Ilu.araaion 1. From the rolbsing T.i.l Belmce of sri R. Rljan, prepsre the Trtdinsand Profi1 dd Los6 Ac.oun! lor ihe,err ended 3ls! March, 2009 rnd the BrllnceShcal as on that d.le aft r l.kine inlo accounitho D.ljusinenh givcnbetoR:

':ifr

(i)Sidclron3lslMdfth.2009wasvolredatRs. 15,000ihc oxlenl of Rs..100. (ii, Oulsldrdi4 liabiljries wer!:8x. 1,300. tD) Dup.cciate Buitdnrg dr 2%!.a.

n, I$urMle !$ prepo r0Siladestu 20003ndTlaes

trNbh E . Beh KepsE x:l

romtflqo l J0?69

|;

nlurtrorion2. lhcfollo\n,sis$clriil HalJnFofl\lr Anadooslsrll.rh loue:

;n,0T-",,

F rqr ut\hnwae\jurn lt -\frl \'l)1. t. 'r

T:bns tto coEideration thc fouorins rdjust @t!, oFpare rhe ludrns ad ]]]ofii rndLossA(ounLfor dreled.ending3lslM3rh.2009 andr][Bal!n..Sbc.i r\rt 1l.llrre:I Closiig Sltihai Drrket FNe as 3tjrlstMard,.2009. Rs2 Provide Der.c.iarion o.lIarhn'..r @ lllrI ,'\ lire orcrrrd on lBi Apnl 2009 desh4.ing

-ioods.o lxg As iori'rhe ridavl,..ler $N sold !i booll rduo on 1$ A'r1 2003.rd tsts csh lvai used fordoresric n.ed by r Anand A(ou l lir ihi\ l.lt unre.or.led

t

_16.U!

l OrtoftneannudpreniunofRs.600,>nd,o.th:preDlitrntral3ra:n t]1eneatye'2 Closing S1lrrh hv.lued ii.o$ o, mlker pic. r'hnhcre.is less3 1r3:hdnaings as per Tial B:lanrc n ls 5,2,15. S.l. Dtuc.cdr of No rlLeeier*!s

nscd In. lersq,al lu.r!*e Rs.5,000 Therciore, ioial draNincs G ll.5,:14 +Rs 5,000 = Rs. 10,215I An ovent oco,..ing.ller lhc d!!. olihe ts31$ce Sheei 1, ?, nrp as on 1.1.2009)

illusiraiion 3_ r'hafolloring ri.t!.lan.e is rr!..ed o.31stM!.ch 2009 tona

l

Li!!!gq i 4?!q'rakLne i iocoDsdersiion ihefoilosiog jusime.h, pEplre ihe l\'rdrns md Profit,nd Lois A(.ouo! lor llie laareri,ns 31.tMar.h,2009 andlhe lalan.e Sheel or th.Ltdalc Also, jiass ihe Jdun'.L.nl.i.s lo.lhe !.ljusimanis:1. Closins Sto& Rs. 90,00012. OuLslardlns Srlari$ R! 3,200 !nd Oursr..d:dg wages lts 2.0003. Prcpaid Insu.rnco Rs.900 rnd

-{c.rnod Cohnlis$on Rs 1,200.4. Charyr Doprecirtidn u Ntachino.! 109t p r

D;

13!@,eoie.dmd'fr.iMciio4j

frt I totskLnplt, ttrltArs \ttl \tt!trTnt:

nlusrretio! 4. T]le rbatB.lance ot3 hrsin.ss:s on31srNl dr 2oo9 is ster Letow:

A iin!bPh d Mahrury | r0rml

Daunh Entl BaahKeeprnE XJ

?.epare the TEdins Accouni and ihe Proft a Loss A..orrl, rb. t,d ycar todrog3lst Msr.h.2009 and ihe B3hrca Sh.-"i:s on ih,r Jria rllar r^

1 Clo:idg slo.k vrrqd rrRs ? 000.2 Ou!s1.odiog liabilitits lor wages Rs.600 and $laies Rs 1,1003 D.prcirtion is to be lrovnled @5% r a on all ljred.sscts.1 Insu.an.e !rcnium plid in advanc. Rs. 200.

1!!!!!!

P r dM hh:4lNde)!!!

isg

Note: Delre.iarion on l,lani = 15% orRs r,10,000) + (5/100 x Rs. 10,000 x 6/12) =

Sonerimcs, sonc De.ple uril io pay thei. du.s .iihar padxllt or rontlollll rhainecoverrbl. .d,ouri is s loss and is tnovd as r ts3d Debt Tnc lollorlns .nhJ rlrss.d rheo ! debt becomes inrcovcrrllc:

l0DdhlslbiruiEj!J.A:anellidolthis enirr. ih. dcbr.ors rc.out isDebis Account is oFened {hicl,s tlnstarred.a.d Loss A.couni (debii snl.) Th," anr.J isl

closcd md x ncv lr.ouni.alledBadxi tn. snd oIih. y.lr. ro rhe Profii

A: ah*dJdiscussed, il.n! rppcaingi. rh.Trial Balarce ale brnsaerred toTradingAc.ount or lrofi1 and Losr Arc.u.r or t]]e Balancc Sh..l [or e\drple. Bad Dlttsaprcdnngmthe TlialBalan.o reillletaNftr.cd torhr PtufiL r.d Loss,{c.onnt Inothcr $ords, se crn saj thri rdrusimani is noi..q!ircd for B3d llelb alr.rdyrppearing in the lrial SslancD ft .lso ,ne!N rh3i dre anounl oJ n,ndrJ debtor!rppea.i.g in ih. rrirl Balame is rllcr dedudins sad DebhIl ih. ,houri of Bsd Debts is laven ouiside the Trial Balanc., ,. , bv {!t oladjrslnent. su.li Rad Debts are knonn.s tunherBrd Debh.It n.ms 1. amounioJsundryd.biors i'r the Trial Balan.c is rrior h ihe enonnt olBad Dcbt' and srven asadjuslncnr r. {ch a siinaiion, Bad Drbrs.re coDs,dered 3s sny ofier a.LjusLmenL,vhich hdrtu ih.! entnes lor sL.h Bad Dcbls have.ol bee. psssed in thc booLs olrccoml. Like dl adjuslD,enrs, ihese rlso nced to b. idiustud nr the frnal Accounsrnd the adjusiing enhJ nill!e sane $ grven rLovo1he treahn.ni olsuch Bad DcLG,n dre Fnrd,\.rounts i: $ lollons:1 on ih. d,:biisnl.: il Froiit 3rd l-oss A.count. thosr will L

the Bad Dobls alra.dr {.iiten oii and2 O. rhe asselsidcol lhehla... Sheet,iheseiill be dcdnctdf.dm Sundl, D.liors

