ACCOUNT ANCY PROJECT NAME OF THE SCHOOL: SHARJAH INDIAN SCHODL NAME OF THE STUDENT: DANK. JOHN class NIE CBSE ROLL NO. ACADEMIC YEAR + 2012-2018 TEACHER IN CHARGE: MRS.ASHAR. NAIRShayjah incl P.O. Box: 2324, Tel. 5671866, Fas, 5675166 e-mail : [email protected] AISSC (Class XID) Practical Examination in ACCOUNTANCY 2012-2013, CERTIFICATE Certified that the entries in this project file is the bona fide work of Master: Dan KARIWANAMPoiKAYEL JOHN Grade: XILb Roll No: Completed during the Academic Year 2012-2013 Teacher in Charge | This project file was submitted for the AISSC (Class XII) Practical Examination in Accountancy conducted on 1s a. (anit Bkgaabreof ie’ tinenal ei (nears Hof hernia Baarninar ShagjahACKNOWLEDGEMENT D haue taken efforts: in this: project. Moweuer, it would not have been passiile without the hind support and help of manty individuals: and organizations: D would like ta extend muy sincere thanks: ta all af them: D thank my Gad fov praviding: me with: everything thar 9 required: in completing: this: praject: D am highly indelted ta the Teacher in Charge Mes: Asha R. Nav fou hev guidance and, constant supewision as well as fov providing necessary information regarding the project & alsa fav her support in completing the project: 2 w the to exynoss: my gratitude towmnde my parents for théiv kind co-operation and encouragement which: helped: me in the completion of this: project: D would like ta express. my special gratitude and thanks to industuy persons: fox giving me: sucly time: and. attention: ise Wy t and appreciatians: alsa ga ta my classmates in ing the project and te the peaple wha have willingly helped me aut with theiv abilities:Contents PROJECT - 1 ¥ Comprehensive Project « Journal Entries Ledger Accounts Trial Balance Trading and Profit & Loss Account Balance Sheet> Ratios oa Z a PROJECT - 2 > Specific Project > RATIO ANALYSIS © Ratio Analysis of Tarmac Limited * Ratio Analysis of Joerex Limited = > CASH FLOW STATEMENTS ¢ Cash Flow Statement of Infosys Limited © Cash Flow Statement of Wipro Limited’S CYBER CAFE Mr. Rama decided to commence a computer business ina building which was constructed at a cost of ¢ 1,00,000 and contributed a further sum of & 2,50,000, He wanted to start with 10 computers. He went on to HDFC bank and put up his proposal and managed to geta loan to the extend of his 75 percent of the cost of the computers <4, 00,000 with printers. It was agreed that the loan will be repaid in three annual instalments as follows: = Atthe end offirst year =Rs. 1,00,000 + 30,000 interest = Atthe end of the 2“ year =Rs. 1,00,000 + 20,000 interest = Atthe end of the3rd year =Rs. 1,10,000 (Rs. 1,00,000 + 10,000 interest) He started business on 1* April 1999. On the same date he deposited 2, 40,000 in the bank, He gave ¢1, 00,000 to computer company as 25% of the value of computers purchased and ¢3,00,000 out of bank loan availed. He deposited ¢1,000 for the electrical connection with the Electricity Board and also deposited of | ¢ 1, 00,000 with VSNt Tor the telephone Internet connection. He got the computer cafeTurnished by paying ¢25,000 and also spent ¢4520 in getting pamphlets printed and distributed _Aitfayments