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Mrs. S.Sujitha Mary Prop: Nellai Agencies, TATA Tea Distributor

- Mrs. S.Sujitha Mary owns Nellai Agencies, a distributor of TATA Tea in Theni, Tamil Nadu. - The document includes depreciation schedules for furniture/fixtures and computers owned by the business for tax years 2009-2010 and 2010-2011, as well as sales and purchase reports for 2009-2010 and 2010-2011. - It also includes an estimated trading, profit and loss account and balance sheet for the year ending March 31, 2012 that provides projections for revenues, expenses, assets, liabilities and equity.

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21 views7 pages

Mrs. S.Sujitha Mary Prop: Nellai Agencies, TATA Tea Distributor

- Mrs. S.Sujitha Mary owns Nellai Agencies, a distributor of TATA Tea in Theni, Tamil Nadu. - The document includes depreciation schedules for furniture/fixtures and computers owned by the business for tax years 2009-2010 and 2010-2011, as well as sales and purchase reports for 2009-2010 and 2010-2011. - It also includes an estimated trading, profit and loss account and balance sheet for the year ending March 31, 2012 that provides projections for revenues, expenses, assets, liabilities and equity.

Uploaded by

bbrintha83
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLS, PDF, TXT or read online on Scribd
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Mrs. S.

Sujitha Mary
Prop: Nellai Agencies , TATA Tea Distributor
9-1, Sales Society Street, Periyakulam Road, Theni
Depreciation schedule as per IT law:
Particulars

Date

Block 1: Furniture & Fixtures:@ 10%


25.09.2009 Purchase
31.03.2010 Less: Depreciation @ 10%
31.03.2010 Closing WDV

Amount

Depreciation

9,065.00
907.00

907.00

8,158.00

Block - 2: Plant & Machinery (Computer) @ 60%


24.40.2009 Purchase

48,270.00

31.03.2010 Less: Depreciation @ 30%

14,481.00

31.03.2010 Closing WDV

33,789.00

Depreciation Allowable

14,481.00

15,388.00

Assessee

Mrs. S.Sujitha Mary


Prop: Nellai Agencies , TATA Tea Distributor
9-1, Sales Society Street, Periyakulam Road, Theni
Depreciation schedule as per IT law:
Particulars

Date

Block 1: Furniture & Fixtures:@ 10%


01.04.2010 Opening WDV
31.03.2011 Less: Depreciation @ 10%
31.03.2011 Closing WDV

Amount

Depreciation

8,158.00
816.00

816.00

7,342.00

Block - 2: Plant & Machinery (Computer) @ 60%


01.04.2010 Purchase

33,789.00

31.03.2011 Less: Depreciation @ 60%

20,273.00

31.03.2011 Closing WDV

13,516.00

Depreciation Allowable

20,273.00

21,089.00

Assessee

Nellai Agency
Date
31.07.2009
31.08.2009
30.9.2009
31.10.2009
30.11.2009
31.12.2009
31.01.2010
28.02.2010
31.03.2010

RV
SA
DZ
DG
283273.41
470848.57
1635.3
342725.94
761388.01
2349.22 1109056.80
658933.02
3866.76
398661.17
725234.52
3043.02
446327.66
807099.61
4027.3
781907.23
974577.18
4146.9
735650.80
464987.57
5357.2 1213477.22
402663.01
3903.68
444572.60

Total

5549004.9

28329.38

5472379.42

Insufficient Fund(DR)
Clo.Balance

4600
5167
7433
58315
17858
51825
62698.2
207896.2

415549.8

415549.8 312608.46

Nellai Agency 2010-2011


Date
Ope.Balance
30.4.2010
31.5.2010
30.6.2010
31.7.2010
31.8.2010
30.9.2010
31.10.2010
30.11.2010
31.12.2010
31.01.2011
28.02.2011
31.03.2011

RV
SA
312608.46
852382.59
965127.36
532681.26
600516.22
431992.7
722126.67
662234.41
786830.65
718282.91
499528.68
457413.85
216732.35
7758458.1

Month
Apr
May
June
July
Aug
Sep
Oct
Nov
Dec
Jan

DZ

DG

Insufficient Fund(DR)
Clo.Balance

150

518325.21
669823.23
1613676.97
497849.07
1047976.38
663199.35
558141.63
879218.18
435539.38
640291.18
548362.6
689860.1

