PGXPM19 – Team 1

Amul Bhargava (XP24026)

Balamurugan Sankaran (XP24013)
Chandrasekhar S (XP24014)
Dhinesh Kumar Pitchai (XP24007)
Prasant Velu (XP24004)
1
026)
P24013)
014)
P24007)
04)
 BALANCE SHEET AS ON JULY 31, 2017
LIABILITIES ASSETS
Share Capital 100.00 Long Lived Assets 301.00
Reserves 250.00 Capital Work in Progress 64.00

Loans 225.00 Long Term Investments 10.00

Current Liabilities 66.00 Current Assets

Vendors Payable 50.00 Inventories 113.00
Interest Payable 2.00 Receivables 42.00
Bank and Cash Balances 146.00
Loans and Advances 33.00
693.00 709.00

Make the P&L for the next two month period

Make the Balance Sheet as at the end of two months

Please add any more assumptions that you may find appropriate if you find information
to be incomplete
Transactions during the next two months were as follows

1 Sales Rs 120
2 Collections Rs 123
3 Purchases Rs 50
 4 Payments to Vendors Rs 45
5 Expenses incurred Rs 20 - assume these expenses are not inventorized
6 Expenses paid Rs 22
7 Materials Consumed Rs 65
8 Production Rs 85
9 Cost of Goods Sold Rs 90
10 Spent and paid on projects in progress Rs 10
11 Projects completed during this period Rs 55
12 Depreciation Rs 7
13 Interest for this period Rs 2
14 Income tax to be provided at 25%, paid nil
information
S.No Event / Transaction
(2 months)
1 Sales Rs 120

2 Collections Rs 123

3 Purchases Rs 50

4 Payments to Vendors Rs 45

Expenses incurred Rs 20 - assume these

5
expenses are not inventorized

6 Expenses paid Rs 22

7 Materials Consumed Rs 65

8 Production Rs 85

9 Cost of Goods Sold Rs 90

10 Spent and paid on projects in progress Rs 10

11 Projects completed during this period Rs 55

(Assumption - Only project closed as an event.
No transaction recorded)
12 Depreciation Rs 7

13 Interest for this period Rs 2

14 Income tax to be provided at 25%, paid nil

 Balance Sheet P&L Balance Sheet P&L
Assets+ Expenses Liablities Income
Trade Receivable Sale
120 120

Trade Receivable
-123
Bank
123

Inventory Trade Payable

50 50

Bank Trade Payble

-45 -45

Expenses Trade Payable

20 20

Bank Trade Payble

-22 -22

Inventory ( RM)
-65
Inventory (WIP)
65

Inventory (WIP)
-85
Inventory (FG)
85

Inventory (FG) COGS

 -90 90

Capital WIP
10
Bank
-10

No Event

Asset Dep
-7 7

Interest Trade Payable

2 2

Income Tax Trade Payable

0.25 0.25
 BALANCE SHEET AS ON Sep 30, 2017
LIABILITIES ASSETS
Share Capital 100.00 Long Lived Assets 294.00
Reserves 250.75 Capital Work in Progress 74.00

Loans 225.00 Long Term Investments 10.00

Current Liabilities 66.00 Current Assets

Vendors Payable 55.25 Inventories 73.00
Interest Payable 18.00 Receivables 39.00
Bank and Cash Balances 192.00
Loans and Advances 33.00
715.00 715.00
 PROFIT & LOSS for 2 months
Incomes Rs
Sales 120

Total Income 120.00

Expenses Rs
COGS 90.00
Expenses 20.00
Opex 110.00 Operational Expenses
EBITDA 10.00 Earning before Dep, interest, Tax and Amortis
Dep 7.00
EBITA 3.00
Interest 2.00
EBTA 1.00
Tax 0.25
PAT 0.75
erest, Tax and Amortisation