were to be'made by cheques and all the receipts were in cash to be deposited in the bank on the sameday. At the end of the year, their results showed the following: Revenue from fees received from students of computer class 2,80,000 Revenue on account of internet facility 1,20,000 Revenue from sale of computer stationery 98,000 Purchases of computer stationery like floppy discs, CDs etc, 55,000 Telephone charges 24,000 Petty experises 12,000 Ainment expenses 10,000 fscellaneous expenses 10,000 Wages paid to servant 6,000 He withdrew 6,000 by cheque each month for their personal expenses, He paid the bank loan regularly.ma decided to commence a computer business in a building ‘h was constructed at a cost of + 1.00.000 and contributed a further sum of 2,50,000. He wanted to start with 10 computers. He went on to HDFC bank and put up his proposal and managed to get a loan to the extend of his 75 pereent of the cost of the computers 4, 00.000 with printers. It was agreed that the loan will be repaid in three annual instalments as follows: At the end of first year = Rs. 1,00,000 + 30,000 interest At the end of the year =Rs. 1.00,000 + 20.000 interest At the end of the3rd year =Rs. 1,10,000 (Rs, 1,00,000 + 10,000 interest) He started business on 1“ April 1999. On the same date he deposited ¢ 0.000 in the bank He gave ¢1, 00.000 to computer company as 25% of the value of computers purchased and +3.00.000 out of bank loan availed. He deposited ¢1,000 for the electrical connection with the Electricity Board and also deposited of — <1, 00,000 with VSNL for the telephone Internet connection. He got the computer cafe furnished by paying +25.000 and also spent 4.520 in getting pamphlets printed and distributed. All payments were to be made by cheques and all the receipts were in cash to be deposited in the bank on the same day. At the end of the year. their results showed the following. * Revenue from fees received from students of computer class 2.80.000 Revenue on account of internet facility 120,000 Revenue from sale of computer stationery 98.000 Purchases of computer stationery like floppy 35.000 Telephone charges 34.000 Petty expenses 12,000Entertainment expenses 10,000 Miscellaneous expenses 10,000 Wages paid to servant 6,000 He withdrew 6,000 by cheque each month for their personal expenses. He paid the bank loan regularly Required Journalise the above transactions. Post them into the ledger and prepare trial balance. Prepare Profit & Loss A/e and Balance Sheet after taking into account that electricity charges of ¢1, 24.000 is yet to be paid. Charge depreciation at the rate of 25% on computers. 10% on furniture and 3% on buildings. Calculate profitability ratios and comment on the efficiency of the business if the net profit retio and gross profit in sir of business conce: a wi 50% respectively, Xpand his business. He approached the bank © Compare the ratios that the banker will require ting the loan.