Fun| iat.hb ptk\Ftnot4 -),\rr,,n4, r?,d,

Illustration 5, The lollorving Tlial B arc. isext.xrted f.om thrLooksorNlkc.h a\

AidibmbA rdMahreryil r04@l

Pre0are lla r.adins Accounl snd honi and Loss ^c.out

lor the Jear ending 31slMrch, 2003 and lhr Brlancc Sh.ri .s d. rhrl d.rc .tld l.king nh a..o!nt iheI Sto.k or 31st M.rh, 2009 Rs. 14,0002 Oubtmdilg habilities for Wases Rs 1,200 Md Srld.ics Rs.2 3003 DerF.iai,on @ 5., p.a is to be provided o! all nxcd rssets.1 $rite-oll Rad Deb6 Rs 1.t005 lnsumce preniun pddin a.tvrnc tu a006. Accrued.onmission Rs 500

!jrot

iau,lc EnL. BaaI Kn?in9-Xl

ll99 r.'

ri0 oiri!00 L

otr as b.d, il rcooverod subseqleniv, .16 crediGd lo th

6, PROVISION FOR OOIIBTFULOEBTSWe krow that itr dr(ounhng *,r idlow il,e Correniion 0J Conse.eal.ism wnilp!(rding bus,ness tr.nsa.iions. Thh means th.! we nak provis,ons for .$aoedlos$sl)ui\eedo.olttcftedittor.xpr.trjpiont.A6ro.thdofore,,akesprc\'isionar ftc und of th. i.countiR Far for lihelr Brd Debis in rhc nc$ t.ar. This ii r.. rhcsin\tc reaso. ihal out of ihc c.cdjt i'les nadu dlln)g I puti.ul!. ycar. sons dehrs

I!!^eursLki,.dr F u .L !r r,r rl, i, /!

ere likrly to hcome badnrdrencrrrcfu duero non Fvrrnls Iis Lo iiik. pbrrion {or such likelt tsad Dcbl\.r.ry yasr Th. cntrt lor L.esl'ng I

'rhe debit lo rh. PlolitlndLoss A,ou^i$ill titurc ih.t. ': pronisritabl! larrheno*ible L$s and thc .!!un, {ill b. .ar.ied irhllrd to tn! nt\r !.ar N.xt vcrr,;her Bad Drlit" alrurlly oc.ur xnd an' \tritien ofa thc !!d Ddns

^..ounL \rill be

debitedlolhal']rovisionlorBrdDelnsA.countjlh.adoddrofi]rcBxdDcbrsrnlroih ebnad to the Prolir lnd Loss .\.rount sut. r debii rar alrrxdv g]!en lor it lasive3rItshouldtrtroredthaithecu6i..src.ounto.Sund.'D.biotslc.ornLlsd.i;irq+ hr d4iionolthcProvisior lorDoublall Ddnr $Ili.Drh.d.biis douhlluL of."-'-!, it* F--""t.co"r ofthe dcbtorrillroi he..ediied as Lhr...nrary G stillr.:s\b1e lhe Prot|in,t l.! Drtbtful D.ht:; At.ount is,lEdud.d ta tht dD)atnl ailroah dttttt;n tfu udla e Shed but ltt nlnatarnlson {tu,a.? Thc l.ori:(m 1'Doublli,l Debts,\.courini.r3Fpelras follorr lamourh assunrd)

Thc inoDnh nr thc rrcolnr sirer Rlovg, xs r illurr3ton m.an ih.lolloru'g:I ldfieProliirndlosstcoa200irslu,)l Rs 500\rasd.bncdrid.r.dn.droihcPNvision br iroubtfirl D.rrls A/. rhus, ihir rcrounl qr!. !iih this ballr!r

2 nu.ing ihe Jlar 21]l]3 Brd lr.bts ldalhd R. l30r rhese hrv. br.n d''b 'ed

io ihelrorrion for Drubilll Denh A.cou.r rd .or io i]lc Profir x d i,oss Ac.omt3 TlrLrlro.a re.ruirpdinihetn,tis,or!ldrocndoJ r00r is Rs nso This lis l)..r.Di.d ile debir sid. 10l'e.an1ed do!{, ri rh. rPxi tear

l. ilia.redit sidc l- .orr sho br Rs 530, iddi.sting i]1. d.bil .oq Fqurcd b inolblit mii Los( A.couni h mrk. ut d,e l*lan.r$I.n,irrlsopuindifi....tlr Oltolihoo!.n;Uotu!i,onorR:.500,Rs lilolusLE.ru.eduF.lerrinsrbLan.eolRs ?0 Thcn.{txlln.ere.ruirrdi'Rs 6s0iiherelorr {hrPn,fi f rnd l-.r:.\.counishorl{ibrdehiedhrRl aro.,..R! fio ls i0In rhc l'roni and Loss Ar!ouir thr 2003 dr. figurc \i I !rrr.! as lollo\s

q

f& ,';;I Under which accou.iihq .oncopr c Pro! s'on ror Doubrru DebLe made?

tlllst'arion 6. Tlp mounr ol s.nd.yarc requird b w.iE ofi R5.5,000 aidebts @ l0% on suldrJdcbiors. P{ss

Douht, Ertry Badh xg.piq!-tl.LbtdF in a Tfi.l Aaldce isRs. ?,00,000. YonBad Dot'k dd

'nale 3 proviEion for doubraul

1i. n..Acsad Joureel ari.!es

lB. iq odKoB de tu &!bf! dols rd.dod'y&ud9

r lrd Debh Alcount hrs heen l,rinsrered !o lhc Profii dnd Lors Accounl becausdthctu is no u$s1ing rotision tor doubtlul d|bts. TLc prcvision no$ crcared isn. nt for r(rins Bad Dlls u, lF Nritlcn otr in the nd veu.

2 P,rsr, . ad;,1 k..,oJ,ooo l. k. .0n,o0o R: .,uooJsbaoo,L-r'.i!t.r ofil. 10% ofR3 6,95,000

= Rs.69,500

Always rorumbd, n prcwsion to.61o$, ta, air ddldho Judher Badhg Judher Bad Debls lrcm dgbtots, il any, OjvFn -',,1 ;ld@dul dbrs G eldldd on rh6

IllGhrrion 7. liollo$ing de ric .rt.i.ts lrom thc Trial Balano ol. lim as on3lsi Ntoroh,20001

h, Addiiionai Bad D.bts Re. 10,000.(ttr vnintain rhc porision aor dolbttul d&rs @Pass th. necessor, JourDrlenr.ies ud shos ihe relovoni a.counh linduding nincl

*" Li.a* -

r!F LBrtur c'lnl)r -_]- t-

I Dmo13.i9hed!r a badeh!redddl

Fi4t .iol Sbkm rs tFiant A],-\

rs!h!sdeft i irrcdbrdlonr redlrdsbs NU)

l&r! ft md da'!. M M' .!d rcs ^rbmaibhr siM br ioubni id! 3 r% m ed0i9

119

-rao6l-4!Sql

IUustraiion 3.Sho ihe elted or llolii and Lo$ Ac.ounl .Dd Bslm.e Sheel lor lheioi ntl.ads olT al Balan.s as on 31ri Mrrdr 2009

iil win,drli,dher Bad Debls Rs.500i;;l Prdvis,on lorad and DonbtlulDehts G ro br man&;'ed 3i 3?. ordcbtors.(t, Erhrcb olTrinl B.lan.e as on 3lst Ma..h,2009:

(i) sallol Monmt biMre.ovambler,,r Creaie I provision oa5% on debio.s.

