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    Lalit Ji Huf 22

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    sunil jadhav
    The document is a financial statement for Lalit R Jain HUF for the accounting year ending March 31, 2022. It includes a statement of total income showing a net profit of Rs. 522,623 from the proprietorship firm Bhawani Jewellers and Rs. 119 in savings bank interest, resulting in total income of Rs. 380,428. It also includes the profit and loss statement and balance sheet for Bhawani Jewellers showing a net profit of Rs. 522,623 for the year transferred to the capital account. The capital account for Lalit R Jain HUF shows total drawings of Rs. 191,262 and a closing balance of Rs. 5,477,998.

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    Lalit Ji Huf 22

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    sunil jadhav
    85 views6 pages
    The document is a financial statement for Lalit R Jain HUF for the accounting year ending March 31, 2022. It includes a statement of total income showing a net profit of Rs. 522,623 from the proprietorship firm Bhawani Jewellers and Rs. 119 in savings bank interest, resulting in total income of Rs. 380,428. It also includes the profit and loss statement and balance sheet for Bhawani Jewellers showing a net profit of Rs. 522,623 for the year transferred to the capital account. The capital account for Lalit R Jain HUF shows total drawings of Rs. 191,262 and a closing balance of Rs. 5,477,998.

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    LALIT JI HUF 22

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    The document is a financial statement for Lalit R Jain HUF for the accounting year ending March 31, 2022. It includes a statement of total income showing a net profit of Rs. 522,623 from the proprietorship firm Bhawani Jewellers and Rs. 119 in savings bank interest, resulting in total income of Rs. 380,428. It also includes the profit and loss statement and balance sheet for Bhawani Jewellers showing a net profit of Rs. 522,623 for the year transferred to the capital account. The capital account for Lalit R Jain HUF shows total drawings of Rs. 191,262 and a closing balance of Rs. 5,477,998.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    85 views6 pages

    Lalit Ji Huf 22

    Uploaded by

    sunil jadhav
    The document is a financial statement for Lalit R Jain HUF for the accounting year ending March 31, 2022. It includes a statement of total income showing a net profit of Rs. 522,623 from the proprietorship firm Bhawani Jewellers and Rs. 119 in savings bank interest, resulting in total income of Rs. 380,428. It also includes the profit and loss statement and balance sheet for Bhawani Jewellers showing a net profit of Rs. 522,623 for the year transferred to the capital account. The capital account for Lalit R Jain HUF shows total drawings of Rs. 191,262 and a closing balance of Rs. 5,477,998.

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    of 6

    LALIT R.

    JAIN HUF
    ROAD NO. 1, 2ND FLOOR,
    SHREY BLDG., DUWLAT NAGAR,
    BORIVALI (E) MUMBAI 400 066

    ACCOUNTING YEAR ENDED : 31ST MARCH 2022


    ASSESSMENT YEAR : 2022 - 2023 P.A.N: AABHL6629P
    STATUS : H.U.F RESIDENTIAL STATUS : RESIDENT

    STATEMENT OF TOTAL INCOME AMOUNT

    1. INCOME FROM BUSINESS


    NET PROFIT AS PER PROFIT & LOSS ACCOUNT 522,623
    (BHAWANI JEWELLERS)

    2. INCOME FROM OTHER SOURCES


    SAVING BANK INT 119

    GROSS TOTAL INCOME 522,742

    LESS: DEDUCTION UNDER CHAPTER VI A


    U/S 8TTA : SAVIN BANK INT 119
    U/S 80C : SCHOOL FEES 121,250
    U/S 8D : MEDICLAIM 20,945 142,314

    TOTAL INCOME 380,428

    R/OFF 380,430
    NOTES :
    1. TAX PAYABLE 6,522

    ADD: EDUCATION CESS @ 4% 261


    BALANCE PAYBLE 6,782

    LESS : TCS ON PURCHASE 1,067


    BALANCE PAYBLE 5,715

    LESS : SELF ASSESSMENT TAX 7,600


    REFUND DUE (1,885)

    2. GENERAL PARTICULARS

    NAME : BHAWANI JEWELLERS

    ADDRESS : SAME AS ABOVE

    NATURE OF BUSINESS : RETAILER IN GOLD \ SILVER JEWELLERY


    DIAMOND JEWELLERY
    BHAWANI JEWELLERS
    (PROP. LALIT R. JAIN HUF)

