FA Project - BR Furniture

Bhakta Ranjan Deka EPGP-12B-038
COMPREHENSIVE PROJECT
Financial Accounting Course / EPGP 2019-20 (Batch 12) / IIM Kozhikode
Company Name: BR Furnitures
Submitted By:
Bhakta Ranjan Deka
Roll No: EPGP-12B-0038
PAGE 1
Contents
1. The Problem:...........................................................................................................................................................3
About the Business and background:.........................................................................................................................3
2. Processes:................................................................................................................................................................3
Raw Materials.............................................................................................................................................................3
Equipment and Machineries......................................................................................................................................4
Finish Goods................................................................................................................................................................5
Purchase and Sells- Cash and credit rules..................................................................................................................5
Other Assumptions:....................................................................................................................................................5
Some distinct figures for the project:.........................................................................................................................6
3. Transactions:...........................................................................................................................................................7
4. Financial Statements:............................................................................................................................................13
Balance Sheet Preparation for FY 2016-17...............................................................................................................13
Consolidated Balance Sheet for all three years.......................................................................................................21
Consolidated Profit and Loss Statement:.................................................................................................................22
Consolidated Cash Flow Statement (Direct Method)..............................................................................................22
Cash Flow Statement for Period III:..........................................................................................................................22
Cash Flow Statement for Period II:...........................................................................................................................23
Cash Flow Statement for Period I:............................................................................................................................24
Financial Notes (against P&L Statement).................................................................................................................25
Bank Loan EMI calculation and Repayment Schedule.............................................................................................26
5. Analysis of Financial Statements...........................................................................................................................27
Common Ratio Analysis............................................................................................................................................27
Cash Flow Statement Analysis and costing aspect...................................................................................................29
6. The Summery: BR Furniture..................................................................................................................................30
PAGE 2
1. The Problem:
You are launching into a business in the name and style of your choice. It has to be a manufacturing
business. It means that your business would involve, buying materials, transforming it using plant and
machinery, and selling it. Keep in mind the conditions given in this project. Strictly adhere to the
conditions.
Answer:
About the Business and background:
In my 12+ years of IT experience, hoping various cities within India and aboard for my marketing
work, I realized that I am losing my precious family time and independence. So, I wanted to do
something for myself, where I can balance my work life and social and personal life. After pondering
on various options like what business to take up, what will be the capital investment, raw materials
availability and supply, market to sell etc. I have zeroed my decision to start a furniture manufacturing
company at Assam. As I born and bought up in Assam, I very aware about the availability of high-
quality woods in Assam’s Forest and demands for wooden furniture as well.
On last week of April 2016, I have quit my corporate job to start my own business. On 25 th Jun, I have
formally started “BR Furniture” to manufacture various wooden household and office Furnitures.
Wooden furniture is used for articles of daily use in dwelling house, place of business, public buildings
and includes items such as chairs, tables, beds, safes, sofa sets, Almirahs cabinets, etc. are made of
wood. The advantages of wooden furniture are undeniable. Combine a piece of wood furniture to
furniture made from steel or glass and the natural beauty of the wood will add warmth and character
to any room. As wooden furniture is durable, easy to maintenance, I want to capture this opportunity
to capture rural and city customer base in Assam.
2. Processes:
Manufacturing wooden furniture is a very laborious activity where carpenter needs to cut, mold, bend
and laminate the woods and plywood as per furniture design. This required lots of hard work and skill
to design the furniture as per customer’s wish.
Raw Materials
Wooden Timber and plank as raw Material
PAGE 3
Equipment and Machineries
Equipments and machineries:
PAGE 4
Finish Goods
Dining Table and Chairs Household furniture
Input material: Woods timber and Plank

Output Material: Household and office furniture
Order: Order taken from whole seller and individual customer
Inventory: Plank and timber stocks
Purchasing Done from local wood swing mills and Assam forest department on auction.
Purchase and Sells- Cash and credit rules
Purchasing & sells can be done in credit & Cash credit rules
1. Credit Sales can be 8 times cash sales
2. Credit Purchase can be 8 times cash Purchase
Maximum credit period 30 days
3. Straight Line Depreciation for 10years
4. Sales Volume increased 10 % Every Year
5. Sales price increased 5 % Every Year
Other Assumptions:
1. Labors are contract in nature as when employed when not required not paid.
2. NO PF NO ESIC for employees
3.No TAX need to be paid for First 5 Years (As per Assam Govt notification for small scale industry)
PAGE 5
As per the project guidelines below are the business capital and transaction details
 Business started on 25th Jun (My date of birth)

 Capital Contributed: 38*620=23560 or 235600/-
 Workshop was setup at my own property. This premise was earlier used as care sheds and
storeroom.
 Long term loan of Rs 400000/- from SBI at ROI 10% for five years on 01 Oct 2016.
Some distinct figures for the project:
1> Fixed Asset year wise (without depreciation value)
Financial year 2016-17 2017-18 2018-19
Amount 90000/- 13100/- 612700/-
2> Salary Paid to employees