Da"bttE r Baah K{pin"-xI

Dds';idim0 ] d0]

Fn4a!irrsk, n,d\,rr4,tA/6 \\' tt \trrrt\t.13Somenmes. dF lDLsn.e Ln thc P.ovision lor Doubilnl D.bis,\ccouni is Dore ihersffncicnr to n.ct ihc Bd Debb snd rhe new Frovi:i.n rqu;ed rhr .omainingrnornr is thon crcdilcd tu ihe Profit and Los:]\.counrnllsrration9,ThclolloiinsistheTiallalrceolNlr SS o.31stDecenil,e..2005

Tahing inro a..oun fie loll.{,ns rtusin.nc. Das ih. n.cssa4 Jounal enrrresard trep..o thcTradinsand l,rofii and l-oss.{..ounis rd.l tl,e &l.a( Sh(tr sto.k,i H3.d on 3rs1DecenLo., 2005 is Rs. 13,5002 Marhircry is ro bs depre.bied 3r ihe rai-" ol10:i..dd oxtcnls d lh. r,ll ot 201,i3 Srl..i.s lor the month ofDerenber.2006 amou.bngio lts 3.000 wer lioa,1 rnsur,..e ,i.ruded i r.enium orRs.1?0 tor ncxrlcar.5 Wages include x sum olRs 1,000. sp.rt otr.h-aer,Ad,on ol a.rdo sh.d lo. crrdoFrs6 A P.orbioo lbr lrouLLtut Drbrs is to bc (Lrtrd to the e(ent

3id tu8tr6lr0ad F! r:.d!l)

i8?h!he ou di ?nr-midnasl

c. !me;@s$ 1oi s{r!i m a $e $drsrerd b

DaubL. E\try Baah K(pinP XI

9',11T!11!11.

I'11491tl!]L

i8eruh,'.usqFniar ierd b s, &b ror he

L]hetr'&,dfrclRMresAmo! b rh! c4E ar)

Noae wages paid ro. crctioD .J a crde shed benrg capitd exraddirue shontd bedebiled to itre Bunding Account

l.4l

Ill6lratior r0. FroD i\e tolto\dnslEprre rhe Tr.dins and lrolii and2000 md the Brrr.ce shuer as onadDsrnens grver beloR:

balan.cs a\r,ruclod f.om dre bools of Sharm,Loss A.coDnh lor i.tro Jear ended tlsl tlarch,ilar dat aficr iaknig jnio considerriioD rhe

!l$!!!!

' rrui6i

Dauble Ent4 Baar K?crinr-xl

(tl Closi.g Slorhnas vrlued arR3.61,700.(ri) DepE.tuie Furnnu.c and ve.llmry (o 104; f.n.rnd sates vm rl.20+ p.a.{r"r ouhtrndi.s Renr rmounl.d io Rs. 900r!) \lahe e llorisbn tor Do$tfut Debis rd ii+ or lrebrors(r,) chrrse one fou r orsalarles and lvases to rhe Tr.dins r\ccouni(rnt A i.w hachinsry (as purcha3ed on credt md Dsrr .d on Stsr Decenber

.osting Rs 15,000. No entl},lor the eno has yri been psssed ii rhe bodks.

t on.iqr srdra?nrs lr'rM1.,I !

iiqq

!14

lllustrationll.FoLrNinsTrillB3lxnc.is.\1rr(rodhonirhcLootsotaner.brDi

Darble EntD Baah KeeDru-xt

The lolloains a.t!!rh.ah !.e to be nade:r Sio& nr Hand on 3lst Nlarch, 2009 rvrs Rs. 32,500.2 Depreciate Buildins O 5t, Furnue md Filiirys @ 10* and Motor V.nirles @ 20+3 Rs s50 is due lor intercst on Brk OvedrafrI r t..e.o 0003'd14d p r00".eo,

'',d,5 Inrurance lmobtins t Rs 1.000 F preldd.6. On! thnd otihe.onnnission receired is in reslect ol iork io be don? next year

1 000 as D.lbitul Debts and Pr ovis,on lor Donbtlul Debts irio be nrdt {aal|o 5n on Su.dry Deblors

Prcpxr. ihc Tradins.nd P.olit .nd Loss Amouni lor lhe J*r endins 31sl Ma.rh,2009 snd ihe Balance Shcci rs on rhat date.

tlq

Fia rr .l\tantr!1t\

rry

9. PROVISION FOF DiSCOUNTON OEBTORSDdbs ortstandtrg.t Lhr ond otihe ycxr makc paJm.d! io Lhr n.xr vexr rnd ih.J

" l ,

" 1, d o . s l I 0, ,

" 1 ".

, . " ,. ,b .oi. ',be L.d,r'. l" ,..

',ycd Thns, a rrolsion tn;Dis.;""r on DcbLu." i" -d"

Tl,rrroless is sonc as is ld. ur prori!tu' ri,r doubttul debrs Thr liheh anjourr olLbo]tovision lar lrbrNnt Ac.0u.t Thc bal,nce rn rhe LlLLrr r.count F d.d!.rrd Itumbootr drbts (debiox) in the Balarce Sheel rnd is.rued lo.r.,rd r. the nexi ie!.Discoudh.llo$cd to the er(Lingdcbrors i. tbe n.\ilrxr are d.hjid Lo Lho phrnronfor Ds.ou.l Ar(ounl md mi t0 ihc Proni a.d Loss A..ounr. The debr Fdu!o: th.bxlanc. in the proisn,n .rconnrr it is rnsdt ur ro tho requn{i Jigu.. by a dcbr t0 rhct'rolir ud Loss,\c.ouni,nd crrdit io the provsiotu rr.onnrjus tikc Llrc pu,Grorror D.uLrJnr nobLs A.conniAn i porran t po i.t to ote is t hot.t i s.o t i s n.t a lt o,ted 04 debts t ha! b.!..meht'1, Therefore, th. !.rrisiot fo, dircount is nn le for Eoo.l d"6rs onl:!. ln otirrsords, il* ,ooonr ollhe lr.v^ion to. Dr..uri c rdelared sft.r d.d;dins brd.l

.. d \" o ... fo. oo, ,,r . .t,l"t . ro,. tq . _,,0

.r,"o,, oob,t.",.,..;c ,0,..t.. ,, .e!nornrisRs 19,000 Th.provinonti,rd;ronnr{illbe2r,,Jrotthritg,trf.._ir*iIb;

ta trt t)lt nt ALL.tt'.l

liii Fat trnnNf!'t ts tb unxrut

l&,!d$ tr irdtft $ rd03ifru!di.Gadtit Fot rttdL,E P isi. f.t Di!.o t on rkhLtr:

Dorhle E ry B@h Keping-Xlaf dis.ault Ia Ptaljt an t LasE arN\\tnt:

tntI fnk.\itine/tAi.nappqtsi the boohs, thr thzdirornt nlloued tutU6at rnnsfan,.t rt tht hotisi.n fot Dinunt on D.n/oB Aroa"t ,tst.dtt ot t he Prcfttn'l Las At!, t The eatry uokl.l be:

lltustr.rion 1,2. Thc Sindry Ddrs ol a firdt or 31sl l)acembor, 200?, wore8s.

