17.
 Departmental store let out counters to private parties. Consideration for said
counters is either fixed rate per month, or in form of % on sales made during the
month.
 Counter sale is shown separately with other sale.

PART C
IRREGULARITIES & SUGGESTIONS

1) For Cash and Bank vouchers Journal Entries, adequate narration is not provided.
2) Quantity wise details must be entered in the stock inward register. Also, separate
register must be maintained for the movement of inventory from godown to racks for
sale, stating quantitative details, coding and numbering of each & every item.
3) Inter branch reconciliation as well as reconciliation with Head Office must be carried
out on Monthly basis.
Annexure 1
Strength of Staff
Particulars No. of employees

Manager 1
Ass. Manager 1
Godown Keeper 1
Pharmacist 2
Accountant 1
Sr. Clerk 1

Sr. Cashier 1
Clerk 2
Cashier 3
Salesman 7
Mazdoor 6
Packer 2
Security Guard 2
Sweeper 1
Shop Asst. 1
Total 32
Annexure 2:
Details of counter agreement:
Sr.N Particulars Rent/commission Deposits Agreement
o. Received Period
1 Eye Care 10,480/- + GST 18% + 2,500 36,000/- 01.04.2018 to

Optics (Electricity charges) 31.03.2019
Annexure 3:
Details Old Creditors (Pending for >12months)
Particulars Amount
Sundry-Crditors Counters 1,435.00
A3 ORGANICS 17180 1,820.00
AMJEES (15660) 5,183.00
ARIHANT AGENCY-15682. 1,457.00
ASHIRWAD TRADING-13752. 3,609.00
ASHISH MARKETING-8281. 2,504.00
AVENUE SUPERMARKET LTD 17282 115.00

BREADKRAFT-10895. 18,963.00
DRUMS FOOD INTERNATIONAL PVT LTD 17572 14,149.00
FRESHGRIND FOODS 17841 9,872.00
GAUR FOODS PVT LTD - 14747. 2,333.00
GLOBAL TRADING 17655 1,224.00
GLOBE ENTERPRISES 16213 1,957.00
HARIA TRADING CO-15642 517.00
HECTOR BEVERAGES PVT.LTD. 17316 1,825.00
INFRA TECH THERMAL IMPEX (MU) 17651 278.00
JAIN FARM FRESH FOODS LTD.-18027 1,248.00
JYOTHY LABORATORIES LIMITED 16592 29,575.00
KUMAR AGENCY 17496 6,748.00
LUCRATIVE IMPEX PVT. LTD. 16590 2,098.00
MAHARAJA TRADERS-10718. 2,912.00
NATIONAL COOP.CONS.FED.OF IND.-8849. 3,906.00
NATURAL FARMS WAFERS AND NAMKEEN 5,331.00
16382
N.M.MASALA AND FOOD EXPORTS PVT. LTD. 2,154.00
17809
N.R.CORPORATIONS. 2,994.00
NUTRIZO WELLNESS PVT.LTD. 17601 679.00
PARAG MILK FOODS LTD. 17676 145.00
RAJ ENTERPRISES-12806. 9,900.00
ROYAL ENTERPRISES 16967 525.00
SHREE KRISHNA MILK SUPPLYING ( 17636 ) 3,873.00
TRADELINK INTERNATIONAL (17638 ) 1,281.00
VARSHA MILK CENTER ( 17667 ) 4,409.00
VIDHANT FOODS 16890 166.00
Total
1,45,185.00
Annexure 4:
Details of Excess / Shortage of Stock as on 30.09.2018
Stock as per Stock as per
Excess /
Particulars liability statement % Sales
(Shortage)
register (Physically)
Provision 42,70,995.00 42,30,072.00 0.00 286,90,958.00
(40,923.00)
Plastic 96,177.00 1,25,918.00 11.91 2,49,681.00
29,741.00
Stationary 8,712.00 9,980.00 1.63 78,001.00
1,268.00
Electric 1,49,268.00 1,18,761.00 22.73 1,34,186.00

