BALAJI BUILDING STORE

Trading, Profit & Loss Account For The Year Ended 31-03-2023
Particulars Amount (Rs.) Particulars Amount (Rs.)
To Opening Stock 8,132,490 By Sales (net of tax) 39,924,529
To Purchases (net of tax) 33,233,845 By Closing Stock
To Gross Profit C/F 2,590,794 (As Certified by Prop.) 4,032,600
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TOTAL 43,957,129 TOTAL 43,957,129
To Business Promotion 14,480 By Gross Profit b/d 2,590,794
To Accounting Charges 21,000
To Professional Charges 20,000
To Salaries 1,268,000
To Stock insurance 5,900
To Shop Rent 480,000
To Staff Welfare Exps 27,791
To Repair and Maint. 46,658
To Delievry Charges Paid 106,580
To Local Conveyance 116,980
To Interest Bank 256,580
To Bank Charges 39,586
To Cleaning Expenses 7,200
To Telephone Exps 10,325
To Postage & Courier 5,460
To Electricity & Water Expenses 36,598
To Depreciation 22,096
To Net Profit 105,560 0.26
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TOTAL 2,590,794 TOTAL 2,590,794

For Balaji Building Store

Partner Partner
 BALAJI BUILDING STORE
Balance Sheet as at 31-03-2023

Liabilities Amount (Rs.) Assets Amount (Rs.)

Capital Account Fixed Assets

Partner-1- Mr. Basau Ram Furniture & Fixture 220,958
Opening Balance 739,209 Less Depreciation 22,096 198,862
Add Profit as per Profit & Loss A/C 52,780
Less Drawings 60,000 731,989 Current Assets Loans & Advances
Closing Stock (As Certified by Prop.) 4,032,600

Partner-2-Mr. Deepak Gupta Sundry Debtors 3,659,000

Opening Balance 627,209
Add Profit as per Profit & Loss A/C 52,780 Deposits
Less Drawings 60,000 619,989 GST Input

TDS AY 2023-24 2,086

Unsecured Loans
Term Loan-1-From Bank Balances with Bank 46,580
Term Loan-2-From Bank
Others 2,958,500
Cash in Hand
Current Liabilities & Provisions (As Certified by Partners) 15,550
Sundry Creditors 3,497,400

Expenses Payable
Audit Fee payable 70,800
Professional Charges payable 20,000
Accounting Charges 48,000 -
TDS Payable rent 8,000

Total 7,954,678 Total 7,954,678

For Balaji Building Store

Partner Partner