'10000 On Lfildatc. irv's dlfided lo.reaic I Pturisionfor I) scouni xt 2rr' onSu dN Dcbbrs Durihg 200a. d! rclu.l anounL ofdk.ounl all rd rrs Rs. .!00Tle dclros o. :llst DFnbe.. !o0g {e.c Rs. 30.0t 0 and ir $os asii. de.tdod torcxn.P.oIisnDforDismnn!ove.DeblDrs't21t P$riheJou.n l.nrri.s.Di$ountA..o!ht and Proeision r.r lliscount A!.ouni fo. Lolh the )ca.s.

1&ia.gdl.b9j6l3@1d&trldl

erud$ou rlier idbtur3dAfurl

-1!m

-l

1r'""

Itprovidne ror riisdoufr on debio

l-e,..n','a ^f '1,, r"m ..,r,

I

10. i,IANAGeR S COMMTSSTON

Sdr.,l .i. ih..,rnrrrr F r',rilld !, x.onr i,ron or Drofi$ \]ri(n i. u,Drllt,xlrulxed s r .,lrcrce.rrsoollll r)r)fib Si t,!osp rln,profft. rned br th.lirni.Ii,30.000\fih'utc u'dc'i"grhcn{!r,in,on \hi'h is r':i.. Th, q

'rnndd\!illhf rhen lr" r.uoo 'lh3 pr,fit \ill |f r.dututl rd R: 7ri000 .{r rh? eDr rni otunDGsnD Rs .1.000 ,s

Douhk Ert," Raah k?etn1s xlCn+ r, lrl],cmanrssrisallowedcoNnFsiororiheNirrolitbclorc.hr.grngsnch

connission, mdcos, IlthcDanas.risallowed.omfissrononiheoar jrrofit!ne.dradlgsuch

ronnission aho sh.s the lrdilmlnt in ih. fin.l Acrouts cndins on Jlsi

Cas. 1 Lco,,nirsion allou.d o,t the ?t rtalit brf.r? .haryilE sL.:h ..nu*er4)(i,mnissior-Nei proni berbie

"r*.si.g """r, o,.-t""r-, a"l c"iii""i""

a^ee2lc. r1($nnuurta!' th! ut Falit itte' tha.!:tu flth lDvri*iarlrinnnissio - Nd porir r,e|or chdsrns cnenni$ion r 1i:g;rl:!rl

Illusi.aii.' 1.1. 5.. i,nnission is lard to the fidoN nanaser on the net prolitrdirad Ai alier .h3rqi.a iha Caoerdl iurnalcls (ou,r,G\ion rnd 10.l,connission isprid to th. Ccneml Managcr on ila nei pblit srrired !r sfter ch:,si.g rhe F.cio,J

ll lhe prtii b.forc chxl3rng ih.s. l{o conni$ior E is 3,000,ih.. ntrd oli tha anrod.h.l.o.iD(sn oarabl. io r[e ]rr(ory r anagor and drr

.omocsiod ol l.rLd.! Nanng.r s {x

-100 13.000 r

r = 19 ,"nnn v, y=a,rmo r,or 101' = ti.000 X or,\lta Druk,F\ins Equ!1ion L1rlx 10 lreqetrhe

?00r -30.000-r0l'\0r dedurr Equa'nr l!) liun Equltion (3)

199-\ = 72.000 or ra = 361 31-,... ladoN Ianaseri conniss on is Rs 361 S1 sar Rs 362

ttnon !tstakndrr ixnt4L) \v;Lt a,li I t ,nt:

or 10v = 3.000 36131oi Y = 763 32. sr} Rs. 76,r...: ol ihe Ja!.endms3lsiDc.cnb.r, 2006sdnrs and Profit and loss A(n,di and rhe

No$ subsiiiutcralu! orx'n Equrton 12136131 = 3,000 10I

or rof = ?633 rgjIuusbat;o. 15. Fronr the lollo{insbal!..nd additioml informaiion rircrlrc llie rrlalaNe shc.i olx A It3D iil rDd sons

la) ClosingSto.t \8 yxlu.d ri lh 20,000(6) ?.dvide DeDreosijoD on Luildins@5t ard on rurnihre (d 10ir(r) Outsi or dnrs srlaric s Rs r,000.lrr Li.expi.ed insrranco Rs 50ki Aceued coonissio. Rs 3011.(, Prn, de f.r l\lMase, s Comnis.iun ir rc on .el protii alt.r charghg su.h

Lrr!sqr. M alsscomn$ii1tt5! 3001

Douhtt Ert., Booh Kz.rinP lJ

$hcn ye noti.e 3lD.n arcouni ir rhe Trirl Balance. rve Jhduld rscerrio whother thef.r ,,,, "P" . 'l a,-

.i"."h.,td" .\..\.. , \"a, ,i,,",."s,,., ,t

""1 ,.,rt eor!lthe anouni olinteF* g vDn in rhe T.iat Balance Sonaiinrcs vou rviltlt.d ihni lhr," I' d P

' r..,

'F ,t I ,t ' ',c,,anout ol xfe,.:t dur catcnhr.d h! vou h suchrsnurlion, the djfa..n(c b?r$eenihet{isrclr deds n\hn.hnginrarsl sinnar jsihe.a$oflnphedA.tjdsr .nrI\" \r , ,o", ,.,.,. ,,..

diu+ed st L c ,n vrDrco narlrFrnrl \eo ni!sonr c{mples ol Lnplicdrldlusro.ni rc siven bdor:

r adlD$nicnt shonld he ,,xdo tor nner.sr...ncd bui mi re.ej!\F uu. t", oo4Rs. 6.00.000 x !/]2 i r0/t00

= Rs 10.000the in.urL {ill be credii.d io rhe frofir 30d Los A.couni arll shoen on dre$ser side ol ih. Brl'nce shPar.

N.i,:lrn3,. Y . . -

rtr. \tuiu i ni \!r

Fii,r,d/ shriidrs r,ntrr1n5l \riLh!\apst ut:

Adlus!.enr snounl h. inde for int.r!!i dle nol p|itl !n Rs 90000 (i a'1 for5 drorths iNo\oniber l.20oB ioRs. 900U0 x 3/100 i r,r2 = R> 3.00riThc rmou.r will be d.hn.d io thc Ptulii

'nd Lo:s i! uni 3rd sho$n n theliabiLiir sid. ol iho B.hnre She.ll0n,odrhsiDtorcslool*nklornrn5 1.00,000i12/100:10/12)o.15 i0.000qilibc debiiod bl-l,e ltonr aDd Loss lc.onnl rs .10a*e for thrv.ir lniouroll]Ln,Rs. 2.500 lsee ilcn I n, Tri3l lahnt) his bc.n paid The bahnt ol ils t.a0r$ | nc !ld{, q, $e 3ssei sidc ol rl,P tsalanrc sh..r1/10ih olihc cosi orlere,, r.lts 1.00,000 $illbe d.hted 10 Lh. PronL 3nd LosrAc.ornL ls :notisaiion ol le,se rnd thi! \lll b. shor 3r .ledudior rnrn

