Hotel Tourist Palace

Itahari, Sunsari
Balance Sheet
As at Ashad 31, 2076 (July 16, 2019)

Particulars Schedules Current Year Previous Year

Source of Fund
Partners's Capital
Capital 1 500,000.00 -
Reserve & Surplus 2 12,749.00 -
-
Total 512,749.00 -
Assets
Fixed Assets 3 41,392.00 -
Current Assets

Cash and Bank Balances 4 41,917.00 -

Inventories 5 183,180.00 -
Trade Receivable 6 35,110.00 -
Advances, Loans and Deposits 7 244,890.00 -
505,097.00 -

Current Liabilities and Provisions

Sundry Creditors & Other Payables 8 29,870.00 -
Short Term Loan 9 - -
29,870.00 -
Net Current Assets 475,227.00 -

Total 516,619.00 -

Partner Partner Auditor

Biratnagar
Date : 2076-09-17
 Hotel Tourist Palace
Itahari, Sunsari
Income Statement
For the Year Ended Ashad 31, 2076 (July 16, 2019)
Particulars Schedules Current Year Previous Year
Sales 9 1,186,972.00
Less: Cost of Sales 10 949,358.00 -
Gross Profit 237,614.00 -

Add: Other Incomes - -

Less:
Administrative Expenses 11 206,817.00 -

Operating Profit 30,797.00 -

Interest Expenses -
Depreciation 13,798.00
Selling and Distribution -
Profit Before Tax 16,999.00 -
Less: Provision for Income Tax 4,250.00 -
Profit After Tax 12,749.00 -

Net Profit/(Loss) 12,749.00 -

Partner Partner Auditor

Biratnagar
Date : 2076-09-17
 Hotel Tourist Palace
Itahari, Sunsari
Cash Flow Statement
For the Year Ended Ashad 31, 2076 (July 16, 2019)
Particulars Current Year
A) Cash Flows from operating Activities
Net Profit/(Loss) for the Year 12,749.00
Adjustments for:
Depreciation 13,798.00
Interest -
Income Tax 4,250.00
Operating Profit Before Working Capital Changes 30,797.00
Decrease/(Increase) in Current Assets (463,180.00)
Increase/(Decrease) in Current Liabilities #VALUE!
Cash Generated from Operations #VALUE!
Earlier Year's Taxes -
Tax Paid -
Cash Flow Before Extraordinary Item #VALUE!
Proceeds from Extraordinary Item -
Net Cash from Operating Activities #VALUE!
B) Cash Flows from Investing Activities
Sale of Fixed Assets -
Purchase of Fixed Assets (55,190.00)
Decrease/(Increase) in Capital WIP -
Net Cash used in Investing Activities (55,190.00)
C) Cash Flows from Financing Activities
Increase/(Decrease) in Capital -
Increase/(Decrease) in Loan 1,186,972.00
Interest Paid -
Drawing -
Net cash from Financing Activities 1,186,972.00
Net Cash Flow (A+B+C) #VALUE!
Opening Cash -
Cash and Cash Equivalent #VALUE!

-
Partner Partner Auditor

Biratnagar
Date : 2076-09-17
 Hotel Tourist Palace
Itahari, Sunsari
Schedules Forming Part of the Accounts for the Year Ended Ashad 31, 2076 (July 16, 2019)
Fixed Assets Schedule-3
Particulars Opening Balance Additions Additions Disposals Total Depreciation for Closing Balance
Upto Poush Upto Chaitra Upto
Ashadh the year

Plant and Machineries - - - - -

Furniture , Fixtures and
55,190.00
Other Equipments - 55,190.00 - 55,190.00 13,798.00 41,392.00

Current Year - - 55,190.00 - 55,190.00 - 55,190.00 13,798.00 41,392.00

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 Hotel Tourist Palace
Itahari, Sunsari
Schedules Forming Part of the Accounts
for the Year Ended Ashad 31, 2076 (July 16, 2019)

Partners's Capital Schedule-1

Particulars Current Year
Capital A/c
Krishna Parajuli 250,000.00
Ganesh Bharati 250,000.00
Total 500,000.00

Reserve & Surplus Schedule-2

Particulars Current Year
Opening Balance -
Add : Current Year profit 12,749.00
Less: Withdrawn during the year -

Total 12,749.00

Cash & Bank Balances Schedule-4

Particulars Current Year
Cash in hand 41,917.00

Total 41,917.00

Inventories- As certified by Management. Schedule-5

Particulars Current Year
Closing Stock 183,180.00
Total 183,180.00

Trade Receivables Schedule-6

Particulars Current Year
Sundry debtors 35,110.00

Total 35,110.00

Advances Schedule-7
Particulars Current Year
Trade Advances 244,890.00

Total 244,890.00
 Hotel Tourist Palace
Itahari, Sunsari
Schedules Forming Part of the Accounts
for the Year Ended Ashad 31, 2076 (July 16, 2019)

Sundry Creditors & Other Payables Schedule-8

Particulars Current Year
Creditors 18,700.00
Audit Fee Payable 4,925.00
TDS on Audit Fee 75.00
SST 870.00
Provision For Tax 4,250.00
TDS on Rent 1,050.00
Total 29,870.00

Sales Schedule-9
Particulars Current Year
Revenue from
Room Services 356,000.00
Restaurant/Fooding 830,972.00
Total 1,186,972.00

Cost of sales Schedule-10

Particulars Current Year
Opening Stock -
Purchase 935,338.00
Direct Costs 197,200.00
1,132,538.00
Closing Stock (183,180.00)
Total 949,358.00

Administrative Expenses Schedule-11

Particulars Current Year
Staff Salary 87,000.00
Audit Fees 5,000.00
Rent 10,500.00
Preliminery Expenses 12,350.00
General administrative Expenses 91,967.00
Total 206,817.00
 Hotel Tourist Palace
Itahari, Sunsari

Computation Of Interest Allowable and Advances

Total Loan
Used for Business
Withdrawal
Other receivable for Interest
Total Receivable From Partners
Introduced
Advances O/s #REF!

Total Interest -
Disallowed #DIV/0!
Charged To PL #DIV/0!