Financial Report

TRADING PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31st DECEMBER 2011 PARTICULARS To Purchases 20163000 Less returns: (48000) To wages To lighting/ heating To Gross profit C/d AMT PARTICULARS By Sales 25000000 less: sales returns (250000) By closing stock 27125000 AMT 24750000 2375000

20115000 520000 300000 6190000 27125000

6190000 1048000 To advertisement To rent, rates and taxes To Depreciation To lighting and heating To salaries To travelling expenditure To repairs and maintenance To miscellaneous expenditure 8412525 100000 50000 2300000 37000 13000 100000 12060525 12060525 By Gross profit B/d By net loss 5870525

BALANCE SHEET AS AT 31st DECEMBER 2011 LIABILITIES Capital: Yash 5000000 Less: net loss (1956842) Trilok 5000000 Less: net loss (1956842) Aakash 5000000 Less: net loss 3043158 AMT ASSESTS Fixed Assests: land and building plant and machinery 600000 less: depreciation (60000) loose Tools furniture and fittings 400000 less depriciation (40000) Current Assests: sundry debtors closing stock AMT

1000000 540000 300000 360000

3043158

3043158

3000000 2375000 2400000 2600000

(1956842) a) Current Liabilities: Sundry creditors Bills payable

745526 7000000

Bills receivable Cash in hand Cash at bank Miscellaneous Expenditure: Preliminary expenses

4200000

100000

16875000

16875000

TRADING PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31st DECEMBER 2012

PARTICULARS To opening stock To Purchases 20163000 Less returns: (20000) To wages To lighting/ heating To Gross profit C/d

AMT

PARTICULARS By Sales 29000000 less: sales returns (250000) By closing stock

AMT 28750000 750000

2375000 20143000 600000 240000 6142000 29500000

29500000

6142000 By Gross profit B/d 7113125

1000000 To advertisement To rent, rates and taxes To Depreciation To lighting and heating To salaries To travelling expenditure To repairs and maintenance 9772125 90000 50000 2300000 30000 13000

By net loss

13255125 13255125

BALANCE SHEET AS AT 31st DECEMBER 2012 LIABILITIES Capital: Yash 3043158 Less: net loss (2371041) Trilok 3043158 Less: net loss (2371041) Aakash 3043158 Less: net loss (2371042) 5043651 10000000 Current Liabilities: Sundry creditors Bills payable 17060000 17060000 672116 AMT ASSESTS Fixed Assests: land and building plant and machinery 540000 less: depreciation (54000) loose Tools furniture and fittings 360000 less depriciation (36000) Current Assests: sundry debtors closing stock Bills receivable Cash in hand Cash at bank Miscellaneous Expenditure: AMT

1000000 486000 300000 324000

672116

672116

4200000 750000 2800000 3000000 4200000

TRADING PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31st DECEMBER 2013 PARTICULARS AMT PARTICULARS AMT

To opening stock To Purchases 20163000 Less returns: (20000) To wages To lighting/ heating To Gross profit C/d

750000

20143000 600000 200000 14557000 36250000

By Sales 35750000 less: sales returns (250000) By closing stock

35500000 750000

36250000

14557000

75000 To advertisement To rent, rates and taxes To Depreciation To lighting and heating To salaries To travelling expenditure To repairs and maintenance To net profit 9800234 81000 10000 1700000 15000 13000 2862766 14557000

By Gross profit B/d

14557000

BALANCE SHEET AS AT 31st DECEMBER 2013 LIABILITIES Capital: Yash Trilok Aakash RESERVES and SURPLUS: surplus 2862766 672116 672116 672116 AMT ASSESTS Fixed Assests: land and building plant and machinery 486000 less: depreciation (48600) loose Tools furniture and fittings 324000 less depriciation (32400) Current Assests: sundry debtors closing stock AMT

1000000 437400 300000 291600

Current Liabilities: Sundry creditors

5100000 750000 2200000 3900000

Bills payable

10000000 3299886

Bills receivable Cash in hand Cash at bank Miscellaneous Expenditure:

4200000

18179000

18179000

TRADING PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31st DECEMBER 2014

PARTICULARS

AMT

PARTICULARS

AMT

To opening stock To Purchases 20113000 Less returns: (20000) To wages To lighting/ heating To Gross profit C/d

750000

20093000 600000 200000 19307000 40950000

By Sales 40750000 less: sales returns (250000) By closing stock

40500000 450000

40950000

19307000 75000 To advertisement To rent, rates and taxes To Depreciation To lighting and heating To salaries To travelling expenditure To repairs and maintenance To net profit 19307000 19307000 10000234 81000 10000 1700000 15000 13000 7412766 By Gross profit B/d

BALANCE SHEET AS AT 31st DECEMBER 2014 LIABILITIES Capital: Yash Trilok Aakash RESERVES and SURPLUS: surplus 7412766 672116 672116 672116 AMT ASSESTS Fixed Assests: land and building plant and machinery 437400 less: depreciation (43740) loose Tools furniture and fittings 291600 less depriciation (29160) Current Assests: sundry debtors closing stock Bills receivable Cash in hand Cash at bank Miscellaneous Expenditure: 17606060 AMT

1000000 393660 300000 262440

Current Liabilities: Sundry creditors Bills payable 8000000 176946

4900000 450000 2200000 3900000 4200000

17606060

TRADING PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31st DECEMBER 2015 PARTICULARS AMT PARTICULARS AMT

To opening stock To Purchases 20113000 Less returns: (20000) To wages To lighting/ heating To Gross profit C/d

450000

20093000 600000 200000 29707000 51050000

By Sales 50750000 less: sales returns (150000) By closing stock

50600000 450000

51050000

29707000 75000 To advertisement To rent, rates and taxes To Depreciation To lighting and heating To salaries To travelling expenditure To repairs and maintenance To net profit 29707000 12198940 81000 10000 1700000 15000 13000 15614060 29707000 By Gross profit B/d

BALANCE SHEET AS AT 31st DECEMBER 2014 LIABILITIES Capital: Yash Trilok Aakash RESERVES and SURPLUS: surplus 15614060 672116 672116 672116 AMT ASSESTS Fixed Assests: land and building plant and machinery 393660 less: depreciation (39366) loose Tools furniture and fittings 262440 less depriciation (26240) Current Assests: sundry debtors closing stock AMT

1000000 354294 300000 236196

Current Liabilities: Sundry creditors

6300000 450000 3400000 4000000

Bills payable

2000000 610082

Bills receivable Cash in hand Cash at bank Miscellaneous Expenditure:

4200000

20240490

20240490

RAW MATERIAL COST ANALYSIS

Lithium Iron battery 500 275 50 1400 1300 3525 Aluminiu m Boxes Copper wires Motors UPS TOTAL

Thus the total cost of the product works out to INR 3525 and the selling price per unit would be INR 5000.