(30,507.00)
Hosiery 2,63,768.00 2,61,355.00 0.36 6,63,856.00
(2,413.00)
Umbrella 18,693.00 17,022.00 0.67 2,49,738.00
(1,671.00)
Utensil 4,21,457.00 4,22,245.00 0.00 4,52,697.00
788.00
Medical 10,38,296.00 10,38,105.00 0.01 28,94,862.00
(191.00)
Total 62,67,366.00 62,23,458.00 9.61 334,13,979.00
(43,908.00)
Annexure 5:
Details of deposits made:
Particulars Amount
Asstt. Collector Rationing 500.00
Bombay Soft Drink 720.00
Mahanagar Palika 170.00
M.S.E.B. 1,37,810.00
Municipal Corporation 3,921.00
Total 1,43,121.00
Vote of Thanks:
We express our sincere gratitude for the support & co-operation received from the
manager, the staff and local committee members during the course of audit.
Place: Mumbai for Sanjay Rane & Associates

Date: Chartered Accountants
Partner



Mumbai Kamgar M.G.S.S.Maryadit CKS: Apna Bazar Co-Op Department Store (Mulund)

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INTERIM STATUTORY AUDIT REPORT

Sanjay Rane & Associates

The Mumbai Kamgar Madhyavarti Grahak Sahakari Sanstha Ltd

1.0 HALF YEARLY PERFORMANCE :

Particulars Half Year ended Half Year ended Growth

Analysis of the above tabulated financials,

Sanjay Rane & Associates

Variations in financial performance can be easily understood by the following

1.02 Ratio Analysis:

Year ended Year ended

Sanjay Rane & Associates

1.03 Half Yearly Comparative Sales Performance:

Year ended Year ended Growth

COUNTERS - - 2.59 0.66 (2.59) (100.00)

Variations in sales can be easily understood by the following graphical presentation,

1.00 Sep-18 Ended

Sanjay Rane & Associates

1.04 Half Yearly Comparative Purchase performance:

COUNTERS - - 2.64 0.77 (2.64) (100.00)

1.05 Half Yearly Comparative purchase & Sales Performance:

Purchase Sales Purchase Sales

Sanjay Rane & Associates

1.06 Half Yearly closing stock valuation:

As on 30th Sept. 2018

2.00 Sales Target :

Sanjay Rane & Associates

3.00 Internal control & accounting work :

5.00 Strength of Staff

6.00 Counter Agreement :

SCRUTINY OF BALANCE SHEET

Sanjay Rane & Associates

7.02 Sundry creditors others – Rs. 4,71,419.67/-

7.03 Sundry creditors Expenses – Rs. 64,709.00/-

7.04 Provision for Expenses – Rs. 4,53,419.22/-

Sanjay Rane & Associates

7.05 Advance Against Sale- Rs. 53,216.00/-

7.06 Paytm Extra Payment Rs. 803.88/-.

7.07 Coupons Extra – Rs. 654.00/-

7.08 Advance Income Rs. 8,334.00/-

7.09 Inter Branch Reconciliation – Rs. 29,10,410.61/-

8.02 Closing Stock as on 30th Sept. 2018 – Rs. 44,40,645.00/-

Sanjay Rane & Associates

Closing stock as on 30th Sept '18

 Physical verification of stock was carried on 27.09.2018.

8.03 Deposit – Rs. 1,43,121.00/-

2) Sundry Debtors – Bank Card: Rs. 2,83,466/-

Sanjay Rane & Associates

8.06 Cash in Hand – Rs. 2,63,416.88/-

SCRUTINY OF PROFIT & LOSS ACCOUNT:

9.0 DIRECT EXPENSES

4.02 Other Expenses : Rs. 95,361.76/-

10.0 Indirect Expenses

5.02 Bank Interest – Rs. 5,51,250.00/-

5.03 Advertisement Expenses – Rs. 17,068.00/-

Sanjay Rane & Associates

5.04 Rent, Rates and Taxes – Rs. 14,73,702.09/-

5.05 Repairs & Maintenance – Rs. 1,79,632.60/-

5.06 General expenses – Rs. 1,70,067.47/-

5.07 Printing & Stationary – Rs. 34,135.12/-

5.08 Audit Fees – Rs. 17,068.00/-

5.09 Depreciation – Rs. 73,638.00/-

5.10 Bank Charges – Rs. 93,80.50/-