COMPANY 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 DEPRECIATION
|
PROVISION
|
450000
|
|
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
Commission Allowed A/c
|
Indirect expenses
Indirect expenses
|
1800
300
|
Cash
cash
|
Salary A/c
|
Indirect expenses
|
500
|
Cheque
|
Travelling Expenses
|
Indirect expenses
|
900
|
Cheque
|
Rent paid A/c
|
Indirect expenses
|
450
|
Cash
|
Brokerage Account
|
Indirect expenses
|
1250
|
Cash
|
Printing & Stationery
Electricity charges
Miscellaneous expenses
Advertisement
Office expenses
Interest on loan
Delivery van expenses
Conveyance Expenses
Refreshment Expenses
Administrative expenses
Discount received A/c
Commission received A/c
|
Indirect expenses
Indirect expenses
Indirect expenses
Indirect expenses
Indirect expenses
Indirect expenses
Indirect expenses
Indirect expenses
Indirect expenses
Indirect expenses
Indirect income
Indirect income
|
600
1200
820
960
1020
350
125
650
250
450
900
4500
|
Cheque
Cash
cash
Cheque
Cheque
Cheque
Cheque
Cheque
Cheque
Cheque
Cheque
Cheque
|
To maintain Stock Statement
Group
|
Categories
|
Stock item
|
Purchase price
|
Quantity
|
Godown
|
SCHOOL
|
ENGLISH
|
BALBARATHI
|
80
|
1500
|
DHARAVI
|
YUVAK BARATHI
|
75
|
1000
|
|||
MATHS
|
ALGEBRA
|
65
|
1300
|
||
GEOMETRY
|
55
|
1200
|
|||
COLLEGE
|
ACCOUNTS
|
BASIC
|
85
|
1100
|
SION
|
FINAL
|
90
|
1000
|
|||
MATHS
|
ARITHMATIC
|
45
|
1400
|
||
STATISTICS
|
35
|
1350
|
Goods are purchased from these parties. (VAT @12.5%)
Date
|
Bill no.
|
Party name
|
Stock item
|
Godown
|
Qty
|
1STMAY
|
OM 001
|
BABAJI STORE
|
BALBARATHI
|
DHARAVI
|
450
|
1STMAY
|
OM 002
|
AMUL STORE
|
YUVAKBARATHI
|
DHARAVI
|
500
|
1STMAY
|
OM 003
|
ANAND STORE
|
ALGEBRA
|
DHARAVI
|
600
|
1STMAY
|
OM 004
|
ABINAYA STORE
|
GEOMETRY
|
DHARAVI
|
310
|
1STMAY
|
OM 005
|
AZIM’S STORE
|
BASIC
|
SION
|
900
|
1STMAY
|
OM 006
|
SARASWATI STORE
|
FINAL
|
SION
|
150
|
1STMAY
|
OM 006
|
ANAND STORE
|
ARITHMATIC
|
SION
|
450
|
1STMAY
|
OM 007
|
ABINAYA STORE
|
STATISTICS
|
SION
|
750
|
Goods are sold to these parties. (VAT @12.5%)
Date
|
Bill no.
|
Party name
|
Stock item
|
Godown
|
Qty
|
Selling price
|
1STJUNE
|
OM P001
|
Reliance store
|
BALBARATHI
|
DHARAVI
|
150
|
100
|
1STJUNE
|
OM P002
|
TATA store
|
YUVAKBARATHI
|
SION
|
400
|
110
|
1STJUNE
|
OM P003
|
Omtex store
|
ALGEBRA
|
SION
|
530
|
120
|
1STJUNE
|
OM P004
|
Vishwas store
|
GEOMETRY
|
DHARAVI
|
310
|
130
|
1STJUNE
|
OM P005
|
Philips store
|
BASIC
|
DHARAVI
|
1000
|
145
|
1STJUNE
|
OM P006
|
Omtex store
|
FINAL
|
SION
|
200
|
125
|
1STJUNE
|
OM P006
|
IPL store
|
ARITHMATIC
|
SION
|
360
|
165
|
1STJUNE
|
OM P007
|
Reliance
|
STATISTICS
|
DHARAVI
|
900
|
175
|
Purchase and Sales Return
On 1st June, goods purchased from Babaji store has been
returned. Details are
Stock item
|
Godown
|
Quantity
|
Bill no.
|
BALBARATHI
|
Dharavi
|
2
|
OM 001
|
On 1st August, goods purchased from Saraswati store has
been returned. Details are
Bill no.
|
Godown
|
Quantity
|
Stock item
|
Om 006
|
Sion
|
1
|
FINAL
|
On 1st October, goods purchased from Anand store has been
returned. Details are
Bill no.
|
Godown
|
Quantity
|
Stock item
|
Om 003
|
Sion
|
5
|
ARITHMATIC
|
On 1st July, goods sold to Philips Store were returned.
Details are
Bill no.
|
Godown
|
Quantity
|
Stock item
|
Om p005
|
Dharavi
|
5
|
BASIC
|
On 31st December, goods sold to Reliance company were
returned. Details are
Bill no.
|
Godown
|
Quantity
|
Stock item
|
Om p007
|
Sion
|
2
|
BALBARATHI
|
On 31st January, 2011 goods sold to IPL store were
returned. Details are
Bill no.
|
Godown
|
Quantity
|
Stock item
|
Om p006
|
Dharavi
|
2
|
ARITHMATIC
|
Contra Entries
4. On 1st September, Withdraw
Rs. 50000 from Abhyudaya bank for business purpose.
5. On 30th November, With drawn
Rs. 25000 from Cash in bank for business purpose.
6. On 28th February, Deposit Rs.
25000 in Abhyudaya bank.
Charging Depreciation
On 31 – 3 – 2011 Charge depreciation @ 10% on furniture, 20% on computer,
12.5% on Machinery, 7.5% on Building