FY Year 2016-17 2017-18 2018-19
Workers
Carpenter 7000*2*9=126000 7500*2*12=180000 8500*3*12=306000
Helper 6000*4*9=216000 6500*4*12=312000 7000*6*12=504000
Total =342000 =492000 =810000
Note: 1st Year, 2 Carpenter with 7000/-PM wage, 4 Helper with 6000/- PM
2nd Year, salary increased by 500/-PM for both carpenter and Helper
3rd Year, 3 carpenters with salary 85000/-PM and 6 helpers with salary 7000/- PM
3> Electricity Bill paid:
Financial year 2016-17 2017-18 2018-19
Amount 25000 35000 40000
PAGE 6
3. Transactions:
Transaction details from 25th Jan 2016 to 31st Mar 2017 i.e. 1st financial year of my business
Sl.
N Date Transaction Details Amount Remarks
o
1 25-Jun-16 Owner contribution to capital 235600
2 26-Jun-16 Legal and Admin charges 20000
3 27-Jun-16 Workshop equipment purchased on cash 90000
4 28-Jun-16 Purchased woods from local sawmill in cash 100000
5 29-Jun-16 Electricity installation and other admin expense 15000
Hired 2 carpenter @7000/-PM and 4 helpers
6 01-Jul-16 38000
@6000/-PM. Advance paid to each for 1 month
First furniture order to setup an office furniture
7 05-Jul-16 from InfoSoft Ltd. 100000 Advance paid and 300000
200000 once products delivered
Purchased Assam Plywood’s sheets @1000
each, 100 pieces of size 12*4 feet with a cash of 2% interest
8 27-Jul-16 200000
20000/- and remaining on credit period 45 days monthly if paid late
from Local wholesale vendor
Sold 1 dining table and 6 chairs in cash @50000,
9 01-Aug-16 50000
raw material consumed 30000
10 01-Aug-16 Salary paid to workers in cash 38000
1 Bedroom Set sold @150000, 100000 on cash
11 14-Aug-16 150000
and 50000 on credit to Dinesh
Purchased Saal wood, Litchi Wood and teak
12 16-Aug-16 wood from local sawmill, 50000 on cash and 400000
350000 on credit
Sold 1 Living room set with installation
13 20-Aug-16 @150000 in cash, raw material consumed 150000
75000
14 01-Sep-16 Salary paid to workers in cash 38000
Received remaining 200000 from InfoSoft Ltd in
15 10-Sep-16 200000
cash
16 11-Sep-16 Paid to local wholesale vendor 100000/- in cash 100000
Received order for entire home furniture from
Local Builder for 550000/-, 100000/- in cash
17 27-Sep-16 550000
and 450000/- in installment till work is
complete
18 01-Oct-16 Salary paid to workers in cash 38000
Sanctioned a loan of 350000.00 from SBI bank Monthly EMI
19 05-Oct-16 Raha branch, interest @ 10% per annum 400000 11293/- for 60
reducing; Repayable in 5 years months
20 15-Oct-16 Paid 200000 on cash to local Sawmill 200000
21 01-Nov-16 Salary paid to workers in cash 38000
22 05-Nov-16 Bank EMI Paid in cash 8499
23 25-Nov-16 Delivered 10 Doors, 20 windows and 5 Almira to 450000
PAGE 7
local Builder and received remaining payment in
cash, raw material consumed 150000
24 16-Nov-16 Paid to local wholesale vendor 100000/- in cash 100000
25 01-Dec-16 Salary paid to workers in cash 38000
26 05-Dec-16 Bank EMI Paid in cash 8499
27 01-Jan-17 Salary paid to workers in cash 38000
28 05-Jan-17 Bank EMI Paid in cash 8499
29 10-Jan-17 Payment received from Dinesh 75000 in cash 75000
30 11-Jan-17 Paid to local wholesaler vendor 80000/- in cash 80000
31 01-Feb-17 Salary paid to workers in cash 38000
32 05-Feb-17 Bank EMI Paid in cash 8499
Sold 5 Master beds and 1 dining sets at 650000,
33 10-Feb-17 Cash 200000 and rest on credit with 25000 675000
extras to be paid in 4 installments
Purchased Assam Plywood’s sheets @1000
each, 100 pieces of size 12*4 feet with a cash of
34 22-Feb-17 100000
120000/- and remaining on credit period 45
days from Local wholesale vendor
35 01-Mar-17 Salary paid to workers in cash 38000
36 05-Mar-17 Bank EMI Paid in cash 8499
Purchased Saal wood, Litchi Wood and teak
37 15-Mar-17 wood from local sawmill, 30000 on cash and 100000
70000 on credit
Transactions for FY 2017-18, i.e. period II
Sl.
Date Transactions Amount remarks
No
Sold 70 Pair of Desk bench to Local Primary
1 2-Apr-17 School at 1500/- Per pair on cash, raw material 105000
used 50000/-
2 2-Apr-17 Salary paid to employee in cash 41000
3 5-Apr-17 EMI paid to Bank in cash 8499
25-Apr-
4 Paid to local wholesale Vendor 70000
17
5 2-May-17 Salary paid to employee in cash 41000
6 4-May-17 Paid to local whole Vendor 50000
Sold Living room and Dining table chair set to
10-May-
7 Mr. Alok @250000. Cash 100000 and credit 250000
17
150000, raw material used 125000/-
Purchased woods plank from local Sawmill
15-May-
8 50000 cash and rest 150000/- credit for 90 200000
17
days
9 15-May- EMI paid to Bank in cash 8499
PAGE 8
17
29-May- Sold Sofa Set @75000 on cash, raw material
10 75000
17 used 30000
Sold dressing Mirror and Wooden Almirah to
29-May-
11 Mr. Bhim @50000/, 20000 on cash and rest on 50000
17
credit, raw material used 20000
12 2-Jun-17 Salary paid to employee in cash 41000
Purchased Burnish, saw, Mad Putting, Blades
13 10-Jun-17 20000
for furniture @ 20000 on cash
14 15-Jun-17 EMI paid to Bank in cash 8499
Sold Door and Window frame to Mr. Amar
15 20-Jun-17 100000
@100000 cash, raw material used 40000
16 25-Jun-17 Paid 50000 to local Sawmill 50000
17 2-Jul-17 Salary paid to employee in cash 41000
18 10-Jul-17 Mr. Alok paid 150000 in cash 150000
19 15-Jul-17 EMI paid to Bank in cash 8499
20 2-Aug-17 Salary paid to employee in cash 41000
Got order to create 150 Pair of Desk Bench for
21 4-Aug-17 local High school @1800/- per pair. 75000/- 270000
advance paid in cash
15-Aug-
22 Mr. Bhim paid 30000 on cash 30000
17
16-Aug-
23 EMI paid to Bank in cash 8499
17
31-Aug- TV stand and One Queen Size bed sold at
24 150000
17 150000/- on cash, raw material used 60000
31-Aug-
25 Paid 50000 to local Sawmill 50000
17
26 2-Sep-17 Salary paid to employee in cash 41000
Purchased Plyboard 8*4 Feet, 100 piece @

2000/- per piece from Assam Plyboard
27 5-Sep-17 206000
Limited. 50000/- in cash and rest on credit for
90 days with 3 equal installment 52000/-
28 15-Sep-17 EMI paid to Bank in cash 8499
Delivered 50 pair of desk bench to Local High
29 25-Sep-17 School. received 75000/- in cash, raw material 75000
used 40000
30 27-Sep-17 Paid 50000 to local Sawmill 50000
31 2-Oct-17 Salary paid to employee in cash 41000
PAGE 9
Got order for entire home furniture from Mr.

