M&B Manufacturing

Chart of Accounts
For the year 30 june 2023
Accounts Categories Sub Accounts Label Financial statement Individual Accounts
Assets Current Assets B.S Cash
Liabilties Non Current Assets B.S Equity
Equity Current Liability B.S Bank
Expense Non Current Liability I.S Stock
Revenue Revenue I.S Mega Mart
Expenses Sale
Entertainment
Computer
Salary
Rent Account
Cost of Goods sold
Tax to FBR
FBR Deptt.
Sub Accounts
Current Assets
Equity
Current Assets
Current Assets
Current Liability
Revenue
Expenses
Non Current Assets
Expenses
Expenses
Expenses
Expenses
Current Liability
M&B Manufacturing
Chart of Accounts
For the year 30 june 2023
Date Account Debit Credit
2/2/2024 Cash 5,000,000
2/2/2024 Equity 5,000,000
2/3/2024 Bank 1,500,000 0
2/3/2024 Cash 1,500,000
2/6/2024 Stock 500,000 0
2/6/2024 Mega Mart 500,000
2/7/2024 Stock 150,000 0
2/7/2024 Bank 150,000
2/8/2024 Cash 1,200,000 0
2/8/2024 Sale 1,200,000
2/8/2024 Cost of Goods sol 400,000
2/8/2024 Stock 400,000
2/9/2024 Entertainment 100,000 0
2/9/2024 Cash 100,000
2/10/2024 Computer 50,000 0
2/10/2024 Cash 50,000
2/11/2024 Salary 100,000 0
2/11/2024 Bank 100,000
2/12/2024 Rent Account 200,000
2/12/2024 Bank 200,000
2/13/2024 Tax to FBR 120,000
2/13/2024 FBR Deptt. 120,000
Naration
Started Business with cash 5000000
Started Business with cash 5000000
Deposited 1500000
Deposited 1500000
Purchsed inventory 500000 from Mega Mart on credit
Purchsed inventory 500000 from Mega Mart on credit
Purchsed inventory 500000 from Mr X
Purchsed inventory 500000 from Mr X
Cash Sale 500000
Cash Sale 500000

Entertainment 10000
Entertainment 10000
Purchased Computer 50000
Purchased Computer 50000
Salary paid 100000
Salary paid 100000
Rent paid 200000
Rent paid 200000
Tax Paid
Tax Paid
Started Business with cash 5000000
Deposited 1500000
Purchsed inventory 500000 from Mega Mart on credit
Purchsed inventory 500000 from Mr X
Cash Sale 500000
Entertainment 10000
Purchased Computer 50000
Salary paid 100000
Rent paid 200000
 Ledger
0
Data
Date Sum of DebitSum of Credit
2/8/2024 1,600,000 1,600,000
Total Result 1,600,000 1,600,000
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Trial Balance
Data
Account Sum of Debit Sum of Credit Current Assets
Bank 1,500,000 450,000 Current Assets
Cash 6,200,000 1,650,000 Non Current Assets
Computer 50,000 0 Expenses
Entertainment 100,000 0 Current Liability
Mega Mart 500,000 Expenses
Rent Account 200,000 Expenses
Salary 100,000 0 Revenue
Sale 1,200,000 Current Assets
Stock 650,000 400,000 Equity
Equity 5,000,000 Expenses
Cost of Goods sold 400,000 Expenses
Tax to FBR 120,000 Current Liability
FBR Deptt. 120,000
Total Result 9,320,000 9,320,000
M&B Manufacturing
Incom Statement
For the Year ended
Revenue Amount(PKR) Amount(PKR)
Sale 1,200,000
Cost of goods sold (400,000)

Gross Profit 800,000

Operating Expenses
Rent Account 200,000
Salary 100,000
Entertainment 100,000
400,000
Operating Profit 400,000
Tax-30% 120,000
Net Profit 280,000
M&B Manufacturing
Balance Sheet
As on June 30,2024
Assets Amount(PKR) Amount(PKR)
Non-Current Assets
Computer 50,000

Total Non-Current Assets 50,000

Current Assets
Bank 1,050,000
Stock 250,000
Cash 4,550,000
5,850,000
Total Current Assets 5,850,000
Total Assets 5,900,000
Liabilities And Equity

Non-Current Liabilities
Total Non-Current Liabilities
Current Liabilities
Mega Mart 500,000
FBR 120,000 620,000
Equity
Equity 5,000,000
Net Income 280,000 5,280,000
Total Liabilities and Equity 5,900,000

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