33501
101631
33631
70662
16079
14214
21033
83219
18047
10410
45486
140132

600

8762263.28

588045 1592358.28

1108.11

Nellai Agency 2009-10


Purchase 12.5%
Tax
Sales 4%
7010
876.25 23591
2948.875
371491
23591
2948.875
354161
17593
2199.125
381387
23591
2948.875
474372
542321
23591
2948.875
614996

Tax
14859.64
14166.44
15255.48
18974.88
21692.84
24599.84

300
150

Purchase 4%
Tax
272378
10895.12
452759
18110.36
732104
29284.16
633589
25343.56
697341
27893.64
776063
31042.52
907113
37484

806837.97
523986.38

261533.93

Feb
Mar

447103
387176

Tot

5305626

17884.12 15487.04
213424.52

Month
Apr
May
June
July
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar

Purchase 4%
Tax
819599
32783.96
928007
37120.28
512194
20487.76
577409
23096.36
415378
16615.12
694353
27774.12
550978
22039.12
757820
30312.8
690656.64 27626.266
480315
19212.6
439821
17592.84
208396
8335.84

Tot

7074926.6

282997.07

118967

14870.875

422480
324104

16899.2
12964.16

3485312

139412.5

Nellai Agency 2010-11


Purchase 12.5%
Tax
Sales 4%
Tax
410558 16422.32
23656
2957
536436 21457.44
544129 21765.16
414251 16570.04
411194 16447.76
568027 22721.08
428458 17138.32
515188 20607.52
629336 25173.44
483552 19342.08
23656
2957
364925
14597
249945
9997.8
47312

5914

5555999

222240

Clo.Balance

63111.78

Clo.Balance
15076
84004
52155

68331

8100
27750

35337 rtn
15187 int

255416
282105

Sales 12.5%
Tax
18390 2298.75
13900
1737.5
11741 1467.625
21450 2681.25
10649 1331.125

Purchase

16874.44
1687.444
15187

5424593

76130

3561442

ITC

79366.67
-0.665

Purchase

7122239

Sales

5565839

ITC

144807.8

9516.25

Sales 12.5%
Tax
6467 808.375
427
53.375
2946
368.25
9840

Sales

1230

Nellai Agency
(Dealer in TATA Tea )
9-1, Sales Society Street, Periyakulam Road, Theni
Estimated Trading, Profit & Loss Account for the year ending 31.3.2012
To Opening Stock
" Purchase
" Frieght

580,380.00 By Sales
7,560,000.00 " Closing Stock
50,000.00

" Gross Profit

359,620.00
8,550,000.00
240,000.00 By Gross Profit
5,000.00 " Commission & Incentives
18,000.00 " Trade Deposit Interest
8,000.00
900.00
15,000.00
40,000.00
7,000.00
20,000.00
24,000.00
16,000.00

To Salary & Bonus


" Audit Fees
" Rent
" Electricity charges
" Pooja expenses
" Postage & Telephone
" Van Hire
" Printing & Stationery
" Travelling Expenses
" Interest & Bank Charges
" Misc. Expenses
" Net profit

Loans
Geetha Agencies
TMB ODCC
Current Liabilities:
Sundry creditors
Audit Fees Payable
Deities

8,550,000.00
359,620.00
300,000.00
16,874.00

322,594.00
716,494.00
Estimated Balance Sheet as on 31.03.2012
Liabilities

Capital Account:
Opening Capital
Add: Profit
Less: Drawings

7,550,000.00
1,000,000.00

1,134,246.00
322,594.00
110,000.00

50,000.00
5,000.00
101.00

676,494.00
Assets

Fixed Assets:
Furniture & Fittings
Computer

9,065.00
48,270.00

57,335.00

1,346,840.00
Loans, Deposits & Advances:
VAT ITC Credit
144,808.00
200,000.00
TDS - IT
1,687.00
500,000.00
Trade Deposit
215,000.00
Rent Advance
100,000.00
Current Assets :
Debtors
548,000.00
55,101.00
Closing Stock
1,000,000.00
Cash at Bank
5,000.00
Cash on hand
30,111.00

2,101,941.00

461,495.00

1,583,111.00

2,101,941.00

As per information furnished before me

Chartered Accountant

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