Anil to have 2 Master Bed, 1 Queen Bad, two
32 8-Oct-17 7*7 Almirah, Dressing Table 2, 5 Door, 8 600000
Windows, One Dinning Table @600000/-,
250000 Paid in cash as advance
33 10-Oct-17 Paid 52000/- to Assam Plywood Ltd in cash 52000

34 15-Oct-17 EMI paid to Bank in cash 8499
35 2-Nov-17 Salary paid to employee in cash 41000
10-Nov- Delivered 100 pair of desk bench to Local High
36 120000
17 School. Received 120000/- in cash
11-Nov-
37 Paid 52000/- to Assam Plywood Ltd in cash 52000
17
15-Nov-
17
39 1-Dec-17 Salary paid to employee in cash 41000
10-Dec-
40 Paid 52000/- to Assam Plywood Ltd in cash 52000
17
Delivered complete Order to Mr. Anil, received
13-Dec-
41 150000 in cash and credit 150000, raw 300000
17
material used 120000
15-Dec-
17
43 1-Jan-18 Salary paid to employee in cash 41000
Purchased Saal, tweak, Jack, Litchi, Pine woods
44 4-Jan-18 from Local Sawmill @400000/-. Rs 100000 400000
Paid in cash and rest credit for 90 days
45 10-Jan-18 Bought new swing machine @30000 in cash 50000

Sold Dining Table and 6 chair, TV Stand,
46 10-Jan-18 Almirah @220000 cash, raw material used 220000
100000
47 10-Jan-18 Paid 52000/- to Assam Plywood Ltd in cash 52000
48 15-Jan-18 EMI paid to Bank in cash 8499
49 30-Jan-18 Mr. Anil paid 100000 in cash for his debt 100000
50 1-Feb-18 Salary paid to employee in cash 41000
Sold Sofa Set @95000 on cash, raw material
51 2-Feb-18 95000
used 30000
Sold wooden Almirah at 45000 on cash, raw
52 7-Feb-18 45000
material used 20000
1
PAGE
0
Sold 1 living room set @200000 to Mr. Raj,

10-Feb- cash paid 100000/- and rest on credit for 15
53 200000
18 days. Delayed Till 30 days, additional 5000 to
be paid, Raw material used 90000
15-Feb-
18
55 1-Mar-18 Salary paid to employee in cash 41000
56 3-Mar-18 Mr. Anil paid 150000 for his debt 150000
10-Mar-
57 Paid 150000 to local Sawmill 150000
18
15-Mar-
18
18-Mar-
59 Purchased Gold Bond @100000 1000000
18
19-Mar-
60 Installed Fire Safety @300000 300000
18
Received Order for entire Housing complex
20-Mar-
61 Furniture (12 2BHK Flat) at 1500000. Rs 1500000
18
500000 received as Advance
Transaction details for FY2018-19 i.e. period III
SL
Date Transactions Amount remarks
No
1 2-Apr-18 Salary paid to employee in cash 67500
Purchased Saal, tweak, Jack, Litchi, Pine
woods from Local Sawmill @500000/-. Rs
2 5-Apr-18 500000
200000 Paid in cash and rest credit with
10000/- extra in 5 installments
3 10-Apr-18 Insurance done @100000 100000
4 15-Apr-18 EMI paid to Bank in cash 8499
5 2-May-18 Salary paid to employee in cash 67500
Sold Living room and Dining table chair set
6 10-May-18 to Mr. Amar @300000. Cash 100000 and 300000
credit 200000, inventory used 140000
Purchased burnish, saw, Mad Putting,
7 15-May-18 50000
Blades for furniture @ 50000 on cash
8 15-May-18 EMI paid to Bank in cash 8499
9 16-May-18 Paid 100000- in cash to local Sawmill 100000
10 25-May-18 80000
used 35000/-
Sold dressing Mirror and Wooden Almirah
11 28-May-18 to Mr. Niraj @60000/, 40000 on cash and 60000
rest on credit, raw material used 30000/-
12 2-Jun-18 Salary paid to employee in cash 67500
1
PAGE
1
Purchased Plyboard 8*4 Feet, 200 piece @
2200/- per piece from Assam Plyboard
13 10-Jun-18 Limited. 100000/- in cash and rest on credit 460000
for 365 days with 6 equal installments, extra
60000/- to be paid
14 15-Jun-18 EMI paid to Bank in cash 8499
Sold Door and Window frame to Mr. Bala
15 20-Jun-18 100000
@110000 cash, raw material used 50000/-
16 25-Jun-17 Paid 50000 to local Sawmill 50000
17 2-Jul-17 Salary paid to employee in cash 67500
18 10-Jul-17 Mr. Alok paid 150000 in cash 150000
19 15-Jul-17 EMI paid to Bank in cash 8499
20 2-Aug-17 Salary paid to employee in cash 67500
Got order to create 150 Pair of Desk Bench
21 4-Aug-17 for local High school @1800/- per pair. 270000
75000/- advance paid in cash
22 15-Aug-17 Mr. Bhim paid 30000 on cash 30000
23 16-Aug-17 EMI paid to Bank in cash 8499
TV stand and One Queen Size bed sold at
24 31-Aug-17 150000
150000/- on cash, raw material used 70000
5000/- more for
25 31-Aug-17 Paid 55000 to local Sawmill 55000
Late payment
26 2-Sep-17 Salary paid to employee in cash 67500
27 15-Sep-17 EMI paid to Bank in cash 8499
Delivered 50 pair of desk bench to Local
28 25-Sep-17 High School. received 75000/- in cash, raw 75000
material used 25000/-
29 27-Sep-17 Paid 50000 to local Sawmill 50000
30 2-Oct-17 Salary paid to employee in cash 67500
Got order for entire home furniture from
Mr. Anil to have 2 Master Bed, 1 Queen Bad,
31 8-Oct-17 two 7*7 Almirah, Dressing Table 2, 5 Door, 8 600000
Windows, One Dinning Table @600000/-,
250000 Paid in cash as advance
32 10-Oct-17 Paid 52000/- to Assam Plywood Ltd in cash 52000
33 15-Oct-17 EMI paid to Bank in cash 8499
34 2-Nov-17 Salary paid to employee in cash 67500
Delivered 100 pair of desk bench to Local
35 10-Nov-17 High School. Received 120000/- in cash, raw 120000
36 11-Nov-17 Paid 52000/- to Assam Plywood Ltd in cash 52000
Purchased 30*40*20 Size good own to store
37 15-Nov-17 Woods, Plank and Finished Furniture at Rs 400000
400000/- Invested by Owner
38 15-Nov-17 EMI paid to Bank in cash 8499
39 1-Dec-17 Salary paid to employee in cash 67500
1
PAGE
2
40 10-Dec-17 Paid 52000/- to Assam Plywood Ltd in cash 52000
Delivered complete Order to Mr. Anil,
41 13-Dec-17 received 150000 in cash and credit 150000, 300000
raw material used 200000/-
42 1-Jan-18 Salary paid to employee in cash 67500
Bought 3 new swing machine @30000 each
43 10-Jan-18 90000
with cash
Sold Dining Table and 6 chair, TV Stand,
44 10-Jan-18 Almirah @220000 cash, raw material used 220000
150000/-
45 10-Jan-18 Paid 52000/- to Assam Plywood Ltd in cash 52000
46 15-Jan-18 EMI paid to Bank in cash 8499
47 30-Jan-18 Mr. Anil paid 100000 in cash for his debt 100000
48 1-Feb-18 Salary paid to employee in cash 67500
49 2-Feb-18 95000
used 50000/-
Sold wooden Almirah at 45000 on cash, raw
50 7-Feb-18 45000
Sold 1 living room set @200000 to Mr. Raj,
cash paid 100000/- and rest on credit for 15
51 10-Feb-18 200000
days. Delayed Till 30 days, additional 5000
to be paid, raw material used 80000/-
52 15-Feb-18 EMI paid to Bank in cash 8499
53 1-Mar-18 Salary paid to employee in cash 67500
54 3-Mar-18 Mr. Anil paid 150000 for his debt 150000
55 10-Mar-18 Paid 150000 to local Sawmill 150000
56 15-Mar-18 EMI paid to Bank in cash 8499
Received Order for entire Housing complex
57 20-Mar-18 Furniture (12 2BHK Flat) at 1500000. Rs 1500000
500000 received as Advance
58 25-Mar-19 Purchased Gold bond @100000 1500000
4. Financial Statements:
Balance Sheet Preparation for FY 2016-17
Salary
Receivabl Inventor Interes
Date Transaction/Event Cash Asset Advanc Loan Payable Revenue Expense Capital
e y t
e
Owner contribution
25-Jun 235600 235600
to capital
Legal and Admin

