PARTICULARS | AMOUNT | PARTICULARS | AMOUNT |
Rent, Rates, Insurance, Electricity | 24,000 | Gross Profit | 3,00,000 |
Directors sitting Fees | 7,200 | Discount Received | 12,000 |
Preliminary Expenses | 9,800 |
|
|
Selling Expenses | 11,000 |
|
|
Interest paid to Vendors | 20,000 |
|
|
Net Profit | 2,40,000 |
|
|
TOTAL | 3,12,000 | TOTAL | 3,12,000 |
PARTICULARS | TOTAL | BASIS OF ALLOCATION | PRE-INC (AMOUNT) | POST-INC (AMOUNT) |
INCOME |
|
|
|
|
Gross Profit | 3,00,000 | Sales | 60,000 | 2,40,000 |
Discount Received | 12,000 | Purchase | 4,000 | 8,000 |
TOTAL INCOME | 3,12,000 |
| 64,000 | 2,48,000 |
LESS : EXPENSES |
|
|
|
|
Rent, Rates, Insurance, Electricity | 24,000 | Time | 8,000 | 16,000 |
Directors sitting Fees | 7,200 | Post |
| 7,200 |
Preliminary Expenses | 9,800 | Post |
| 9,800 |
Selling Expenses | 11,000 | 1:4 | 2,200 | 8,800 |
Interest paid to Vendors | 20,000 | Actual | 8,000 | 12,000 |
TOTAL EXPENSES | 72,000 |
| 18,200 | 53,800 |
|
|
|
|
|
NET PROFIT | 2,40,000 |
| 45,800 | 1,94,200 |
PARTICULARS | AMOUNT | AMOUNT |
Gross Profit |
| 3,50,000 |
Less : Office Salaries | 1,35,000 |
|
Office Expenses | 45,000 |
|
Travelling Expenses | 24,600 |
|
Office Rent | 48,000 |
|
Salesman’s Commission | 24,500 |
|
Depreciation | 10,500 | 2,87,600 |
NET PROFIT |
| 62,400 |
PARTICULARS | TOTAL | BASIS OF ALLOCATION | PRE-INC (AMOUNT) | POST-INC (AMOUNT) |
INCOME |
|
|
|
|
Gross Profit | 3,50,000 | Sales | 1,00,000 | 2,50,000 |
TOTAL INCOME | 3,50,000 |
| 1,00,000 | 2,50,000 |
LESS : EXPENSES |
|
|
|
|
Salaries (Partner’s) | 30,000 | Pre- Inc. | 30,000 |
|
Salaries | 1,05,000 | Time | 35,000 | 70,000 |
Office Expenses | 45,000 | Time | 15,000 | 30,000 |
Travelling Expenses (Office) | 3,600 | Time | 1,200 | 2,400 |
Travelling Expenses (Sales) | 21,000 | Sales | 6,000 | 15,000 |
Office Rent | 48,000 | WN3 | 14,000 | 34,000 |
Salesman’s Commission | 24,500 | Sales | 7,000 | 17,500 |
Depreciation (Post Period) | 3,000 | Post-Inc | - | 3,000 |
Depreciation | 7,500 |
| 2,500 | 5,000 |
TOTAL EXPENSES | 2,87,600 |
| 1,10,700 | 1,76,900 |
NET PROFIT/ (LOSS) | 62,400 |
| (10,700) | 73,100 |
PARTICULARS | AMOUNT | PARTICULARS | AMOUNT |
To Salaries | 1,44,000 | By Gross Profit | 4,50,000 |
To Int on Debenture | 36,000 |
|
|
To Sales Commission | 18,000 |
|
|
To Bad Debts | 49,000 |
|
|
To Depreciation | 19,250 |
|
|
To Rent | 38,400 |
|
|
To Audit Fees | 12,000 |
|
|
To NET PROFIT | 1,33,350 |
|
|
TOTAL | 4,50,000 | TOTAL | 4,50,000 |
PARTICULARS | TOTAL | BASIS OF ALLOCATION | PRE-INC (AMOUNT) | POST-INC (AMOUNT) |
Gross Profit | 4,50,000 | Sales | 50,000 | 4,00,000 |
Bad Debts Recovery | 14,000 | Pre | 14,000 |
|
TOTAL INCOME | 4,64,000 |
| 64,000 | 4,00,000 |
LESS : EXPENSES : |
|
|
|
|
Salaries | 1,44,000 | Time | 24,000 | 1,20,000 |
Int on Debenture | 36,000 | Post | - | 36,000 |
Sales Commission | 18,000 | Sales | 2,000 | 16,000 |
Bad Debts (49,000 + 14,000) | 49,000 |
| 7,000 | 56,000 |
Depreciation | 19,250 | Note | 3,000 | 16,250 |
Rent | 38,400 | Time | 4,000 | 34,400 |
Audit Fees | 12,000 | Post | - | 12,000 |
TOTAL EXPENSES | 3,11,400 |
| 40,000 | 2,90,650 |
NET PROFIT | 1,52,600 |
| 24,000 | 1,09,350 |
PARTICULARS | BASIS OF ALLOCATION | PRE-INC (PROFITS) | POST-INC (PROFITS) |
Profit Before Transaction | Given | 76,000 | 1,07,000 |
LESS : Debenture Interest | Post | - | (20,000) |
LESS : Discount Allowed | Sales | (2,000) | (2,500) |
LESS : Depreciation | Post |
| (10,000) |
Depreciation | Time | (20,000) | (20,000) |
ADD : Share Transfer Fees | Post |
| 5,000 |
NET PROFIT |
| 54,000 | 59,500 |
PARTICULARS | AMOUNT |
Depreciation | 1,08,000 |
Audit fees | 15,000 |
Director’s fees | 50,000 |
Preliminary Expenses | 12,000 |
Office expenses | 78,000 |
Selling Expenses | 72,000 |
Interest to vendors up to 31-08-2015 | 5,000 |
PARTICULARS | TOTAL | BASIS OF ALLOCATION | PRE-INC (AMOUNT) | POST-INC (AMOUNT) |
INCOME |
|
|
|
|
Gross Profit | 5,40,000 | Sales | 1,20,000 | 4,20,000 |
TOTAL INCOME | 5,40,000 |
| 1,20,000 | 4,20,000 |
LESS : EXPENSES |
|
|
|
|
Depreciation | 1,08,000 | Time | 36,000 | 72,000 |
Audit fees | 15,000 | Time | 5,000 | 10,000 |
Director’s fees | 50,000 | Post | - | 50,000 |
Preliminary Expenses | 12,000 | Post | - | 12,000 |
Office expenses | 78,000 | Time | 26,000 | 52,000 |
Selling Expenses | 72,000 | Sales | 16,000 | 56,000 |
Interest to vendors | 5,000 | Actual | 4,000 | 1,000 |
TOTAL EXPENSES | 3,40,000 |
| 87,000 | 2,53,000 |
NET PROFIT/ (LOSS) | 2,00,000 |
| 33,000 | 1,67,000 |