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Net Sales Net Worth Long-Term Loan

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Income Statement 31-03-2012 Balance Sheet 31-03-2012

Details Amount (Rs) Particulars Amount (Rs)


Gross Sales 5,500,000 Share Capital 3,000,000
Less: Excise Duty 440,000 Retained Earnings 1,675,500
Net Sales 5,060,000 Net Worth 4,675,500
Long-term loan 2,024,500
Cost of Sales: Current Liabilities:
Raw Material 2,000,000 Creditors 200,000
Direct Labour 1,000,000 Expenses Outstandin 50,000
Direct Expenses 500,000 3,500,000 Current Liabilities 250,000
Total Liabilities 6,950,000
Gross Profit 1,560,000
Other Expenses 60,000 Assets:
Depreciation 350,000 410,000 Fixed Assets 3,500,000
Less: Depreciation 1,850,000
Operating Profit 1,150,000 Net Block 1,650,000
Interest 150,000 Investments 1000000
Inventories 1500000
Profit Before Tax 1,000,000 Debtors 500,000
Taxation 324,500 Loans and Advances 2,000,000
Cash and Bank 300,000
PAT 675,500 Total Current Assets 4,300,000

Total Assets 5
31-03-2011
Amount (Rs)
3,000,000
1,000,000
4,000,000
2,000,000

250,000
75,000
325,000
6,325,000

3,000,000
1,500,000
1,500,000
1000000
1200000
300,000
2,000,000
325,000
3,825,000

6,325,000

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