Company Name : MAGNET COMPANY

Address: : No. 31, S.S.K. Chawl, Dharavi Cross Road, Dharavi, Mumbai – 17.

LEDGER NAME OPENING BALANCE

SHARE CAPITAL 10,00,000

LOAN FROM SBI BANK 4,00,000

PROVISION FOR DEPRECIATION 32,500

O/S RENT 3,600

O/S SALARIES 19,000

DEPOSIT FOR PREMISES 1,55,000

INVESTMENT IN SHARES 18,550

FURNITURE 15,000

COMPUTERS 80,000
CASH IN BANK 1,93,000

CASH IN HAND 25,000

CLOSING STOCK 31-03-2021 67,000

PANY NAME: - MAGNET BOOK STORE PRIVATE LIMITED
ADDRESS: DHARAVI, MUMBAI - 400017
LEDGER NAME UNDER GROUP OPENING
BALANCE
SHARE CAPITAL CAPITAL ACCOUNT 15,00,000
LOAN FROM SBI BANK SECURED LOAN 5,00,000
PROVISION FOR PROVISION 450000
DEPRECIATION
O/S RENT CURRENT LIABILITY 6000
O/S SALARIES CURRENT LIABILITY 8000
DEPOSIT FOR PREMISES DEPOSITS (ASSETS) 2,00,000
INVESTMENT IN SHARES INVESTMENT 60,000
FURNITURE FIXED ASSETS 28,000
COMPUTERS FIXED ASSETS 50,000
CASH IN BANK BANK ACCOUNT 1,00,000
CASH IN HAND CASH IN HAND 75,000
CLOSING STOCK STOCK IN HAND 50,000
ABHYUDAYA BANK BANK ACCOUNT 1,25,000
MACHINERY FIXED ASSET 2,00,000
BUILDING FIXED ASSET 6,00,000
Discount Allowed A/c Indirect expenses 1800
Commission Allowed A/c Indirect expenses 300
Salary A/c Indirect expenses 500
Travelling Expenses Indirect expenses 900
Rent paid A/c Indirect expenses 450
Brokerage Account Indirect expenses 1250
Printing & Stationery Indirect expenses 600
Electricity charges Indirect expenses 1200
Miscellaneous expenses Indirect expenses 820
Advertisement Indirect expenses 960
Office expenses Indirect expenses 1020
Interest on loan Indirect expenses 350
Delivery van expenses Indirect expenses 125
Conveyance Expenses Indirect expenses 650
Refreshment Expenses Indirect expenses 250
Administrative expenses Indirect expenses 450
Discount received A/c Indirect income 900
Commission received A/c Indirect income 4500