'

d 6 '

dl qi

On. ioDrl sala (Rs 1.10.000 : r/l l r lh 10 000 i' irill ouGianding il ilusr bciLtded to srlarr dn rh. drbit snte olrhe ltofii xnd !,oss

^.couri rnd slx^!n or lh.

liabilily snlP oath. Balrr.. Sheeil/5rh of ih. (si ol pri.ni riirhrs, i (, Rs. ?0 tl0, *rll be d.bitcd Lo rl,! l'rotu rnrlLoss Acf,,uni as rmorrh.f.D of prtrnk .ighi and fie srn. rvrll bc shovr! isd..ld.iior ion !rLenls .igtt on th. isset sid. ol rht !aLan.. Shr.rAdjDstnml nluld be n dr jn. urerpirrd nrursn.e or prctrid rnsu. ( 1orRs 1:.000 i 3/1: . Rs i1.000Tnii.ilolnt {ill b. d.duded ft ho iicln side ofth.ltonr and LFs Ac.ourt nd shoin on th! rsnn sLde ol if. ilaL3n.c Shr.i\inrnrd$s nip.cn lrs 6,10.000:9n2:10/100rorl. 1i000(illbouediiad& rhcltolirrndlrs A(ourias i,romellrihrJcar' l)!r olrhis ls ilo00lr]las[aq] rp(lvql lhe blllnrc Rs. 15.000 *ill li. Ji.rrn o! th. rssel s eolurcBilrrt shcei as r.c.ucd nrome

As perlha cBsE syllabds, the fso lar should be dlscussed. Blt orhe' adilstnenrs, discussadiecassary lor betr undedsndinq l

11.INTERESTON CAP TAL

Fund,lnvesed br a ptur'lctor to ih. husi.ess mnsLilLn. ihP Crpital l,ke oih6rbo.rcNn,!:./lo!ns intr.st.nbeP,niorlharroPictDi:finthr.xpitrlrl$ sqrposethr Clrrnal is Rs 1l],l]OO ind tle rrle 1)l Lnterer h a't Trr.n ihe ntol.n liL beRs 2.000 lt is h.aLcd lik! 3.y orhe..rueo.a lnd i: dcbit.d ro ine lrotu rul l''ss'\(nnn rdd.redred Lo lh. C.!t31.\(.ornl AdiunNnt .ni.ic: lnr .hlurns nn o.er

rle F:.!t ArounG. n arpesr: a; follolls:

Druble Entt! Baoh KtpinE tj

4!IntrNt od Capiial E attoscd on thc openine b.t.ncc s.d tr addjironal Capitlt isintrodunat durnrsiha rrr. inter* on iddiin''rt Calnd $.rl.ulated ti.m ure dateon {hi.h n was inboduc.d in ihe hlsinessIllurrar,on rG. -'" roto. r t:, 8,3,. .,.,s,rrr ," , \. l ,. ,. ,or:

''jr' u3,d .3.'s,"){!r- o ha.r

,,]:

(r,r Arprcntica r',eniun Rs .100.l,r clo$Dr srock Rs 29,390

lri, Rfes a.d Tdes Rs 2.10L ) chs.se 5r. intereq on capiial

\ I./-s 20a7, Mo.tntll

Faah.tat sta,:n!n $ tF trL E+\rith^.tju!r!rt

I

E

"3:i'l:i:

r!l

:l!!!!C12.INTEREST ON DFAwlNGS

'nre propnetor hry .ho rcalise itrat when he.tr!$s Donev for hr otrn usc. th. linnlds$ intere* lheralore. Lhc r.oprietor mar be dcbit.d sirh dre n ere{ oi ih.

Dar,le Enhl Booh Ke?F,tP Xl

'r.r' i. lel -o,,...,,o, 1"d,;Lde erenl! rhronshorr rheyearrtle..tdr., inieresi js drarged tor sx nont# on iheft,ll anonnt su!I]o-!e, dr-a total dmNinss

'.e Rs. 1o,o0o and rhc rsie orjorerest is5t,theinterensillb.Rs 2r0 rh. enhies io bc passcd are:

Itlusii,iion r?. lreFaresheei Jion rc toltor:ins

r|fh. arosinssto.k {3r rrlued 3r Rs r4.500.Lnr Delren.b Plant md Mrrhinerj- Rs 4.000.n,n Allo{ aq ,nr.t{ on ar3piLal rnd.hDee rnrptsl dr drawi.gs cd 6.,ltr ) A n,n olJls 100 tr dur lor relr.h!1!) X ch..qur of Rs 2.000 d.po,ailed ri ih. la+ n.ct of lr...nber i.as.aoorr.d iohrv. beer d(hdDourud.

F mn itshkqnt.\riaat alr \1)t, Adr td.n.

l

Narrnr as on lllsi De.ember,

lnieresr Drust b. ra oD lons rvbcthcr ihetu i3 I]rfii or loss II is ral.ulaipd byrle ng 10 the .ah oI interest asreed io be paid by ihe rirDr rperrod of ihe loan suplosa ! loan ol R: 2,000 is 13ke. on 1st llav 2007 ri 13* ll

llosetl on 31st Dr..nrber, lne inrorcsi lor thc.v.rr (ill beRs 1.10 i.! . Rs 2,000 i 13/100:3/r2. ]Le inrerest anouri ilD.t p3id rn.xsh, m3ybe oedned erherto ihe Fersonxra..ount orihele eroriothc I.r.r.:1ouls.ndingA..ouri The debt, olcourse. lvill be 10 rhe lltareei A..o!n, Th..diustn,q.nl[

nlusharion 14.frcn thc lollorring tial Ialanc. ofRan?003, Dlepa.e rhc Trrdins rd Frotft rnd Loss A.counl

barblL Enb\ Baar JturrnE xr

Thc lollowtLs fLLibe. intormrtton was grveria rvaces lo, D..rmba.,2003 smountinsto Rs 2,100 havrliir lndudrdin ce..r.l Xxpens.s is lB!.rn.e l\emtun Rs.endids 3rsi Marcb 200s

inr A frovis,on ror doubihldebh(d i9t on debio.s is re.lssarrr1,r) Derrec,xdon is i. ho.h*gcd as follo!,s

r,.nd and BriLdins 24. Nhdrine,_v 10rL sod FurniiD.e ud lirru.cs 15s.t, I Th. lorn lro.r ]'Irs Ram Narain [as rd!.n on ]stJutv.2OOB Inierasr.h'sntrr) thc vrlu,olSroc! at Hlnd(rit 1he n,rnase.n cniided 1o ao Br* De.ehbd, 2003 sas Rs 1.1,900colrmirion of r0.r or the nai p.ofi1die..haqnq

tm

;11

iq

:1'!iJqNol: Prolit bclorc .haryrng ConDission is Rs.31.tJ00. Connission payablo'! l0t

ol n.t u olir .tto .hnr$ng $nrf CoDD,issioD.vi igla\ r',

',

14. ABNOR]!IAI OF ACCIDENTAL LOSSESSu.n losses o(nr becanse ollire, *rthqnales dr r..idents Tirs. n.! dcstrdr son.lircd rsses orlhe li.m. h srlh a.'se mAsrtAcronnt is credned 3nd the lrolit sndLoss lc.onnr debted dre debii mar be sprerd ora, rrn, o. o,rc.!ern.SiocLolgood! nrJ rlso b. drst.oyedor drmaged bv nre. oroihinar becanse ofthis. ihe vrluo oriho sto.k rril hc toyf ihrn othcNisc Thn $ill.educ.lhe sqioonr ol!tus and ret profi1. ftir. ho(erer. bede, to 3s.e&n, ih eb!!Froni*hrheorld hara bee eao,ed r\n[oo, rhe lNs since this en$les the nnn io