(current ratio, quick ratio and debtat ~ Touran 6 Kawa Do ba J Ten 44 eri» Cote Ne | Bit He 1 Capiat Nc MF! awe | wees dn 150, 000 Dy \oo.non | Con capitol ivevasted ‘vr He beds) Peni 1 | Bawk Ne Sian = Dn To Cosh Ai (Fon cas, chepoided tir Bowne) Bomk Mt TD Bawic baowe hi (fon Logit bake HDFC bowie) Gp SSS | To Bonk Ak |i emputer pururowing Posy 2 100.000 fw cot siounces awd te balance oub of voan taken) Elatoiuily Boord ni Gn Alc TW Bovk At CFon ceeust Booid aud VSNL)Riswitune ind Fitturus Nc Th Bak Ak Cox coke omin hed) | Advertinnaat Nt Da} | uso Th Pov At (fos Clear nud oq aduentionnerty | Bamk Ak Bn +t Rgiss| W Revenue ryan fees amd Sates (fom total wom weieutd 1% 2 220,004 ¥o,c00 + 4g000) | Hethoi eae Shall ater vies Tape Choy Nt Eye i | | 12,080 | Eutentauanaeab ib Enpenes ic | |10,000 Mi elton F longed Al Hoo00 | | | bovo WD Bamk (fon Naniou enpeme poud)} j Mosca Drawings Nk To Baik Ne (fn Guat withdrawn hn pemoval use) | | | Marit 31 tvist om Bove laawa Nic | ‘Te Bam trnona Ak | [for wntowt 04 barat loot due) q SS < =< Movela 31) bows oom Ale mh TW Bomk Ak (fm Fist instaument of bomk Leow pad) ‘gO To Cou Patan Ale To Fumnduun Alc Th Buindiy Alc | (fon depreciation changed) ie al =Jrt-1994 To Capital Nic ia fF fama, _ Cash Alc jee fs. | pa | Posduéastorn |25q009 ry: By Bawak Ak (By Batowne cid 290,000 10,900 i (ty200 By Balawue Wd | “asco ——— Ae Rs Dale so peun 3+ sam By Depreciagion 4 By Batarace cld _ Roatan 31-3200 To Balam cid 35000 " By 8 By Cosy Aik Vu 300 By Balancees a Rovner zi _ Pontinnsars fF] Rs To Couy’ Ak |uo.ooo) M4199) By Compton A htt 000 W Bonk saws Ne 3.00060 33:20) By Cuctsuédy Brod Me | 1 b60 To Revesue fain Feer ‘aiseze00) By SMR Ak | [1000 loud Sots Alc vasoun 229 By Fuswitune Knteuty 25,000 BS By Adventsnnenat Mk 3t+3. Bend. } | 4500 GeatecoBy huthase = | | 85,000 31 3-aeneBy Teeplawne Eup NC | 3h,0b0 a srouby. Enpowa M (2,000 tivo By Euttatolmrentiy he | 10000] 3 S2meihy Mibeulameous Bp | NON z B3: Le By KIC 6000 4 rwtelby Detanoliags. Alc 42,000 | saa by Bowk maa Alt | #30, 000] BS Joos by Balance Cid Bank boa Alc pate Poowicnten —~ ine] Rs | pate 313.200) TO ae | [180,08 HHt99 t- 3-toh To ce cfd | [tevong3h 3 Wows AY 3,30 ,000 sy 200 By Balance hidEf eint I ir) Re 400,000) 38-3-200 By Depreciation NC | |) o9,p00 {4.00708 (HOS000 | 2.00,t09 Fitctnitiy Boond A Ou fonzunn | Re 332000} Bolamce Cl |3-00,000) | bow Poouieunaon, ge) R@ | Doe | faxtindan lar! ke Jui To Bonk Ak 100 [343404 By Bam bid | | 1000 W Balance bid tooo AYSHL ANC ae] fe 1,00, [wu | fasion 31-3 2008 By Batowe cid 100,000) a a awd Fiwtvows Ak Ponticusarx Th Bank NO n] 8 [hoe [futon ar] fs | 35,000 313-200) By Depreciation Nc} | 2500 [31-3-204 By Balawwe cid 24500 ty | To bank Ak } ji [26.000 ‘25000 _| i 3-200 1D Rolawce bid | [a2so0 | fe tee Th Adventisenveant Ni - Porta ont Rs [Doe | Portiatont fir] fs = 100 [3-320 By Profit F.losN | | ys00Revenue from Fee awd Sous Ak Te Rs [Dott fbatculoyn spo 3-34 By Barak Ak Tune At If fh ‘dau | Paxtiowans ie fe = [55,000 im 7 By Tnadings Ne ty okt sae | Ne : Poavbiewdarns 1200 3-20 By Profit Clans bt [ Crtonainment Exped ME | Petia iF | Re Date | Postion Te Come Nt | frown |313:400) By Frit (tease nit Miscebaegus Expantih A Poatic tary JE] Rs ke | Ponchicudanns wlok NM | _eoon R90 By Prof bok Ne | wloges NC Ft [Pow | teins [go00 31-8200 By Tracingfentowor ar | & To Banke Alc 71,000 Fh00b Oale Rovtlewtons Wizom) By Bolavwe cid Mutovt_va | Oe. Bosak