26-Jun -20000 20000
charges
Workshop
27-Jun equipment -90000 90000
purchased on cash
1
PAGE
3
Purchased woods
28-Jun from local sawmill in -100000 100000 100000
cash
Electricity
installation and
29-Jun -15000 15000
other admin
expense
Hired 2 carpenter
@7000/-PM and 4
1-Jul helpers @6000/-PM. -38000 38000 38000
Advance paid to
each for 1 month
First furniture order

to setup an office
furniture from
5-Jul InfoSoft Ltd. 100000 100000 200000 100000
Advance paid and
200000 once
products delivered
Purchased Assam
Plywood sheets
@1000 each, 100
pieces of size 12*4
feet with a cash of
27-Jul -20000 200000 180000 200000
20000/- and
remaining on credit
period 45 days from
Local wholesale
vendor
Sold 1 dining table

and 6 chairs in cash
1-Aug @50000, raw 50000 -30000 50000
material consumed
30000
Salary paid to
1-Aug -38000 38000 38000
workers in cash
1 Bedroom Set sold

@150000, 100000
14-Aug 100000 50000 -70000 100000
on cash and 50000
on credit to Dinesh
Purchased Saal
wood, Litchi Wood
and teak wood from
16-Aug -50000 400000 350000 50000
local sawmill, 50000
on cash and 350000
on credit
Sold 1 Living room

set with installation
20-Aug @150000 in cash, 150000 -75000 150000
raw material
consumed 75000
Salary paid to
1-Sep -38000 38000 38000
workers in cash
Received remaining
10-Sep 200000 from 200000 -200000 200000
InfoSoft Ltd in cash
1
PAGE
4
Paid to local
-
11-Sep wholesale vendor -100000 100000
100000
100000/- in cash
Received order for

entire home
furniture from Local
Builder for
27-Sep 550000/-, 100000/- 100000 450000 100000
in cash and
450000/- in
installment till work
is complete
Salary paid to
1-Oct -38000 38000 38000
workers in cash
Sanctioned a loan of
350000.00 from SBI
bank Raha branch,
5-Oct 400000 400000
interest @ 10% per
annum reducing;
Repayable in 5 years
Paid 200000 on cash -

15-Oct -200000 200000
to local Sawmill 200000
Salary paid to
1-Nov -38000 38000 38000
workers in cash
Bank EMI Paid in

5-Nov -8499 -5,209 3,290 8499
cash
Delivered 10 Doors,
20 windows and 5
Almira to local
25-Nov Builder and received 450000 -450000 -150000 3290 450000
remaining payment
in cash, raw material
consumed 150000
Paid to local
-
16-Nov wholesale vendor -100000 100000
100000
100000/- in cash
Salary paid to
1-Dec -38000 38000 38000
workers in cash
Bank EMI Paid in

5-Dec -8499 -5,252 3,247 8499
cash
Salary paid to
1-Jan -38000 38000 38000
workers in cash
Bank EMI Paid in

5-Jan -8499 -5,296 3,203 8499
cash
Payment received
10-Jan from Dinesh 75000 75000 -75000 75000
in cash
Paid to local
11-Jan wholesale vendor -80000 -80000 80000
80000/- in cash
Salary paid to
1-Feb -38000 38000 38000
workers in cash
Bank EMI Paid in

5-Feb -8499 -5,340 3,159 8499
cash
1
PAGE
5
Sold 5 Master beds
and 1 dining sets at
650000, Cash
10-Feb 200000 and rest on 200000 475000 -350000 200000
credit with 25000
extras to be paid in
4 installments
Purchased Assam
Plywood sheets
@1000 each, 100
pieces of size 12*4
feet with a cash of
22-Feb -50000 100000 50000 50000
120000/- and
remaining on credit
period 45 days from
Local wholesale
vendor
Salary paid to
1-Mar -38000 38000 38000
workers in cash
Bank EMI Paid in