Da bb Enta Baak Ke,p"4 :arjudg.irsradinsolerationsprcFertyrrnulliryficstrcctoflossot3tn.k.dETradine4c.d un t is ..ednad !ir.h th.cosrolrheeoods dcsr.oved lrrh.goodsdesrroyedrreno!ionrcd then fie .ost pncc of fia qodds d*rroyed is delrited 10 proni lnd tossA.counr Ildregoods arinnued. rhen th. dain adnried by r insumr.e co,np an!isdedudedandr\.drimnotr.tniiired;debtedrorherrofir&dLoss,{.coui Tberdluiide.rrics re as toloN:

D l-l ? l.J o rtmlmi 0..]1r) i5utrca.rtrmu cc. r LAm d m!iilcrml

ht' n cz c.mpln!\ Acnuna uin6c rhobn as aL ass?t in aabn.e sheet,Norc: /l s,.t L- r,i r, f?d, tb ablnEntry bil tu Dasld:

nlustmtion 19- or t3th llarch,2009. stocLs rvorth Rs 30.000nardcstuIedbyfiFthe og[ $jtuurcda ttre intu.,oreconpanJ admiiied a ctaim otR: ti0.000onl]Gi,c ihe N.essl,f Jfornal dhes and 3nd\ how it will tre ba3rld D dre Final A.couDis.

Fmtr a 4@m, rrimdrtrri!.nrn

t\t o al Sttqr?nt "

lF,iol N "i lvrt A.,tl i1^!a.

nlJst..iion 20. From ihe rollosing ledser bsllnces ol \II Ch$an Sinsh, p.cpr..the Tradn,g rnd Pr.fit.nd loss A..out for th. vea.c od31slMxr.h2009nndlh.Balmc? Sncci as on rhal dxi, .lle. Dnkinsthe ne.essry 3djunnens:

ii) Slo.k o. 3lsr Mar.h. 2009 wxs Rs 11,0001nr Wrire offRs ri00 as Bad Debts(iii) Provision ro! DouL,Uul Debh n b be Dainranred @5+(,rr hovis,oD forDcprcciriion,Iurnllur. ldd fixru(* lt tt p3 sndor!l!rimd

ird'nrcry 3i 209t r alu) Insurlnce Frepaid {N Rs. 100.(r, Afteoc.ur.edi. recodow. and *ockollhrvrlue olRs 5,000vt\dL*royed

Ii *rs insur.d xDd thc inn,rxn.c.ompany.dmiibd lull chinl

Datblr Enlr Baan K.zp"tp XI

nlrsf,rirn 2t. rh.l\'i.Lllalrn.e ol\t ral & Co r:on illsi lrece rr.2003w$

Ftnot,.lstdkndrlF?xl,tL) \\|t tr irt.4 t;Pr.pr.c ilo T.rdins and Prolit and Loss A.couni for ihe veu Decenber, 2003 md'I,8t",, (',. id , dq lolo^ : n,3,o(r) Depre.,ation on funiiur.li! 10t io be drargedrit) DcbtorsindndcanftcnotRs 500dnc lionr a.usrorerqhoh$ bocone insolveniLn, &o!sio. lbr Bad Ileb[ (d sii. rn Surd.y l]eL'rrs is lo Lc ma,nojntdrilr Coodsulued atRs r,t00 destroyedbllue and insu.an.e.orFny adnried al!) slock on 31sr D..cnbor 2003 nas Rs 12,5s!

=ry

!q!

ltlusiraiion 22. Thc T'irt tsat.ore

DaLbtrEDtry Bnnsiqh! xtol ltr GolslD,s asdn 3tsi M!r.h,2009 s,!s rs

Prep*-a ih.liiriog rnd P.ont Rnd Loss Alcouni tor ih.I,car ended rr3r.h 31.2009lnd ihe Ril,nr! 5h.ri as on ihit daip rltari.k ng rto (onsiderations iha tblt.J*,njj

tt) sLork 0! 31sl iua.ch.2019 *3s Rs 61,750(i, lrepra.l:itu. on ni.niinre is io lra dralged@ 10.r.Itr) frorison fo. DoubilDl Debh is i' b. mrintrined@ r.t on su.d.v D.|rfs'. s, tr,,. i -! rnrh--( ) coods ol rhe ralue or Rs ?,500 nrlc been deiroy.d hy nr. xnd in rance

rompuy edmttad r.lajnr tor Rs 5000({,i) fu.eived Rs.6.000 ro.lh of soods or 27rh March. 2000 tu1 rhe invoi.e otpur.h$e w,s noi re.o cd in pur.hases look

.]llA

Aa'frr Siakna r: Fl? 1 {c rl? rJr ri d3

Notc Fallau u4 .Ltt nL!] he pasvtl h a .at.l a,)itted ru.claNts10 s4r slc@b'l

15. GOODSSENI ON APPROVAL BASISSon.lin.s goods 3'e seni to.usio',.*.D ihe condirion thxl h!,Rn reium thr loodsif rhq i.enoirpFrov.d Nn.nsll.viI.tinrfflrl,sRlsoslreofi..lNnIlnrbrhthegoods should hc riumed Ho{.vrr. wlren ihr !oDd: ai.:..r or llproul Lasis iL isu ally .redited t! the SrLes A..ourr and ih. Cn*omels Acronnt i! d.hir.d llaringend ol rh. 1u.. ,here ere ceririn goods iill ]r'jng $irl, rbe odoftY. r\.iiingrpp.ovrl t.. i]le c'stom.. nnl bas ine nlLl io raiLrn ih. loodc lhe lolloningadrusrna crtica are passld,

rr ,{r se 4 P,dt

Accounllng Treahenl ol Goods Sent on ApprovalBasis1 S.les value olsurh goods is dlorvn on iho (cdn sid," Lry nsy oldedndon Jio'l2. Cost oa cn soods is shosD on the crediL sjde br

3. l. the lalmce Shcti, Sundry Deblors shall siandC los nrs Sioch shall stand infeased by th! con of