    PROFIT & LOSS ACCOUNT AS ON 31ST MARCH 2022

    PARTICULARS AMOUNT PARTICULARS AMOUNT

    TO OPENING STOCK 5,818,475 BY SALES 3,944,548


    TO PURCHASES 4,431,500 BY CLOSING STOCK 7,580,193
    TO BANK CHGS 7,004
    TO ACCOUNTING CHGS 30,000
    TO DISCOUNT 27
    TO SALARY EXPS 48,000
    TO PROFESSIONAL FEES 5,000
    TO DEPRECIATION 98,612
    TO INSURANCE EXPS (CAR) 27,217
    TO INTEREST ON CAR LOAN 25,070
    TO MEMBERSHIP FEES 3,750
    TO ELECTRICITY CHGS 12,160
    TO SHOP EXPS 12,541
    TO INTEREST ON LOAN 449,522
    TO OFFICE EXP 1,737
    TO CONVEYANCE EXPS 8,474
    TO TELEPHONE EXPS 6,848
    TO ROUND OFF 101
    TO MAINTENANCE CHGS 16,080

    TO NET PROFIT TRANSFERRED TO 522,623


    CAPITAL ACCOUNT

    TOTAL 11,524,741 TOTAL 11,524,741

    CAPITAL ACCOUNT AS ON 31 ST MARCH 2022

    PARTICULARS AMOUNT PARTICULARS AMOUNT

    TO DRAWINGS 48,000 BY BALANCE B/D 1,972,646


    TO TCS ON PURCHASE 1,067 BY NET PROFIT TRANSFERRED
    TO MEDICLAIM 20,945 FROM PROFIT & LOSS A/C 522,623

    TO BALANCE C/D 2,425,257

    TOTAL 2,495,269 TOTAL 2,495,269


    -
    BHAWANI JEWELLERS
    (PROP. LALIT R. JAIN HUF)

    BALANCE SHEET AS ON 31 ST MARCH 2022

    LIABILITIES AMOUNT ASSETS AMOUNT

    CAPITAL ACCOUNT 2,425,257 FIXED ASSETS


    CYCLE (HERCULES) 1,034
    SECURED LOANS ELECTRONIC WEIGHING SCAL 5,994
    CAR LOAN 759,729 VIDEOCON LCD 1,755
    MOBILE 36,367
    ACTIVA 70,125
    CAR(ERTIGA) 999,438
    UNSECURED LOANS CLOSING STOCK 7,580,193
    BHAGWAN SINGH T. DEOVRA 835,279 LOANS & ADVANCES
    LALIT R JAIN 3,836,023 SHOP DEPOSIT 18,500
    NILU L. JAIN 496,755 CHANDAN SINGH 25,000
    RUPALAL JAIN 1,581,373 GST C\F 40,027
    MAZA SALOON AND MEN & WOMEN 1,000,000
    SUNDRY CREDITORS SUNDRY DEBTORS
    S S JEWELLERS (131,336) VEERA ORNAMENTS (6,379)

    CASH & BANK BALANCE


    PROVISION FOR EXPENSES CASH IN HAND 36,112
    ACCOUNTING CHGS. 30,000 SVC CO-OP BANK LTD 29,372
    ELECTRICITY CHGS 3,110
    TELEPHONE CHGS 1,348

    TOTAL 9,837,538 TOTAL 9,837,538


    0
    LALIT R. JAIN HUF

    CAPITAL ACCOUNT AS ON 31 ST MARCH 2022

    PARTICULARS AMOUNT PARTICULARS AMOUNT

    TO DRAWINGS 48,000 BY BALANCE B/D 5,146,518


    TO TCS ON PURCHASE 1,067 BY NET PROFIT TRANSFD. FROM
    TO MEDICLAIM 20,945 BY P & L A/C (BHAWANI JEWELLERS) 522,623
    TO SCHOOL FEES 121,250 BY BANK INT 119

    TO BALANCE C/D 5,477,998

    TOTAL 5,669,260 TOTAL 5,669,260

    BALANCE SHEET AS ON 31 ST MARCH 2022

    LIABILITIES AMOUNT ASSETS AMOUNT

    CAPITAL ACCOUNT 5,477,998 FIXED ASSET


    GOLD 12,501
    INVESTMENT IN BHAWANI JEW. 2,425,257
    O ASSETS 3,005,381
    CASH & BANK BALANCES
    CASH IN HAND 30,872
    PUNJAB & SIND BANK (37655) 3,987

    TOTAL 5,477,998 TOTAL 5,477,998


    -

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