5-Mar -8499 -5,384 3,114 8499
cash
Purchased Saal
wood, Litchi Wood
and teak wood from
15-Mar -30000 100000 70000 30000
local sawmill, 30000
on cash and 70000
on credit
37351 142500
Unadjusted Trial Balance 821105 90000 342000 450000 225000 19303 170000 1329495 235600
9 0
Adjustment for Period1 FY16-17
Depreciation -9000
Electricity Bill paid -25000 25000
Other Expense -50000 50000
Adjusted Trial balance 746105 81000 342000 450000 225000 373519 19303 170000 1425000 1329495 235600
Salary
Revenu
Date Transaction/Event Cash Asset Advanc Receivable Inventory Loan Interest Payable Expense Capital
e
e
Previous Year Balance 746105 81000 342000 450000 225000 373519 170000 19303 1425000 1329495 235600
Sold 70 Pair of Desk
2-Apr bench to Local Primary 105000 -50000 105000
School
Salary paid to employee
2-Apr -41000 41000 41000
in cash
EMI paid to Bank in
5-Apr -8499 5,429 3,070 8499
cash
Paid to local whole
25-Apr -70000 -70000 70000
vendor
2-May -41000 41000 41000
in cash
Paid to local whole
4-May -50000 50000
vendor
Sold Living room and
10-May Dining table chair set to 100000 150000 -125000 100000
Mr. Alok
Purchased woods plank
15-May -50000 200000 150000 50000
from local Sawmill
EMI paid to Bank in
15-May -8499 5,474 3,024 8499
cash
29-May Sold Sofa Set @75000 75000 -30000 75000
on cash, raw material
1
PAGE
6
used 30000
Sold dressing Mirror
29-May and Wooden Almirah to 20000 30000 -20000 20000
Mr. Bhim
2-Jun -41000 41000 41000
in cash
Purchased Burnish,
10-Jun saw, Mad Putting, -20000 20000 20000
Blades for furniture
EMI paid to Bank in
15-Jun -8499 5,520 2,979 8499
cash
Sold Door and Window
20-Jun 100000 -40000 100000
frame to Mr. Amar
Paid 50000 to local
25-Jun -50000 -50000 50000
Sawmill
2-Jul -41000 41000 41000
in cash
Mr. Alok paid 150000 in
10-Jul 150000 -150000 150000
cash
EMI paid to Bank in
15-Jul -8499 5,566 2,933 8499
cash
2-Aug -41000 41000 41000
in cash
Got order to create 150
4-Aug Pair of Desk Bench for 75000 195000 75000
local High school
Mr. Bhim paid 30000 on
15-Aug 30000 -30000 30000
cash
EMI paid to Bank in
16-Aug -8499 5,612 2,886 8499
cash
TV stand and One
31-Aug 150000 -60000 150000
Queen Size bed sold
Paid 50000 to local
31-Aug -50000 -50000 50000
Sawmill
2-Sep -41000 41000 41000
in cash
Purchased Plyboard
5-Sep from Assam Plyboard -50000 200000 156000 50000
Limited.
EMI paid to Bank in
15-Sep -8499 5,659 2,840 8499
cash
Delivered 50 pair of
25-Sep desk bench to Local 75000 -75000 -40000 75000
High School.
Paid 50000 to local
27-Sep -50000 -50000 50000
Sawmill
2-Oct -41000 41000 41000
in cash
Got order for entire
8-Oct home furniture from 250000 350000 250000
Mr. Anil
Paid 52000/- to Assam
10-Oct -52000 -52000 52000
Plywood Ltd in cash
EMI paid to Bank in
15-Oct -8499 5,706 2,792 8499
cash
2-Nov -41000 41000 41000
in cash
Delivered 100 pair of
10-Nov desk bench to Local 120000 -120000 120000
High School.
11-Nov -52000 -52000
Plywood Ltd in cash
EMI paid to Bank in
15-Nov -8499 -5,754 2,745 8499
cash
1-Dec -41000 41000 41000
in cash
10-Dec -52000 -52000 52000
Plywood Ltd in cash
Delivered complete
13-Dec 150000 150000 -120000 150000
Order to Mr. Anil
EMI paid to Bank in
15-Dec -8499 -5,802 2,697 8499
cash
1-Jan -41000 41000 41000
in cash
1
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7
Purchased Saal, tweak,
4-Jan Jack, Litchi, Pine woods -100000 400000 300000 100000
from Local Sawmill
Bought new swing
10-Jan -50000 50000 50000
machine
Sold Dining Table and 6
10-Jan 220000 -100000 220000
chair, TV Stand, Almirah
10-Jan -52000 -52000 52000
Plywood Ltd in cash
EMI paid to Bank in
15-Jan -8499 5,850 2,649 8499
cash
Mr. Anil paid 100000 in
30-Jan 100000 -100000 100000
cash for his debt
1-Feb -41000 41000 41000
in cash
2-Feb Sold Sofa Set 95000 -30000 95000
7-Feb Sold wooden Almirah 45000 -20000 45000
10-Feb Sold 1 living room 100000 100000 -90000 100000

