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    Smartex Plastic Financials 21-22

    Uploaded by

    Vamsi Shetty
    1) Smartex Plastic Industries' trading and profit & loss account for 2021-22 shows a net profit of Rs. 1,188,905 on total sales of Rs. 13,935,671. 2) The balance sheet as of March 31, 2022 indicates total assets of Rs. 13,206,277 including closing stock of Rs. 5,151,547 and fixed assets of Rs. 3,180,580. 3) Liabilities include capital of Rs. 5,108,603, bank overdraft of Rs. 1,600,000, and current liabilities of Rs. 4,260,986.

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    Smartex Plastic Financials 21-22

    Uploaded by

    Vamsi Shetty
    50 views3 pages
    1) Smartex Plastic Industries' trading and profit & loss account for 2021-22 shows a net profit of Rs. 1,188,905 on total sales of Rs. 13,935,671. 2) The balance sheet as of March 31, 2022 indicates total assets of Rs. 13,206,277 including closing stock of Rs. 5,151,547 and fixed assets of Rs. 3,180,580. 3) Liabilities include capital of Rs. 5,108,603, bank overdraft of Rs. 1,600,000, and current liabilities of Rs. 4,260,986.

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    Smartex Plastic Financials 21-22.xlsx

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    1) Smartex Plastic Industries' trading and profit & loss account for 2021-22 shows a net profit of Rs. 1,188,905 on total sales of Rs. 13,935,671. 2) The balance sheet as of March 31, 2022 indicates total assets of Rs. 13,206,277 including closing stock of Rs. 5,151,547 and fixed assets of Rs. 3,180,580. 3) Liabilities include capital of Rs. 5,108,603, bank overdraft of Rs. 1,600,000, and current liabilities of Rs. 4,260,986.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    50 views3 pages

    Smartex Plastic Financials 21-22

    Uploaded by

    Vamsi Shetty
    1) Smartex Plastic Industries' trading and profit & loss account for 2021-22 shows a net profit of Rs. 1,188,905 on total sales of Rs. 13,935,671. 2) The balance sheet as of March 31, 2022 indicates total assets of Rs. 13,206,277 including closing stock of Rs. 5,151,547 and fixed assets of Rs. 3,180,580. 3) Liabilities include capital of Rs. 5,108,603, bank overdraft of Rs. 1,600,000, and current liabilities of Rs. 4,260,986.

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    SMARTEX PLASTIC INDUSTRIES

    SHOP NO 103, HMT WELFARE BHAVAN, OPP TO JNTU KUKATPALLY


    MEDCHAL MALKAJGIRI, TELANGANA - 500085

    Trading and Profit and Loss Account for the year ending 31-03-2022
    Particulars Amont(Rs) Pariculars Amont(Rs)
    To Opening Stock 5,071,153 By Sales 13,935,671
    To Purchases 10,428,188 By closing stock 5,151,547
    To Gross Profit 3,587,877

    19,087,218 19,087,218

    To Salary & Wages 814,000 By Gross Profit 3,587,877


    To Staff Welfare 16,672
    To Stationery 18,600
    To Vehicle Maintenance 104,894
    To Water in Factory 7,050
    To Bank Charges 13,049
    To Parcel and Courier Charges 7,828
    To Transport Expenditure 15,060
    To Depreciation 558,041
    To Electricity Charges 121,150
    To Factory Rent 192,000
    To Fuel For Factory 12,115
    To Repairs and Maintenance 73,325
    To Retail Expenditure 73,635
    To Printing & Stationery 6,669
    To Office Expenditure 38,723
    To Misc Expenditure 26,252
    To Int on CC Account 240,752
    To Interner Charges 12,050
    To Insurance 47,106

    To NET PROFIT 1,188,905


    3,587,877 3,587,877
    SMARTEX PLASTIC INDUSTRIES
    SHOP NO 103, HMT WELFARE BHAVAN, OPP TO JNTU KUKATPALLY
    MEDCHAL MALKAJGIRI, TELANGANA - 500085

    Balance Sheet as on 31.3.2022


    Liabilities Amount Assets Amount
    CAPITAL 5,108,603 Fixed Assets
    Plant & Machinery 3,131,044
    Loans and Advances Furniture 49,536 3,180,580
    Bank Overdraft 1,600,000 Current Assets
    IDBI Loan 760,000 Closing Stock 5,151,547
    Term Loan 1,115,508 Loans and Advances to Related parties 1,236,141
    Unsecured Loans 245,296 Sundry Debtors 3,252,415
    Current Liabilities Cash and Cash Equivalents
    Provision for Taxation 107,320 Cash in Hand 380,333
    Sundry Creditors 4,260,986 Cash in Bank 5,261 385,594
    Duties Payable 8,564

    13,206,277 13,206,277

    CAPITAL ACCOUNT (2021-22)


    Particulars Amount ( Rs) Particulars Amount ( Rs)
    By Balance b/d 3,455,944
    To Provision for Taxation 107,320 By Profit for the year 1,188,905
    By Additions during year 571,074

    To Balance c/d 5,108,603

    5,215,923 5,215,923

    For Smartex Plastic Industries

    Date :- 31/07/2022 Chavan Malleswari


    Place : Hyderabad Proprietor
    Depreciation ( 21-22)
    Asset Opening Balance Rate Depreciation for the year Closing Balance

    Plant & Machinery 3,683,581 15% 552,537 3,131,044


    Furniture 55,040 10% 5,504 49,536

    Total 3,738,621 558,041 3,180,580

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