$,r ol eddtion to thr dosingrdu.ed lryihe sale laluc xnd

Illusrrdlion 23, On 3rJt Mar.h,200S t]le lollo' ins Tj.ial Balance {as exr.R.ied n on

lrep8n the trdins ard Froit 5nd Loss lccount for the y.!r cDd.d 3li Mddr,2009and Brlln.e Sherl rs on thrt date, after naking adjLNinents for i]le folloning naiters

rt, De0'ecrale Land &d BuLlding.l 2r:ir lnd rloror vehi.les ar 20i.rit) lnreresi on Lorn ai 6t! per rnnum is unplid lor six nonthsaiir Coods (srn,gRs 500 $..c"ror Lo a rusr,n.roi r

3tst Msrh, 1009 and had been recordcd in thc books as r.tual srlcs.ri|j saliri.sdouoiineioRs ?503ddnia3anouninrgioRs 350*eouhilndins1.r lrepad lNnran(e anonnted lo Rs. ttoiri) P.ovision lor DouLllul DrLts is ro L. dainiaL..d rl5tl on Sund.r Dcblors.(lii) l'rov,de lor U!n5ser\ rjo')Dissior si 101, or .ei pmfis r{ter.ha.sing such

(u.itr Stock nr Hind on 31siMxrdr.2009, *$ulucd ri Rs 6,250

i

Fh tt4tst t r!t tFirott\,t Ll\r\AJ;titn.t.

J!!L

!!!

!!!L

Notes: r. Coodsse.io. !r,rro!rlh!v. baen induded LnrheliLosnrgSto.k2 ThcMmascriConnnssidnonn.lD.oiiis..lculal.da!10/1l0olR; 3,?12

Coods nr TraNit refe$ to fiose eoods rvhi.h nrve becn pu.hared bui har rol Lemtucdved dur;'glhe.urenl r(oud!,ngFi,od thasagoods Ie a oidol rha t)los,ngSioc}. th accounbng heabrcni is as follo-'.sl

Da61? Ent4 tsaah r4rr4 xr

rlusir,.i.n 2.1, Inroicos for soods co$n,s Ri 20,000 havc bccn cniercd on N&dr 26.2009 Lur ihe so.d3 h!r. not J.t b.cn receieed iill N3-h 31. 1009. TaLins rhe..couniinsrar as ihe n.5n.irrr.ar. F$ thc nectssarr adjusrins.rries and sho*tle r.r.nd.r1 in tho rinal A(oun*

lBeidg r.he goods D!rrh$.d brirot yet E.e,ved)

HE PROPFIETOFlvha. ihe 0roD.irlor drrm somegoods o.cash tioi,lrni rru:in.ss lor his peEonal use

\r' il yon fiDd ibat ihis hxr oot b(n r(ordcd in ile Loohs. Jou hrr.io iiake rheo.Gs!.r riljrilm.nts io iahe ir ntu i\-A FnrsL A.!:.u.ls rhm. thc irerDent ol su.ldrr\rinss oleood: by ih. pn,Fictor in the !.jnal.\c.odnlr ,s !.61|ILsI D!dud ii tr.,n rLi.has.s on tns debir side olibe lrlll!,sA(couni2 Lrpilld n.irh.r f.on dFiirt or add io dnvnlgs oi 1[c liatilib sidr ot rhc BdancrAccounting Treahent ol Drawings

,f![nd,s/aL,.li,tflol41.r111il

odds 1rys1 sm$\)m$

14, GOOOS DISTRIBUTED AS FREE SAMPLES!'or sdeFronoiion. somcolih.soodsnatbcdistibured as lieasrnples. ro.cxrtpl..,fgoodslorthRs 5,000.!cdise,buiedAl|ccs. ,tlesrh.dii\allbeanrdv.nistnonrlbr ihecomenbnlon Lhcoih..hand iIe $o.ks rvill bolossLyloods ol such vRlue Inordar b Lrry this inlothobooL( ol3..ouri. ine follo{ing cnr.t is prssed:

'rhe rvo lold efl!.t of tli" rrlrr Lrill be:1 1 is shoin on ih. cr.dir snle ol tlre 'tradins A.cornl, or d.duded f.on ihc2IrjsBhownoruredcbilsidsolihcPnJlnrndl,ossA..omidadvciiscn.nieapenses[lustn{ion 25. rrod]ilre tollosnrs fiirlBrlrn... tr.Dxft il.l}ldnrs lnd Profir rrissA.connL lor llcFarcnded Msch 31,2009 and ll,ell.l!d.P Sheet as on lhrt d.r.'

(t Cl6nrg Sro.k Rs 6,000nri Coods .o$ins Rs. 1,000 vcft jstihliad $ llea samlles ihih !od& cosiit'gR,00-

(,,, r A cedii sale olRs.2.000 rvas.oi re.orded u ihe ssles bookriu) Cldsing Stock nrluded eoods costing Rs r,000 vhi.h\.resoLd rdd r{o.ded$

ssl6 bul not delvercd Lo rhc !u"iod,.rl!) Mainlah f risnin Jir' lroulitul Dcbb @ 5!,

1Lt) (Jnlv one third advetisin* cxp. n s. s ar. to be w.itie. ofi:

Da$h EdrD BaaA k.pirz-Xl

hltlPxqditg31,fufth,0l'

r.!@

/dd:0u6hid@ dd4Lol@n

Illfttntior 26, Cilcr belos ir rho ]lial Bal.ncs ofl's Glph & Sos as dn 31.3.2009

\trn)olN ) \litl \\r tt,?r\

(t) On s.r!.i.r n i hund thrl bank balancc as per curreni.c.o3132009nxsRs.5,73,000 .hequaolRs 70.000 {ar (ollcdd f.om a dcbtorrdurned dishonoued and 3 drcqL. or rk 1G.000 rv$ d.Fo:red by arodle.

ltti Clos,nssl.o(k * 0r 31.3.2009 nas Rs 10.000(rt) r'u(hlser rel,urn Rs. 2000 was rvmnglr Foned 3\;rl.! rdebiLcd to strlpliert amou.i(i,) Pur.hases DaJ Book is Jbu.d.verri Lr R\ 6,000(,r Sales Day Bookis fou.d u.dc.eri h! Rs 2,000

tou rr. rcqui.cd io lr) re&rlt tne 1.Ii3l l]3l,n.e, a.d L2) ptupt!.c rinrlA(lmts ol

rR AL BAeNcE rFehis4 d, !5r r,i:u ?e!