EMI paid to Bank in
15-Feb -8499 5,899 2,600 8499
cash
1-Mar -41000 41000 41000
in cash
Mr. Anil paid 150000
3-Mar 150000 -150000 150000
for his debt
Paid 150000 to local -
10-Mar -150000 15000
Sawmill 150000
EMI paid to Bank in
15-Mar -8499 5,948 2,551 8499
cash
Purchases Gold Bond -
18-Mar
@100000 1000000
Installed Fire Safety
19-Mar -300000 300000
@300000
20-Mar Received Order for 500000 100000 500000
entire Housing complex
Furniture
Unadjusted Trial Balance 564117 131000 834000 900000 320000 418626 203766 149303 4035000 2832483 235600
Adjustment for the Year 2017-18
Depreciation -8300 8300
Electricity Bill Paid -35000 35000
Other Expense -50000 50000
Adjusted trial balance 479117 122700 834000 900000 320000 418626 203766 149303 4035000 2925783 235600
Salary Inventor
Date Transactions Cash Asset Receivable Loan Interest Payable Revenue Expense Capital
Advance y
Balance from Last year --> 261000 129628
1033012 41700 492000 450000 95000 45107 33766 130000 235600
0 8
Salary paid to
2-Apr -67500 67500 67500
employee
Purchased Saal,
tweak, Jack,
5-Apr -200000 500000 300000 200000
Litchi, Pine
woods
Insurance done
10-Apr -100000 100000
@100000
EMI paid to Bank
15-Apr -8499 5,998 2,501 8499
in cash
Salary paid to
2-May employee in -67500 67500 67500
cash
1
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8
Living room and
Dining table
10-May 100000 200000 -140000 100000
chair set to Mr.
Amar
Purchased
burnish, saw,
15-May Mad Putting, -50000 50000 50000
Blades for
furniture
EMI paid to Bank
15-May -8499 6,048 2,451 8499
in cash
16-May Paid 100000- in -100000 100000
-
cash to local
100000
Sawmill
Sold Sofa Set on
25-May 800000 -35000 80000
cash
Dressing Mirror
and Wooden
28-May 40000 20000 -30000 40000
Almirah to Mr.
Niraj
2-Jun Salary paid to -67500 67500 67500
employee in
cash
Purchased
Plyboard from
10-Jun -100000 440000 360000 100000
Assam Plyboard
Limited.
EMI paid to Bank
15-Jun -8499 6,098 2,401 8499
in cash
20-Jun Sold Door and 110000 -50000 110000
Window frame
to Mr. Bala
Paid 50000 to
25-Jun -50000 -50000 50000
local Sawmill
2-Jul Salary paid to -67500 67500 67500
employee in
cash
Mr. Alok paid
10-Jul 150000 -150000 150000
150000 in cash
EMI paid to Bank
15-Jul -8499 6,149 2,350 8499
in cash
2-Aug Salary paid to -67500 67500 67500
employee in
cash
4-Aug Got order to 75000 195000 75000
create 150 Pair
of Desk Bench
Mr. Bhim paid
15-Aug 30000 -30000 30000
30000 on cash
EMI paid to Bank
16-Aug -8499 6,200 2,299 8499
in cash
31-Aug TV stand and 150000 70000 150000
One Queen Size
bed
Paid 55000 to
31-Aug -55000 -50000 55000
local Sawmill
2-Sep Salary paid to -67500 67500 67500
employee in
cash
EMI paid to Bank
15-Sep -8499 6,252 2,247 8499
in cash
Delivered 50 pair
25-Sep 75000 -75000 -25000 75000
of desk bench
Paid 50000 to
27-Sep -50000
local Sawmill
2-Oct Salary paid to -67500 67500 67500
employee in
cash
8-Oct Entire home 250000 350000 250000
furniture from
1
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9
Mr. Anil
Paid 52000/- to
10-Oct Assam Plywood -520000 -52000 52000
Ltd. in cash
EMI paid to Bank
15-Oct -8499 6,304 2,195 8499
in cash
Salary paid to
2-Nov employee in -67500 67500 67500
cash
Delivered 100
pair of desk
10-Nov 120000 -120000 -70000 120000
bench to Local
School.
Paid 52000/- to
11-Nov Assam Plywood -52000 -52000 52000
Ltd. in cash
Purchased
goodown,
15-Nov 400000 400000 400000
Invested by
Owner
EMI paid to Bank
15-Nov -8499 6,356 2,142 8499
in cash
Salary paid to
1-Dec employee in -67500 67500 67500
cash
Paid 52000/- to
10-Dec Assam Plywood -52000 -52000 52000
Ltd. in cash
Delivered
13-Dec complete Order 150000 150000 -200000 150000
to Mr. Anil
Salary paid to
1-Jan employee in -67500 67500 67500
cash
Bought 3 new
10-Jan -90000 90000 90000
swing machine
Dining Table and
10-Jan 6 chair, TV 220000 -150000 220000
Stand, Almirah
Paid 52000/- to
10-Jan Assam Plywood -52000 -52000 52000
Ltd in cash
EMI paid to Bank
15-Jan -8499 6,409 2,089 8499
in cash
Mr. Anil paid
30-Jan 100000 in cash 100000 -100000 100000
for his debt
Salary paid to
1-Feb employee in -67500 67500 67500
cash
Sold Sofa Set
2-Feb 95000 -50000 95000
@95000 on cash
Sold wooden
7-Feb 45000 -20000 45000
Almirah
Sold 1 living
10-Feb 100000 100000 -80000 100000
room set
EMI paid to Bank
15-Feb -8499 6,463 2,036 8499
in cash
Salary paid to
1-Mar employee in -67500 67500 67500
cash
Mr. Anil paid
3-Mar 150000 for his 150000 -150000 150000
debt
Paid 150000 to -
10-Mar 150000 150000
local Sawmill 150000
EMI paid to Bank
15-Mar -8499 6,517 1,982 8499
in cash
20-Mar Entire Housing 500000 1000000 500000
complex
2
PAGE
0
Furniture Order
-
Purchased Gold -
25-Mar 150000
bond @100000 1500000
0
Unadjusted Trial Balance 130200 515000 180277
968523 531700 1840000 305000 113901 58459 232000 635600
0 0 7
Adjustment for Period1 FY18-19

Depreciation -50000
Electricity Bill
-40000 -40000
paid
Other Expense -50000 -50000
130200 515000 171277
Adjusted Trial Balance 878523 481700 1840000 305000 113901 58459 232000 635600
0 0 7
Consolidated Balance Sheet for all three years
2
PAGE
1
Consolidated Profit and Loss Statement:
Consolidated Cash Flow Statement (Direct Method)
Cash Flow Statement for Period III:
Cash Flow statement for FY 2018-19
Direct Method for FY 2018-19

Cash flow from operating activities
Cash from Operation 2540000
2
PAGE
2
Cash paid to vendors -1431000
Wages Paid -810000
Indirect Expenses (Electricity Bill) -40000
Cash generated from Operation 0
Other operating Expenses -55000
Net Cash provided by operating activities (A) 204000

Cash flow from investing Activities
Purchase of Equipment -90000
Purchase of Gold Bond -150000
Net Cash provided by Investing activities (B) -240000

Cash flow from Financing Activity
Loan
Capital invested by Owner
(Goodown) 400000
Loan Repayment -68794
Interest Paid -34693
Net Cash provided by Investing activities (C) 296513

Net increase( decrease) in cash position (A+B+C) 260513

Beginning Cash Balance 479117
Cash balance at the end 739630
Cash Flow Statement for Period II:

Cash Flow Statement for FY 2017-18

Wages Paid -49200
Indirect Expenses (Electricity
Bill) -35000
Cash generated from
Operation 5000

Fire Safety installation -300000
Insurance -100000
Purchase of Gold Bond -100000
2
PAGE
3

Loan 0
Net Cash provided by Investing activities (C) -78873


Cash Flow Statement for Period I:
Cash Flow Statement for FY 2016-17

Wages Paid -34200
Indirect Expenses (Electricity Bill) -25000
Cash generated from Operation 0


Loan 400000
Net Cash provided by Investing activities (C) 354216


2
PAGE
4
Financial Notes (against P&L Statement)

1. Cost of Goods Sold
2018-19 2017-18 2016-18

Woods, Plywood and other material like Burnish, color etc. 850000 725000 505000
2. Selling, General and Administrative (SG&A) Expense

2018-19 2017-18 2016-18
Salary to 2 Carpenter (+1 in 2018-19) 306000 180000 126000
Salary to 4 helpers (+2 in 2018-19) 504000 312000 216000
Electricity charged 40000 35000 25000
3. Depreciation and Amortization Expense
2018-19 2017-18 2016-18

