ACKNOWLEDGEMENT

I owe a special depth of gratitude to learned

guide Mr. CHANDRESH VARSHNEY ,
P.G.T Commerce B.V.M. Sr. Sec. School
SBL, Distt. Sambhal who very kindly
guided me at every stage, made every
comments and offered suggestion for
improvement. It was entirely guidance and
encouragements that I could accomplish the
following work.
I am also grateful to Roy Mon George
honorable principle B.V.M.Sr.Sec. School
SBL,Distt. Sambhal who very kindly
extended all the facilities available in the
school.
Last but not least I owe a deep sense of
profound gratitude to my respected father
and my mother whose blessings support,
loving
inspirations
being
constant
encouragement made this an accomplished
fact.

Roll No.

CERTIFICATE
This is to certify that of class XIIC3 of
BAL VIDYA MANDIR SR.SEC.
SCHOOL
SAMBHAL,
DISTT.
SAMBHAL has completed her practical
file under my supervision.

He has taken proper care and showed

utmost sincerity in completion of this
project.

I certify that this project is up to my

expectation and per the guidelines the
guidelines issued by central Board of
Secondary Education.
Mr. Chandresh Varshney
P.G.T. Commerce

INDEX
S.No
1.

(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
(viii)
2.
(i)
3.
(i)

Particulars
Comprehen Hensive Project
Journal Entry.
Consolidation Journal
Entry.
Ledger Accounts...
Grial Balauce..
Adiusuing Journal
Grading & Profit &
Loss Acounts
Balance Sheet..
Rtaio Analysis
Specifie Project. 1
Cash Flow Statements
Specifie Project 2.
Ratio Analysis &
Comments.

Page No.
1-28
7
8-10
12-19
20-21
11
23
24-27
28-33
31-33
34-43

Remarks

Comprehensive
Project
Of
Accountancy

(Based on real life)

Amir Electricals
M/S Falak is a business woman running a shop
Havels Application in Modi Nagar, New Delhi. As
she is continuing his business for last 10 years due to
which there is continuous increase in no. of
customers because of faith on her shop and also the
range of Goods increase manifold in last few years
and it become impossible to arrange variety of goods
in a limited space. So she decided to extand her
business.
Another cause of extension of business is her only
brother who has just completed his graduation from
Commerce stream but he is not good in studies and
not so further interested in further Education He was
also taking active partition in his sisters business
since last 3years. Moreover, in old shop there were
only Havels Appliances but in new branch there will
be varity if new brands of Applications but in new
branch there will help to satisfy the needs of
costomers to whom service remain untouched till
now.

Depositing Rs. Lakhs with the name of

its anticipated firm Amir Electricals. She
gave a contract for the renovation &
interior decoration of the shop to
Shanaya singh (Architech & Designer)
on an agreed amount of Rs 2 lakhs
during the year. She spends Rs 48
thousand on electrical fitting including
Rs 8 thousand paid to power Corporation
as security deposit. She also applied for a
new telephone connection by depositing
Rs 6 thousand with BSNL as security
and deposited Rs 10000 as security with
BVVNL. She spends Rs 1,76,000 on
purchase of furniture & fixtures and
estimate scrap value is expected Rs
16,000 at the end of 10 years. The
estimated life of electrical fitting in 8
year. She also took computer of Rs
45,000 on March 20, 2010 . On March
25, 2010 she appoints two sales girls &
one sales boy & a Generator of RS 1
lakhs & inverters of Rs 5,00,000.

As the purchase of goods will be

conducted in cash as well as on the credit
of one month but the goods will send
only in cash and payment to suppliers
will be made through bank.
Money received through the sales of
goods will be deposited in the
bank.During the year all expenses was
Rs 10000 on April 1, 2010 under
Imprest system. The Petty cashier would
be reimpersed the actual expenses of the
month before depositing salr proceed of
the day. The buildings was handed over
by Architect on March 25 end of every
month for her personal expenses.

At the end of the year her books shaws

the following position.
1. Goods purchase by cheque.
Rs 4,00,000
2. Payment to creditors.
Rs 17,15,000
3. Freight on purchase paid by cheque.
Rs 24,000
4. Payment of salary.
Rs 1,20,000
5. Electricity charges.
Rs 30,000
6. Telephone expenses.
Rs 20,000
7. Rates , Tax & Insurance.
Rs 10,000
8. Advertisement expenses.
Rs 25,000
9. Sales of scrap.
Rs 10,000
10. Cash sales during the year.
Rs 25,00,000
11.Printing & Stationery.
Rs 5,000

12.Cash deposited in to bank.

Rs 18,00,000
13. Purchase of Gen.& Inv.
Rs 1,50,000
14. Debtors purchase.
Rs 18,85,000
During the year Petty cashier were reimbursed for the expenses incurred by
him Rs. 50,000. The cash with petty
cashier on 31March, 2011 was Rs.5,000.
Discount allowed by supplier
Rs.15,000.
Depriciation on building @ 5%.
Creditors at the end are Rs.
1,70,000.
Closing stocks as 31st March was
Rs. 2,00,000.
Paid insurance Rs.1,200.
O/S charged Rs. 12,000.

Dep. Charged on Computer @2.5% &

furniture & fixtures @10% &
electricity fittings @ 5% Inv.5%
You are required to Open Journal Entry as on April
1,2010.
Consolidation Journal Entry as on
March 31,2011.
Ledger Account on March
31,2011.
Trial balance on March 31,2011.
Adjusting Journal Entry on march
31,2011.
Final account on march 31,2011.
Ratio analysis based on above Final
account.

Date

Particulars
Building A/c
Furniture A/c
Computer A/c
Generator A/c
Invertor A/c
Electric Fitting A/c
Stock A/c

Amount Amount
Dr.
Dr.
Dr.
Dr
Dr.
Dr.
Dr.

10,00,000
1,76,000
45,000
1,00,000
50,000
40,000

Specific Project- 1
Ratio Analysis
Based on Annual Report
Of
Vardhaman Ltd

Particulars

Notes
No

Equity & liabilities

1 shareholders fund
Share capital
Reserve & surplus
2 Non- current liabilities
Long turn borrowing

3 Current liabilities
Trade payables

As at 31st march,2011

As at 31st march,2012

1,00,000
48,000

1,00,000
49,000

30,000

45,000

36,000

41,000

2,14,000

2,35,000

Total
Assets
4 Non-Current Assets
Fixed Assets (Tangible)
2
5 Current Assets
Inventories
Trade receivables
Cash & cash equivalents
Total

1,50,000

1,71,000

35,000
25,000
4,000

38,400
22,000
3,600

2,14,000

2,35,000