BALANCE SHEET 2 - ABC PRIVATE LIMITED PROFIT AND LOSS...

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ABC PRIVATE LIMITED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2011 Schedule 2010-11 2009-10 INCOME RS. RS. Gross Sales 221,816 163,696 Less: Excise Duty, Sales Tax Collected (30,821) (21,410) Net Sales 190,995 142,286 Other income 2,712 4,534 Increase / (decrease) in stock 2,341 (8,344) TOTAL 196,048 138,476 EXPENDITURE Cost of Goods Sold 8 156,183 97,875 Administration and Selling Expenses 8 16,381 13,770 Financial Charges 10,826 7,933 Depreciation 5 6,692 6,462 Prior Period Expenses - 38 TOTAL 190,082 126,078 PROFIT BEFORE TAX 5,966 12,398 Provision for Taxation - For Current Year 2,200 1,925 - For Deferred Tax (301) 1,844 - For Fringe Benefit Tax - - PROFIT AFTER TAX 4,067 8,629 Profit/(Loss) brought forward from previous year 12,710 4,081 PROFIT CARRIED TO BALANCE SHEET 16,777 12,710 BALANCE CARRIED FORWARD TO THE BALANCE SHEET 16,777 12,710 NOTES TO ACCOUNTS 9
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ABC PRIVATE LIMITED SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT MARCH 31, 2011 As at As at SCHEDULE 1 31.3.2011
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BALANCE SHEET 2 - ABC PRIVATE LIMITED PROFIT AND LOSS...

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