Ram Kalyan Enterprises

Proprietor : Ram Kalyan Nakka

Address : Achampet
Financial YEAR : 2021-22
PROFIT AND LOSS A/C as on 31/03/2022
Particulars Amount particulars Amount
Opening stock 582000 Sales 2258360
Purchase 1189500
Gross profit 866860 Closing stock 380000

2638360 2638360
commission 12345 gross profit 866860
Electricity bill 28500
Rent 250000 interest 12345.12
Conversion material cost 40850
Transport charages 26900
salaries 35600
other expenes 30960
sales and promotion 32800
Interest expenses 10000
Net Profit 411250.12

879205.12 879205.12

Balance sheet as on 31/03/2022

Liabilities Amount Assets Amount
Fixed Assets
capital 985250 working capital 0
closing stock 380000
unsecured loans 0 sundry debtors 352800
other current asset 100500
sundry creditors 0 loans and advances 102876

cash in hand 49074

985250 985250
 Computation Of Income

Income From Business 411250.12

Gross Total Income 411250.12

Less :
Deduction u/chaper VI A 0

Total Income 411250.12

Tax due 8062.5

Less:
Rebate 8062.5
Total Tax Payable 0