M/S OM PRAKASH

MAIN MARKET WAKNAGHAT TEHSIL KANDAGHAT DISTRICT SOLAN H.P

BALANCE SHEET AS ON 31 MARCH 2020

LIABILITIES AMOUNT ASSETS AMOUNT

CAPITAL ACCOUNT FIXED ASSETS

OPENING BALANCE 551,976.00 GROSS ASSETS 110,000.00
ADD : PROFIT 80,075.00 LESS : DEPRECIATION 20,650.00
LESS : DRAWINGS 48,647.00 583,404.00 NET FIXED ASSETS 89,350.00 89,350.00

05.0
SECURED LOAN
3.20 CC LIMIT 100,000.00 100,000.00 CURRENT ASSETS
17
SUNDRY DEBTORS 434,195.00
CLOSING STOCK 435,971.00 870,166.00
CURRENT LIABILITIES
SUNDRY CREDITORS 253,761.00
EXPENSES PAYABLE 156,891.00 410,652.00
CASH AND BANK
CASH IN HAND 50,679.00
STATE BANK OF INDIA
83,861.00 134,540.00
WAKNAGHAT

TOTAL 1,094,056.00 TOTAL 1,094,056.00

Compiled as per books of account provided to us

For M/S OM PRAKASH

Place :
Date : (PROPRIETOR)
 M/S OM PRAKASH
MAIN MARKET WAKNAGHAT TEHSIL KANDAGHAT DISTRICT SOLAN H.P

TRADING AND PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2020

PARTICULARS AMOUNT PARTICULARS AMOUNT

TO OPENING STOCK 467,941.00 BY SALE 553,971.00

TO PURCHASE 529,761.00

TO GROSS PROFIT (7,760.00) BY CLOSING STOCK 435,971.00

989,942.00 989,942.00

TO ACCOUNTING CHARGES 5,000.00 BY GROSS PROFIT (7,760.00)

TO BANK CHARGES 4,679.00
TO SHOP EXPENSES 8,756.00
TO INTEREST ON CC 3,334.00
TO RENT 6,000.00
TO SALARY 11,589.00
TO TELEPHONE EXPENSES 2,157.00

TO DEPRECIATION 10,650.00

TO NET PROFIT (59,925.00)

TOTAL (7,760.00) TOTAL (7,760.00)

Compiled as per books of account provided to us For M/S OM PRAKASH

Place : (PROPRIETOR)
Date :
 M/S OM PRAKASH
MAIN MARKET WAKNAGHAT TEHSIL KANDAGHAT DISTRICT SOLAN H.P

FIXED ASEETS AS ON 31.03.2019 Annexure - I

Balance as Balance as
Addition upto Addition after Depreciation
S.No. Name of Assets Rate on Total on
03/10/2019 03/10/2019 2019-20
01/04/2019 31/03/2020

1 FURNITURE 15% 30,000.00 - - 30,000.00 4,500.00 25,500.00

2 LED TV 15% 26,000.00 - 26,000.00 3,900.00 22,100.00
3 REFRIGRATOR 15% 15,000.00 - 15,000.00 2,250.00 12,750.00

71,000.00 - - 71,000.00 10,650.00 60,350.00