booms Mi Poxticutavs ite By Profit & hom Mt eae fy Euudnioby Choy acaw om Movtle ort yo00 —__ Poetinators _ Pris or Conia Ale Yoooe | Capdat we diaags Nc agoon | Baw Wsow Ak foun Ne V1 Gob | Euetlty fauyshee Ne Connpurar Me Foo, poo | Resennar fro Peer & Soler AE! } Cuutrneaty Roane ic tooo | USHL Ak hoopoo | | Funan ond Fintan Mk | 22600 Kdvertienacat Alc 4500 fusca Ne | 35.000 | Tekeplene U Ak | 3uipon fant, tose 12,000 futertainmunt © uperncs hie | 10,060) MikcaMarncenus Buje Ae 4 Nc | Drawing Ak {2hood | | M/HDOD, ANAL. OeeTrading amid PAL Ae fn the go ewe MON 31,2000 Rettieiord ] To Advertinant Alc Ty Clactnicby Ak To Teeprene ¢ Al 34,000 Th Petty Crnpermor Ne | 12,000) To Grtuttalnnwal fapentes Ak) 19000 To Intel em Rawk Lean Af! 10,000 To Depauiation Alc louaputer Buakings fonmtunes & ittings TW Nek Profit (24,000 30,000 | |Nogo00 | 5000 2600 | 1,05, By Revere trom iy 498,000 |Batower Shut ™% ow Mant 3! 2000 NINLSeawiey Deputy Fuudwicty Bord (Staite, Deporiny Gnnapuias | Cakutoiion ef Pw ftablity Kato a Gres Profit Roto: Smo Puft, 100 = 424000, 199 = F194 Nek Col 499, 000 oh Net Profit: Ratio + 105.000 gioo > aoeth 448,000 : Satifactoy becawie vitk prof d gpuss profit natio ane highot thin the viommal ba qunitoot type SF Tawinchs Onyanisationn Pe Pamk boa le wu see the Auloaing nator before gnaating te toa : ) Gument Ratio = Genet Assets Cusmcinr bia bilities= Couh + Bow Tat hye F Bak Wana to be Repaid Nort Yeour tooop + !4¢, 6p = Leino 2 Syst YO0,000 124,008 424, 000 J aiiy Ghuck allo wale be Swae os curred vials becoume oer nettlhen | Closing Stock won prepaid emperases G1 Debt eam iy Roto = Debr_ = Lov.ppy = O2bst Equily 3.93 a0 Te bane, Aen, Swould grant tae oan, 24 te mano ane | frosate.RATIO ANALYSIS RATIO ANALYSIS OF | TARMAC LIMITED nyeBALANCE SHEET OF TARMAC LIMITED AS ON 3F MARCH 2012 | PARTICULARS: FIGURES | FIGURES IN Fis, IN Rs = | oon) | (oon) | SOURCES OF FUNI Shareholder’s Fund Share capital 5,00,00 Reserves and surplus | 1742.59 | 22,42,59 | 11.38.86 | ssa20 | 169715 95,33 i =a 40.35.07 )~ APPLICATION OF FUNDS | | Fixed Assets , Gross block 18.41.58 Less: depreciation 12.40.03 Net block 601,35 Capital work in progress __ 1339 616,84 Investment 1,48,34 Current Assets, Loans and-Advances Inventories 21.46.20 fors 19,51,56 ‘and Bank balances 449,74 joans and advances 850,58 | 53,98,08 Current Liabilities and Provisions | Current liabilities 18,16,17 | Provisions 3.124 21,2819 Net Current Assets 32,69,89 TOTAL — 40.35.07PROFIT AND LOSS ACCOUNT OF TARMAC ED FOR THE YEAR ENDED 3!" MARCH 211? | PARTICULARS: FIGURES oe Rs (1000) INCOME: | Sales and operating earnings 73,90,47 Other income 31,39 | Variation in stock 53,99 74,75,85 EXPENSES: | Materials consumed 28,5140 | Purchase of trading goods 14,0333 | Payments to and provision for employees 12,94,47 | Manufacturing expenses 307,51 | | Excise duty 70,08 Other expenses 9,17,94 | Interest and finance charges 2,46,30 | Depreciation 1.10.89 | | Less: transfer to revaluation 93 1,09,96 72,00,99 | PROFIT BEFORE TAX 2,74,86 PRIOR YEAR ADJUSTMENT(NET) 25,71 PROVISION FOR TAXATION | Current tax | 119,50 | Deferred tax liability/(A ssets) 8,13 | PROFIT AFTER TAX 17294 | Balance brought forward from previous year 4 Balance available for appropriation 1.72.98 Appropriations: 88.30 z 75,00 Tax on proposed dividend 9.61 | 1,72,98 | Basic earning per share(rupee) | 3.46_ ACCOUNTING RATIOS DE TARMAC WimiTED FOR THE YEAR ENDED MagcH 21" Jon T Ueuioriy Larios | Govt Retin Guomual Rabin = Cumont Asses Cust butalouatien + 6449 og - 253: 2 we 14 Wawid Ratin - Guin Asets Guana hiablition > Qhot 30 + Vas) 21 14 fe eae ect an Shactc holden fa =1AtIS . 