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Projected Trading & Profit Loss Account

The document contains projected profit and loss and balance sheet statements for Naresh for the year ending March 2024. It projects total sales of Rs. 1,500,000 with a gross profit of Rs. 641,549. It projects expenses of Rs. 152,549 resulting in a net profit of Rs. 489,000. The projected balance sheet shows total assets of Rs. 1,016,850 consisting of fixed assets of Rs. 42,810 and current assets of Rs. 974,039 against total liabilities of Rs. 1,016,850 including a proprietor's capital of Rs. 908,350 and current liabilities of Rs. 8,500.

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52 views1 page

Projected Trading & Profit Loss Account

The document contains projected profit and loss and balance sheet statements for Naresh for the year ending March 2024. It projects total sales of Rs. 1,500,000 with a gross profit of Rs. 641,549. It projects expenses of Rs. 152,549 resulting in a net profit of Rs. 489,000. The projected balance sheet shows total assets of Rs. 1,016,850 consisting of fixed assets of Rs. 42,810 and current assets of Rs. 974,039 against total liabilities of Rs. 1,016,850 including a proprietor's capital of Rs. 908,350 and current liabilities of Rs. 8,500.

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anubly2
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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NARESH

ADD: VILLAGE-PAKHURNI, POST-CHATHIA, Bareilly, 243203


PROJECTED TRADING AND PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2024

PARTICULARS AMOUNT PARTICULARS AMOUNT

To Opening Stock 275,740.00 By Sales 1,500,000.00


To Purchase 881,365.00 By Closing Stock 298,654.00
To Gross Profit c/d 641,549.00

TOTAL 1,798,654.00 TOTAL 1,798,654.00

To Salary 95,000.00 By Gross Profit b/d 641,549.00


To Printing & Stationery 4,500.00
To Telephone & Mobile Charges 9,000.00
To Travelling & Conveyance 15,000.00
To Bank Intt & Charges 12,000.00
To Staff Welfare Exp. 8,900.00
To Depreciation 4,756.73
To Misc. Expenses 3,392.27
To Net Profit 489,000.00

TOTAL 641,549.00 TOTAL 641,549.00

PROJECTED BALANCE SHEET AS ON 31.03. 2024

LIABILITIES AMOUNT ASSETS AMOUNT

Properitor Capital Account: Fixed Assets:

Opening Balance 817,350.00 Furniture & Fixtures 47,567.25


Add: Net Profit 489,000.00 Less: Dep. @10% 4,756.73 42,810.53
Total 1,306,350.00
Less: Drawings 398,000.00 908,350.00 Current Assets:
Closing Stock 298,654.00
Secured Loan Debtors 667,345.00
CC Limit 100,000.00 Cash & Bank Balances 8,040.48 974,039.48

Current Liabilities
Creditors 8,500.01

TOTAL 1,016,850.01 TOTAL 1,016,850.01

Place : Bareilly
Prop.

Current Ratio
9.74

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