Pudd4 (Rs 6r@0 n5 6@0lsaA Fdui lB5 trft|.R5,.01oPudA*idui lBs cm0+a3 r@0)Smit} Ddbn lF! 8!m0rF5 7i.m0.3: t.oN]

c*hdB klFs 6.!oi! Rs 70c!0+Fs r0N)

] 1';;

Drubh Etun Aatt K,?pinC X]

!@

Note thc rxisia.cc ol SuqrD.e Accouli;n the .cctifisd T.idi tsalancc implioB iha!!s!q

13e(.n!de@bd flo sd d '*r! by 4do,l

1&hq Nrch$ retun woe r red&d s

Frr4rrur Strrtrn!, L L'r;i' 4i

li) I ltrdedm1nesto.Linth!tcginiLngoflis.5.l50,the*ockofit.UonlrroJRr 150(ii) ln.luded i. the General Erp$sa A..ouni. ihe expen:es olstalioner! Dr(hosed(iiir ld.luded nr thc siock a1fi. edd Rs t,200, inc sto.L olsrtti.nery lts 200Ho$ {ill Fu adFsi th.ligu(s oJ opennrs md Closin! Sto.hs ol linel ac.ouls lurpos.:?Shor!rh.rno nrotsiat,oruryused,ob.shorrninihel,lofitrndLorsAcoudi

ajpeningSlodrvilltreiho\r*i$redu.edfisu..t,i..lis 5.000lRs s,lt0 Rs.150)ontnc.ioliisid.dltheTrldngA.count Slo.har rhe -".d. t.. Rs 5,000tRs 5:00Rs 20l]rrill be dro\rn on thecrrd sid. oalheTradingAc.ount xnd on Llt rseh side'lhe6gxrcol rrionrJ lsed io be sholvn on fic dcbil s,d. olPnnii 3nd

Illuslrliion 23. The folLo$ins Tri.lE

I j.6t!4

(,r Storh r 31st Mrd 2009 rss vahed at Rs 30.000(ii) Olthc Sundry Debiox Rs 3,000 arc trd.dd nxrld h-" rvdiien oflL;tt) Mainian r prorision ol Sti on Slndry Debtorr ior Doubtlul dehlsii') Coodsrosljng}rs a,000'eresenito.usto,net o. Slle on ApFrcval Basis on Soih

Msnh, 2000 Lrt rccDrdd $ acr u3l $lei nrc rab olsxoss ptu6r \r!! l/iih or co$(,.r Trro ihir.is ol tle exDendnure on.rnasc pe.lana m ihe eoods Purchas.dlo.allJ and LmFricd lnd USrd.elated io sales

(Dt) Rs r,200 paid !s oni.e rani rvere d.bihd tD thc lrndlddi sc.odri md sePnrLuded D the Surdrt Debrors.

IFAO NG ANO PBOFl ANO LOSS ACCOUNT

D. bt2 Enr4 ,t ol K.rpinP-xl

oii) Cneral Mnnlgor to begiven.ommission oll0{ aitcr charghg Lhe.onmissionol wo.ks manogcr ard his o{D on net proni.(utii) Wofk m..re! ic ro be givcn a! 5i,.onmislion att . cheglng comnission dlCc.e.al ilan!{$ md his own o. ner profit. Such connission shall becalculrt d to ti ne est nulriplc of rupe

Yor oF.equied 10 prep!rc tlc trading and Ptufir dnd hss Adount to. the yeo.ended:lrstMrrch.2009 a llrc Bal.nle Stect asont[:l dale.

t ?sr?Lrry

f .i6

I $i"r6o

G*d d'r4is c4m$r rNft t

'j!9I Tllul cariaee is lts 6.000, 2/3.d is relaied 10 purhases and l,1ld h related b

ral.N. Thcrcfore, R. 4,000 will b. dqbitd to n,c TrudingAccount 6!d Rs 2,000ivlll bedehil,edto the lrofi1and Lo$ Acrounl.

2. GroNsP.oEionCosl=V5thor20%olcmi. let rNt p.ic. otgod& $ld on appbral- 100, Gfts Protit = R:.20, Sellin8 Pn.e = Rs r 20, Srlliry nricc olstftk or s@d,*cnt on $lp on ApproHl Brsis

- tL4. rrlo'Its. r0O x Ps. i,ooo - R\.6,000

Ftnrtt at sto'a'a rl.i nntAh\+\\'n 44t.tt nt'

IJ!Cl,): nslr.htor=Rs 35.000 Rs 3,000rBadDebhi Rs 6,000(SalesorAlprorxlBrsnr Rs 1.200 (Renr = Rs 2,1,3u05 cak:Lllti.n ofcont i$ion:N.i P!.lli lrefore arJ co'nncsion = 96,260 ,1.000

Ccneral M.nageri ConmEsionN{ll!!!!9!r:s4raltto : Rle or'(i rl.'s c{n]nisim100 + RareolC.XI t Cotunissio. + R:ie ollv M.'s ComnnssionR.32e60!ro R. sr.eeo, lll=R. ?21+

100+ 10+5xl:

Illustntion29. From in. bools ol MA shyanTrade.s tlr lollosjng TrialBah!.eh3s beer p.epared on SrstMrr.h,2009

PEplr. thr Trrdidg a.d f.otir2009. mdincBalanrc Sl,cer,s od

ard Loss Ac.onnt lor thc !.a. d.ded 31* Mar.h,ilri daie, iakinginio consid.ration th. aduslmenihr On 1* October, 2003 planr $o.th Rs 10,000 ras !dr.h$ed on .r.dit bui no

ennr has been Fassed

notbLE r. D ar x{prn9 xIh, or rsdlri4 tryfl&s: Renl Rs 500 sal&.J Rs 600(it) Pzpatl t4rr6j lnsuance Rs 250, wasls Rs ,100

.0, I"oirF rp-o1' b.i... ..r') $r e ofDeprecl.iion on Phnt

'dd F!.niturs@ r01! a1o) Wit offR: i00 iiom neltors asArd Debts xnd crcaie lrNEiodD.hls 1.51; and 2ti llrorisionlor Disconnt or trchro.s

Nors lJepre.hiiod on Ptani = Rs 5,000 (i..., Rs 5r.000:10/to0)+Rs.500(r..Rs 10,000 ! 10/100:6n2r

- Rs 5.500.

Fin qi wtt,Att)r r .t .

!q

r S!1.: Trx roll..lcd is roi a revenue tb. rberoll(trdorth.bchalfoltheLtovernneDi sotrhc busl ,ss llll i; paid offro dre Goye.mpni

2. lnromo Trxto bc txkcn as dlrnDss

busirtss., ho$c!or. n is I r.cciplsli.uld li. usnlcrd I llxbjlity lor

Pfur,a.c thr Trading and lroit rnd Loss Accouri lor t Jc..endins lhrch 3t,2000and in8 Balance sheei as on ihrl dare ror n!k;,g thc folo{ins adjusrDerrs

t) nerireclalo lurniture and Filtings bJ 10t or orjsiddl.o(ii) nhhe ! Prolision lo. Doubtlnl Dcbb cqnal to sti ofDehi.*liti) SrlrioslorthenoniholM .hmrountinc!rR3.3,000nereunpaidNhi.hnDn

bsproyided lor Thebahnc. in rhc..couni indudes ls 2,000 pa Ln.dvancr1t) Insuranre i3 prctaid to thc catc olRs 2,000(o) lrovide Rs 3,000 ror omlc expenses.

Dauble Ent4 BDahtutrie xI

") s'..r v,h,.d ,1Rs 6,000 $ere Fnt up by Ranr lor hE Fer\onrluce, ihc.ost of\rhi.!hrs nol beeD adju*ed rD(rii) closins sio& valued ar Rs 63000 lNer lre3lissLrle vatuc R3.60000).

NDre A(odinsio Acronnting srandard 2 issued by lcAI closiresiochis vslled al3 lorver.o* or nat r.ilisxr'1. rxlu.