Depreciation and Amortization Expense 50000 13100 9000
4. Other Income
2018-19 2017-18 2016-18
Received 5000/ for late repayment from customer - 5000 -
5. Other Expenses
2018-19 2017-18 2016-18
Late payment fee to local Sawmill on 31st Aug 5000 0 0
Various Donation towards local Festivals 30000 35000 25000
Miscellaneous office Expense 20000 25000 25000
Insurance 100000 100000 -
Legal charges - - 20000
6. Interest Paid
2018-19 2017-18 2016-18
Interest Paid to Bank against Loan 24693 33766 19303
Interest paid to Assam Plywood Ltd 10000 10000 -
7. Tax
No tax payable till 5 years for Small scale industries in Assam.
2
PAGE
5
Bank Loan EMI calculation and Repayment Schedule
Total Outstanding
Principal Interest
Paymen Loan
Paid(A) Paid(B)
t (A+B) Balance
2016-17
Nov 5,209 3,290 8,499 389,626
Dec 5,252 3,247 8,499 384,374
Jan 5,296 3,203 8,499 379,078
Feb 5,340 3,159 8,499 373,739
Mar 5,384 3,114 8,498 368,354
2017-18
Apr 5,429 3,070 8,499 362,925
May 5,474 3,024 8,498 357,451
Jun 5,520 2,979 8,499 351,930
Jul 5,566 2,933 8,499 346,364
Aug 5,612 2,886 8,498 340,752
Sep 5,659 2,840 8,499 335,093
Oct 5,706 2,792 8,498 329,386
Nov 5,754 2,745 8,499 323,632
Dec 5,802 2,697 8,499 317,831
Jan 5,850 2,649 8,499 311,980
Feb 5,899 2,600 8,499 306,081
Mar 5,948 2,551 8,499 300,133
2018-19
Apr 5,998 2,501 8,499 294,135
May 6,048 2,451 8,499 288,088
Jun 6,098 2,401 8,499 281,990
Jul 6,149 2,350 8,499 275,841
Aug 6,200 2,299 8,499 269,641
Sep 6,252 2,247 8,499 263,389
Oct 6,304 2,195 8,499 257,085
Nov 6,356 2,142 8,498 250,729
Dec 6,409 2,089 8,498 244,319
Jan 6,463 2,036 8,499 237,856
Feb 6,517 1,982 8,499 231,340
Mar 6,571 1,928 8,499 224,769
2019-20
Apr 6,626 1,873 8,499 218,143
2
PAGE
6
May 6,681 1,818 8,499 211,462
Jun 6,737 1,762 8,499 204,725
Jul 6,793 1,706 8,499 197,932
Aug 6,849 1,649 8,498 191,083
Sep 6,906 1,592 8,498 184,177
Oct 6,964 1,535 8,499 177,213
Nov 7,022 1,477 8,499 170,191
Dec 7,081 1,418 8,499 163,110
Jan 7,140 1,359 8,499 155,970
Feb 7,199 1,300 8,499 148,771
Mar 7,259 1,240 8,499 141,512
2020-21
Apr 7,320 1,179 8,499 134,193
May 7,381 1,118 8,499 126,812
Jun 7,442 1,057 8,499 119,370
Jul 7,504 995 8,499 111,866
Aug 7,567 932 8,499 104,300
Sep 7,630 869 8,499 96,670
Oct 7,693 806 8,499 88,977
Nov 7,757 741 8,498 81,219
Dec 7,822 677 8,499 73,397
Jan 7,887 612 8,499 65,510
Feb 7,953 546 8,499 57,557
2021-22
Mar 8,019 480 8,499 49,538
Apr 8,086 413 8,499 41,452
May 8,153 345 8,498 33,299
Jun 8,221 277 8,498 25,077
Jul 8,290 209 8,499 16,787
Aug 8,359 140 8,499 8,429
Sep 8,429 70 8,499 0
5. Analysis of Financial Statements
Common Ratio Analysis

Ratio analysis helps to gain a deeper insight into the financial health and the current and probable performance of
the company. Let us discuss BR Furniture’s ratio analysis below into following category- short-term solvency; long-
term solvency; margin on sales; return on investment; and efficiency.
Short-term solvency:
Short-Term Solvency indicates the company’s ability to meeting all its liability by its existing assets.
FY2018- FY2017- FY2016-
Formula
19 18 17
2
PAGE
7
Current Ratio Current Assets/Current Liability 0.87 0.73 1.22
Quick Ratio Quick Asset/Current Liability 0.73 0.60 1.02
Accounts Receivable
Sales/Avg. Account Receivable 3.52 3.87 3.17
Turnover(ART)
Average daily expenses (COGS+OE+TAX-Depreciation)/365 4.50 3.39 2.36
Average collection period
Short- No. of days in accounting Yr./ ART 103.69 94.40 115.26
(days)(ACP)
term
Inventory Turnover (ITO) COGS/Avg. Inventory 2.00 2.66 2.24
Accounts Payable Turnover COGS/Avg. Account Payable 4.24 4.54 2.97
Inventory Conversion Period
No. of days in accounting Yr./ ITO 182.50 137.19 162.62
(ICP)
No. of days in accounting Yr./ Acc.
Average payable period (APP) 86.01 80.38 122.87
payable Turn over
Comments:
 Both current Ratio and Quick ratio increased by 0.14 and 0.13 respectively. This is a good sign as company is
improving its financial health to meet its short term liability without disturbing its Capital.
 Account receivable Turnover is around 3.5 days where as Account Payable Turnover is around 4.3 days. This
means company is more aggressive in collecting receivables than paying to its suppliers.
Long term Solvency:

Long Term solvency allowed us to have a more detail oriented looks at company’s ability to meets its long
term Liabilities.
Formula FY2018-19 FY2017-18 FY2016-17
Current Liability +long term
Total Debt to Equity 7.82 12.67 6.65
Liability/ Net worth
Long Term Debt to Equity Long term Liability/ net worth 2.17 2.84 1.69
Long-Term
Earnings before interest and
Times interest earned 18.30 27.19 24.56
tax/ interest expense
Equity Multiplier 1+(total debt/Net worth) 8.82 13.67 7.65
Comments:
 In terms of Total Debt to Total Capital ratio, in the year 2018-19, it is reduced to 7.82 as compared to 12.67 in
2017-18, this ratio means that there is a lesser leverage in the capital structure of the company.
 BR Furniture, times interest earned” in FY2019 are covered almost 18.3 times by its earning of the company. This
is possible due to high profit, ability to borrow at low interest rates. This would be a good signal for investors as
well as to lenders regarding the safety of their money. However, company’s Times interest earned and Equity
Multipliers are reduces as compared to las year.
Margin On Sales:
Formula FY2018-19 FY2017-18 FY2016-17
Gross profit Margin (GPM) (Gross Profit*100)/Sales 66.54 72.22 64.56%
Margin on
Operating Profit Margin
(Operating profit*100)/Sales 31.10% 51.53% 38.18%
(OPM)
Sales
Net Profit Margin (NPM) (Net profit*100)/Sales 23.63% 43.91% 31.91%
Comments:
2
PAGE
8
 BR Furniture is doing constantly well had done well in terms of GPM as it is always clock around 65%.
 Operating profit margin is almost 20% less from the previous year due to increase in SG & A expense however,
company able to maintain above 31% OPM.
Return On Investment (ROI):

FY2018- FY2017- FY2016-
Formula
19 18 17
Operating Profit to Operating Operating Profit*100/Avg. Operating
23.52 25.77% 18.09%
Assets (ROA) Asset
ROI Net Income to Total
Net Profit*100/Avg. Total Asset 15.60% 25.63% 20.23%
Assets(ROTA)
Return on Equity (ROE) Net income*100/Avg. Net Worth 17.81% 21.54% 19.00%
Comments:
 ROA in FY2018-19 is 23.52%, which is a very healthy returns for any investors though it is dipped by almost 1%.
 Similarly, ROTA and ROE got down from previous year may be due to Company’s’ long term investment policy.
Efficiency:
Formula FY2018-19 FY2017-18 FY2016-17
Total Asset Turnover sales/Avg. Total Assets 0.58 1.04 0.79
Efficiency Working Capital Turnover Sales/Avg. Working Capital 4.75 5.99 5.63
Operating Asset Turnover sales/Avg. Operating Assets 0.63 1.37 1.35
Comments:
 Company’s efficiency got reduced may be due to increase in Fixed asset, Inventory etc. as company is expanding
its footprint across the state.
Cash Flow Statement Analysis and costing aspect

Cash flow statement is one of the most useful financial statements to analyzed company’s growth
agenda, receiving revenue from debtors, paying its vendors, and otherwise managing flow of cash in a
rational and logical manner. Let us discuss BR Furniture for last two financial years based on
consolidated Cash Flow statement.
FY 2018-19 FY-2017-18 FY2016-17

Major Source of Operation 204 Operation 1292.8 Operation 660.8
Cash Loan 400

Plant and Plant and Plant and
Equipment 490 Equipment 350 Equipment 90
Loan
Major uses of cash Investment 150 Investment 200 repayment 26.48
Loan Loan
repayment 68.79 repayment 45 Interest Paid 19.3
Interest Paid 34.69 Interest Paid 33.77

Is Yes 350>50 Yes 350>13 Yes 90>9
CAPEX>Depreciation
2
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9
?
Is cash from
1292.8>383.7 660.8>109.
Operation> [CAPEX+ No 204<524.69 Yes Yes
7 3
Interest +Dividend]
If Yes, where was In fixed asset creation and In fixed asset creation and
excess cash Used? long term investments long term investments
If No, what is the
additional source of Owner pump cash to the
cash? business (owners’ equity)
6. The Summery: BR Furniture
BR Furniture is a three years old company, dealing with wooden furniture manufacturing and
selling. Over the last three years this company not only able to generate profits but also providing
employment to 9 workers. Company’s PAT is above 6Lacs as on 31 st Mar 2019 and its fixed asset is
6.12 Lacs. BR furniture wants to further increase its operation and footprint across Assam and will
open its own showroom in multiple cities across the state.
Thank You
3
PAGE
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FA Project - BR Furniture

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Bhakta Ranjan Deka EPGP-12B-038

Company Name: BR Furnitures

Wooden Timber and plank as raw Material

Equipment and Machineries

Equipments and machineries:

Dining Table and Chairs Household furniture

Input material: Woods timber and Plank

Purchase and Sells- Cash and credit rules

 Business started on 25th Jun (My date of birth)

Some distinct figures for the project:

1> Fixed Asset year wise (without depreciation value)

Financial year 2016-17 2017-18 2018-19

Amount 90000/- 13100/- 612700/-

2> Salary Paid to employees

Carpenter 7000*2*9=126000 7500*2*12=180000 8500*3*12=306000

Helper 6000*4*9=216000 6500*4*12=312000 7000*6*12=504000

Total =342000 =492000 =810000

3> Electricity Bill paid:

Financial year 2016-17 2017-18 2018-19

Amount 25000 35000 40000

Transactions for FY 2017-18, i.e. period II

Purchased Plyboard 8*4 Feet, 100 piece @

Got order for entire home furniture from Mr.

33 10-Oct-17 Paid 52000/- to Assam Plywood Ltd in cash 52000

45 10-Jan-18 Bought new swing machine @30000 in cash 50000

Sold 1 living room set @200000 to Mr. Raj,

Transaction details for FY2018-19 i.e. period III

Balance Sheet Preparation for FY 2016-17

Legal and Admin

First furniture order

Sold 1 dining table

1 Bedroom Set sold

Sold 1 Living room

Received order for

Paid 200000 on cash -

Bank EMI Paid in

Bank EMI Paid in

Bank EMI Paid in

Bank EMI Paid in

Bank EMI Paid in

Balance Sheet Preparation for FY 2017-18

7-Feb Sold wooden Almirah 45000 -20000 45000

10-Feb Sold 1 living room 100000 100000 -90000 100000

Adjustment for the Year 2017-18

Depreciation -8300 8300

Electricity Bill Paid -35000 35000

Other Expense -50000 50000

Balance Sheet Preparation for FY 2018-19

Consolidated Balance Sheet for all three years

Consolidated Profit and Loss Statement:

Consolidated Cash Flow Statement (Direct Method)

Cash Flow Statement for Period III:

Cash Flow statement for FY 2018-19

Direct Method for FY 2018-19

Cash Flow Statement for Period II:

Direct Method for FY 2017-18

Cash Flow Statement for Period I:

Cash Flow Statement for FY 2016-17

Direct Method for FY 2017-18

Financial Notes (against P&L Statement)

2018-19 2017-18 2016-18

2. Selling, General and Administrative (SG&A) Expense

3. Depreciation and Amortization Expense

Carpenter 700029=126000 7500212=180000 8500312=306000

Helper 600049=216000 6500412=312000 7000612=504000