0454 QU 42 64 “Total Asst a2 Wa o4. 29. Cb IWGL 33 “OWOtol Acie Yo Debt Roun ‘Total Avjls te Debt Ratio =_Toto Asgets havygten belts = M0 35. OF - 994-4 teaig FB ry Twmover Ratio Cort of tk sold Average Stttk = 2G 2302" « 4. 204m | G43 il f a bioass Ty oe a Ratios _ Cradut sates nee Accounts swevobls > TLS T3E - 39 Hs AG AS6 § Guditors Tuewoven Retio Gudkton's Tuwiover Ratio-net Gudit Ruchase Aucrage Guditoas RAD BO : tienes G46 6“Conoss Eyetie Ratio « Cynass pref » 100 cite Nee Salus eon eins 66:21 eereeq™ 4 Cherating Ratio - COUs + «Hee Expumes ¢ 99 = 2g8 i mh S14 a 634, 624 Wk Net Profi: Ratio Net Pruett: Raaio « Ne Pee 100 = 11244 a5 tare tt 1 Rew) Oy Invosinaccat Retwin On Mavestwout Ne Prof, xfoo Copal em! “HERA 100 40250} > W291RATIO ANALYSIS OF JOEREX LIMITEDBALANCE SHEET OF JOEREX LIMITED AS ON 3! MARCH 2012 PARTICULARS FIGURES FIGURES IN Rs IN Rs = (ion) (oon) SOURCES OF FUNDS | Shareholder’s Fund | Share capital 5,00,00 Reserves and surplus 19.14.91 | 24,14,91 Loans | Secured 17,23,12 Unsecured 536.89 | 22,60,01 Deferred Tax Liability(Net) 9302 TOTAL == 47.66.94 APPLICATION OF FUNDS Fixed Assets | Gross block 21,64,89 Less: depreciation 13.43.05 Net block | 821,84 Capital work in progress | = | 821,84 Investment 2,32.91 Current Assets, Loans and Advances Inventories 19,32,88 Sundry debtors | 23,06,67 Cash and Bank balances | 604,64 Loans and advances 10,04,02 | 58,48,21 Current Liabilities and Provisions Current liabilities 16.55.15 Provisions 4.80.87 | 21,36,02 [Net Current Assets | 37.12.19 AL 47.66.19PROFIT ANDO LOSS ACCOUNT OF JDEREX LIMITED FOR THE YEAR ENDED 3!" MARCH 2012 |PARTICULARS FIGURES IN As (1000) INCOME: Sales and operating earnings 74,20,31 | Other income 41,69 Variation in stock (38,45) 74,23,58 EXPENSES: | Materials consumed 25,91,83 | Purchase of trading goods 15,21,00 | Payments to and provision for employees 13,54,15 Manufacturing expenses 2741 Excise duty 75.41 | Other expenses 344,78 | Interest and finance charges | 2.15.82 | Depreciation 1,26,68 | Less: transfer to revaluation $4 1,25,84 70,00,24 | PROFIT BEFORE TAX | 423,31 | PRIOR YEAR ADJUSTMENT(NET) | PROVISION FOR TAXATION Current tax | 150,84 | Deferred tax liability/(Assets) G31) | PROFIT AFTER TAX 2,75,78 | Balance brought forward from previous year 7 Balance available for appropriation 2.75.85 Appropriations: General reserve 1,73,20 Surplus/(loss) carried to B/S. Proposed dividend Basic earning per share(rupee)ACCOUNTING RATIOS _ __OF JOREXLimiTen FoR THE YEAR ENDED MARCH 315 201. Guomrerat Assets Cuopuvat Diabaities “GR anh 213 602 2 Cooruuntt Laleletics RAN ABi = 13604 23602"? Propricy Roto = Sheaehotdins fumcl ; os Total Awets "Antal. sat iog 7 26202)5. Tota Assets tr Debi Ratio Tt Asset ta