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    Financial Transcations Analysis: Under The Guidance of Dr. Nisha Shankar

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    RUTVIKA DHANESHKUMARKUNDAGOL
    Delicious Dines is a restaurant launched in July 2017 by two experienced restauranteurs. [1] In July 2017, the owners invested Rs. 40,00,000 and incurred various startup expenses totaling Rs. 7,80,000. [2] The restaurant earned total revenue of Rs. 7,50,000 from catering services and dine-in customers. [3] After accounting for expenses of Rs. 7,49,000, the restaurant made a small profit of Rs. 1,000 for the month.

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    Financial Transcations Analysis: Under The Guidance of Dr. Nisha Shankar

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    RUTVIKA DHANESHKUMARKUNDAGOL
    17 views4 pages
    Delicious Dines is a restaurant launched in July 2017 by two experienced restauranteurs. [1] In July 2017, the owners invested Rs. 40,00,000 and incurred various startup expenses totaling Rs. 7,80,000. [2] The restaurant earned total revenue of Rs. 7,50,000 from catering services and dine-in customers. [3] After accounting for expenses of Rs. 7,49,000, the restaurant made a small profit of Rs. 1,000 for the month.

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    FAM CIA-1

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    Delicious Dines is a restaurant launched in July 2017 by two experienced restauranteurs. [1] In July 2017, the owners invested Rs. 40,00,000 and incurred various startup expenses totaling Rs. 7,80,000. [2] The restaurant earned total revenue of Rs. 7,50,000 from catering services and dine-in customers. [3] After accounting for expenses of Rs. 7,49,000, the restaurant made a small profit of Rs. 1,000 for the month.

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    17 views4 pages

    Financial Transcations Analysis: Under The Guidance of Dr. Nisha Shankar

    Uploaded by

    RUTVIKA DHANESHKUMARKUNDAGOL
    Delicious Dines is a restaurant launched in July 2017 by two experienced restauranteurs. [1] In July 2017, the owners invested Rs. 40,00,000 and incurred various startup expenses totaling Rs. 7,80,000. [2] The restaurant earned total revenue of Rs. 7,50,000 from catering services and dine-in customers. [3] After accounting for expenses of Rs. 7,49,000, the restaurant made a small profit of Rs. 1,000 for the month.

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    CIA 1

    FINANCIAL TRANSCATIONS ANALYSIS

    Under the Guidance of

    DR. NISHA SHANKAR

    SCHOOL OF BUSINESS AND MANAGEMENT

    AUGUST 2021

    DONE BY:

    RASHMI S 2128146
    RUTVIKA K 2128148
    VINEET N 2128130
    ATANU KUMAR DEY 2128105
    RAHUL SAI 2128106

    1
    DELICIOUS DINES RESTURANT AND CATERERS
    INTRODUCTION: Adopting a 1950s theme, the Delicious Dines intends to serve traditional
    foods with an eye toward health. Established in the year 2017 July the two proprietors, Mr.
    Atul Mehra & Mr. Yogesh Bhatt both experienced restauranteurs, intend to draw on their
    extensive food service backgrounds as they launch their business. Renowned for creating
    unforgettable memories, we at Delicious Dines offer the best catering services. With an
    initial focus on small scale events in and around Bangalore, we quickly established a
    reputation of high-quality catering and dining.

    TRANSACTIONS FOR MONTH OF JULY 2017:

    1. Owner invested Rs. 40,00,000 in cash to start the business.


    2. Expenses incurred in acquiring license Rs.50,000 in cash.
    3. Interiors designing and furnishing expenses paid in cash Rs.3,00,000
    4. Two months’ rent of Rs.60,000 was prepaid in cash.
    5. Equipment costing Rs.3,00,000 was bought on credit.
    6. Grocery costing RS.80,000 was bought on credit.
    7. Got an advance of Rs.2,00,000 out of estimated Rs.5,00,000 worth of catering
    service from Mr. John D’Souza
    8. Grocery Worth Rs.1,00,000 was paid in cash.
    9. Used up Rs.1,20,000 worth of grocery.
    10. Billed a total of Rs.5,00,000 to Mr. John D’Souza for catering service of which
    Rs.2,00,000 was paid in advance.
    11.Miscellaneous expense of Rs.40,000 were paid in cash
    12.Advertising costing Rs.1,00,000 was paid for with cash.
    13. Rs.20000 was paid for cleaning supplies.
    14.Rs.50,000 was paid for Office Equipment’s. (Computer, billing machine, Card-
    swiping machine)
    15.Took a bank loan of Rs.1,20,000.
    16. Bought 2 Delivery purpose motorcycles at Rs.1,20,000.
    17. Security system installation worth Rs.70,000 was paid in cash. (Office Equipment)
    18. Paid Rs.2,00,000 of the Rs.3,00,000 owed to the equipment supplier
    19. Paid Rs.1,20,000 employee salaries in cash.
    20.Paid electricity charges of Rs.30,000 in cash.
    21.Paid water bill charges of Rs.20,000.
    22. Paid Fuel Charges Costing Rs.4000.
    23.Earned a Revenue of Rs.2,50,000 from dine-in customers.
    24. Used up cleaning supplies worth Rs.15000.
    25.Paid Rs.40,000 of the Rs.80,000 owed to the grocery supplier.

    2
    ACCOUNTING EQUATION FOR THE MONTH OF JULY 2017

    PROFIT AND LOSS ACCOUNT FOR THE MONTH OF JULY 2017

    Revenue Amount Total


    Income from Catering Service 5,00,000  
    Earned an income from dine-in-services 2,50,000  
    Total Revenue   7,50,000
    Expenses    
    Interior designing and furnishing expenses 3,00,000  
    Used Groceries 1,20,000  
    Miscellaneous Exp 40,000  
    Advertising Exp 1,00,000  
    Salaries 1,20,000  
    Electricity Charges 30,000  
    Water Bill 20,000  
    Office Supplies 15,000  
    Fuel Charges 4,000  

    Total Expenses   7,49,000

    Profit Before Tax   1,000


    Tax    

    Profit After Tax   1,000

    3
    BALANCE SHEET FOR MONTH OF JULY 2017

    Particulars Amount Total


    32,46,00
    Cash 0  
    Licence 50,000  
    Rent 60,000  
    Equipment 3,00,000  
    Grocery 60,000  
    Office Supplies 5,000  
    Office Equipment 1,20,000  
    Vehicles 1,20,000  
    Accrued Income 3,00,000  
    42,61,00
    Total Assets   0
    Liability & Owners Equity    
    40,00,00
    Owners’ Equity 0  
    Reserve And Surplus 1,000  
    Equipment cost O/S 1,00,000  
    Grocery cost O/S 40,000  
    Loan O/S 1,20,000  
         
    TOTAL LIABILITY AND OWNER'S 42,61,00
    EQUITY   0
         

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