ACCOUNTS

1. CREATED BY:-
ABHINAV KUMAR GOSWAMI
ROLL NO- 2
XI C
KPS KADMA

2. A type of business enterprise or proprietorship which is owned by one
person who is fully liable for the company's debts and fulfillment of
contracts with his/her personal wealth unless incorporated.
I WOULD LIKE TO BE SOLE TRADER BECAUSE:-

3. I would like to start business of “FURNITURE”
as a sole trader with the name of “ GOLDEN
FURNITURE ”.
I have selected furniture business because:-
 It will lead me to profit maximization.
 Less worker required as compared to other
business.
 Work is done only by skilled worker so
spoiling of raw material is less.

4.  FOR BULK  SINGLE ITEM
PURCHASE PURCHASE
 ENQUIRY  ENQUIRY
 SELECTION OF
 QUATATION
PRODUCT
 ORDER  PAYMENT OR
 EXEQUTION OF PARTELY PAYMENT
ORDER  HOME DELIVERY
 DELIVERY OF
GOODS
 PAYMENT

5. PARTICULARS Dr (2009) Dr (2010) Cr (2009) Cr (2010)
Opening stock 80000 100000
land & building 60000 60000
Plant & 60000 60000
machinery
furniture 40000 40000
Motor van 50000 50000
Lose tools 4000 4000
debtor 58000 30000
Cash at bank 2000 12000
Cash in hand 4000 14000
salary 16000 5000
wages 2000 5000
Carriage inward 2000 2000
Carriage 4000 3000
outward

6. PARTICULAR AMOUNT PARTICULAR AMOUNT
S S
To opening 180000 By sales 359000 329000
stock
To purchase 54000 11500 - Sales return 30000
- Purchase 42500 By closing 102500
return stock
To wages 7000
To carriage 4000
inward
To gross 229000
profit
431500 431500

7. LIABILITIES AMOUNT ASSET AMOUNT
CAPITAL FIXED ASSET
ACCOUNT
capital 420000 land & 120000
building
+net profit 103000 Plant & 120000
machinery
-drawings 36000 487000 furniture 80000
Motor van 100000
LONG TERM Lose tools 8000
LIABILITIES
Long term 110000
Loan
Bank o/d 10000 CURRENT
ASSET

8. Sales
SALARY
WAGES
CARRIAGE INWARD
ADVERTISMENT
COMMISION PAID
RENT PAID
PURCHASES

9. PARTICULARS Dr (2011) Dr (2012) Cr (2011) Cr (2012)
Opening stock 40000 110000
land & building 70000 70000
Plant & 70000 70000
machinery
Furniture 50000 50000
Motor van 50000 50000
Lose tools 14000 14000
Debtor 18000 40000
Cash at bank 12000 82000
Cash in hand 14000 64000
Salary 26000 15000
Wages 12000 15000
Carriage inward 12000 12000

10. PARTICULARS AMOUNT PARTICULAR AMOUNT
S
To opening 150000 By sales 419000 379000
stock
To purchase 94000 31500 - Sales 40000
return
- Purchase 62500 By closing 122500
return stock
To wages 27000
To carriage 24000
inward
To gross profit 269000
501500 501500
To salaries 41000 By gross 269000
profit

11. LIABILITIES AMOUNT ASSET AMOUNT
CAPITAL FIXED ASSET
ACCOUNT
capital 440000 land & 140000
building
+net profit 18000 Plant & 140000
machinery
-drawings 54000 404000 furniture 100000
Motor van 100000
LONG TERM Lose tools 28000
LIABILITIES
Long term 230000
Loan
Bank o/d 53000 CURRENT
ASSET
CURRENT Cash at bank 94000

12. SALARY
WAGES
CARRIAGE INWARD
ADVERTISMENT
COMISSION PAID
RENT
PURCHASE

13. 3
2.5 2
RS
2
289000 0
2 RS 0 1
239000 1 2
1.5 0
2
1 RS RS
0 2
120000 289000
0 0
0.5 9 1
1
0

14. Series 1
RS
103000
RS
18000
2009
AND
2010 2011
AND
2012

15.  WAGES DECREASE BY 20%:-
7000*20%=1400
7000-1400=5600
 IMPACT ON GROSS PROFIT:-
If the WAGES decreased by 20% then the GROSS
PROFIT will increase.
 If the WAGES INCREASE BY 20%:-
If the WAGES increased by 20% then the GROSS
PROFIT will decrease

16. INCREASE OF SALE 25% IN 2011 & 2012:-
379000*25%=94750
94750+379000=473750

17.  INCREASE IN INDIRECT EXPENSE BY 20%:-
 SALARY- 41000
 RENT - 60000
 CARRIAGE OUTWARD-20000
 ADVERTISMENT- 31000
 COMISSION PAID- 32000
184000
INCREASEBY 20%=220800

18.  Product verity increases.
 People employed for problem handling of
customers regarding products.
 Free delivery facility is provided for
customer who purchase single furniture.
 Style and quality increased.
 Quality of advertisement has been
improved.
 Servicing facility has been introduced for
our customers.
 Discount are available on every product.
 Easy payment system has been introduced.

19.  Research for choosing the business was
tough and time taking.
 Choosing right person for right job was
also a kind of hurdle which I faced.
 Arranging finance was other problem.
 Problems also accord while finding the
place for setting up the office and godown.
 Choosing right place for targeted
customer, so that we can start business
was hard thing to do.

20. While making this project I found many
opportunity and threat which can Accor in
sole trading. I also came to know about the
market condition and the competitors of
the sole trading. This project also lead me
to learn the sole trading business more
closely.