Debt Ratio » Totak Ascats hrougtam Debts ah F641 ain, Liggg oe Aeoge Steck * 254.226 + 3.43 wes 68 130 iton's Tumovea Ratio Delton Tuominres Ratio ~ Credit Soes Average Aecouwats Recewabus + 80498 9, 730 but 14 tes, 19. Grecikton's Tumiover Ratio Geucttows Twover fatio = Nut Cudil: Punanase vege Guditos + 262-40, - 3% iiss meT Peontagiurty kATios a.Gnoss Plt Ratio 4 bok Cars Prof Ratio = Gress Nu Saus x00 N28 2 vio - Eray} GI049¢ 1 Opera i Operating Ratio «Goes 4 Seed Papeaaes ggg 254226 +€ DE226 + 2411 + By yy! $ ] ; X109 = Su. ib} it Nu: Pav Ratlo | Ne. toll Ratio ~ Net Poof y 99 Nut Salis “2549 ‘ te sion = ye 68097¢ SeCASH FLOW STATEMENT OF INFOSYS LIMITEDIrosvs untireD, ie Fee ‘alge Shee mn Maven Nae or 2011 FOUIY SND LIAMILITIES SHAREHOLDERS FUNDS Stare apa om mt Reserves ad ris 2470 aaaia DIST a0 DNOD-CUIRKEN LANMILITUES Defeats (et) 2B = ‘tte fogs ates 24 25 = ‘CURRENT LAME Frade payable, as “ 8s (Otereer abt as ass ura Shorr powsons u soe 2473 407 a8 sais =a ASSETS SON-CURKENT ASSETS Fie ass. ante ct 28 sou 4056 amg ete 28 6 : Capea workenpengress sau 20 Tae a505 ‘on caer mesons 20 Los 1206 ered as mts) 2 18 70 ‘og ee ans a tances a want ia phe no sent sets an 3 7H ass CURRENT ASSETS Cure eveitnens 210 " ade recoatles 2 aan Cohan cash equivlees 2M sos ‘Sorter a and canoes ais 2m 287 Tae Eo SIGNIFICANT ACCOUNTING POLICIES AND NOTESON ACCOUNTS. 142 Tra RAFAT easnace Chere Acme iene Regan Nahe: 2800 Neth Renata KV Kamath ‘5. Gopairshaan 3. Shia Deep M Setwattar Panier Cherssor ‘Broun Conan Chir Bsccane Offeerand recur Mersberip No. 32815 Mince rei Dr-Onkar Gonwam ——Sdbr A emgae Davi Boyes Pi Jeff, Lebron Pires Dieecor ivetor Bear RSetaanet ‘Ane M Feds ari Venkata Seat Bas Direc Dineen Deer Dieser tata 1G Sinvas Ashok Vet Pavement oegehne aac nd Peco’ Diesior Company ecrenary Ape L202 (he Fare cer2 NOTES ON ACCOUNTS FOI THE YEAH ENDED MARCH 92,2012 _Ameuaas the ical atements ae presented car excpt for por share data and a terwrie sad. Cerin amounts ha creed Hohe ‘ichsed and oot apes de ound re dete ote 237A exact amount ate ved wad He sun" One rae og 0 ion ‘previous pei figtes rv boon groupies wherever nates wean ithe eet peed peesentton fu SHARE CAPEEAL nt cre, cepts ther sna Ponca ‘AvatMareh 1 202 a aos guy shares 5p ale (48,0000 (60.00,090) ety ses sot so uc Sect ant Psp. Engity sarc, 85- par vas = = a0) PASS sesh ot how $3.5,55478 (89 $8.58 xyes, ally pl Up hae ‘sive bomen nes By cpa oe yeneal ere] ———— | Fie anes nod in TST "fe nome 231 fr dead fh en nd res “The Company as aly ane as shes refer a guy shares ving mp value Each holder of eqmty shares tad wo me Ye Pe ars iss Coipony dicaes ad per ies ia nin rupess: The dividend peoponbd tw the Baa oF Dire in Saye to We appa Of the sSarsbolers nthe snag Anca Pout Anaacial staternet alysis helps A qniak deal Ia aMsersing deacloprenls in the pe. speci the Mottytar. 16. Uvidkagta a Rianne is bulps the wien oF Manaciol Statens be wancunilavid {Me Lonplicatid Mette, fin sinplitcd mavuen- Data con be wade mon Altraclive by Chamireddiagnavs, Which tay be wmedler stood Hille Wr prajck work alse erated wre Ww umduitaad about dhe an vitented iva faweral Statewuaats Omalysis, Huy aoe aA | follecs:-