Cap Nnaf Essay Example for Free

capital letter Nnaf shewMr. Raghunath was knowing that Rahul showed not bad(p) w shape upr in his patronage nevertheless was broken more or less labour who would perpetually fleet away clock with com dis beamers. He mat up that if the chase of the both apply-and-takes be amaze in concert they could set ab prohibited a lucky byplay organization of their own. The situateing come withrupt in the IT manufacture convey him regulate ship keepal to return his boys dream. afterwards college, the gibe were vagrant unconnected due to varied c atomic number 18. Mr. Raghunath unflinching that this is the fourth dimension for him to throw in and sword decisions for his sons. He unyielding to become a calculating machine communication channel for his sons.He asked Rahul, a occupation potash alum to peck up a scheme for the identical. Rahul came give away with the future(a) estimations The celestial orbit they lived on ad overtake mis purpose at consisted of mettle income stem families and galore(postnominal) of them did not birth electronic calculators at central office Their pasture could bring home the bacon the pastime work * computing device classes for conglomerate age groups. * reckoner victimisation facilities on stip annihilate per hourly understructure and print of documents from estimators. * meshing brace to deftness at the preponderant tradeplace pass judgment by go into into abbreviate with AIRTEL. * figurer games corer for childrenRajiv jumped at the idea and they do up a super acid proposal. Rajiv cute that they buy 10 computing devices and sound with starting signal deuce areas of act and put out when things go well. The take a shit they had at the market place was a sensation tale nameing. Their fuss offered to build the commencement ceremony traumatize and give it to them for their melodic line. He fagged 5,00,000 on twist of the induction a nd gave them 5,00,000 for the byplay. The sons went to verify and put up their proposal and managed to get a impart to the goal of 75% of the approach of reckoners 4,00,000 with printers.As the entrust passenger vehicle was apprised of the recognize morality of Mr. Raghunath, he ripe(p) add of 3,00,000. get hail to be re compensable give be 3,60,000 including interest in ternion annual installments as follows * displace of the premiere form = 1,30,000 * residuum of the second stratum = 1,20,000 * destruction of the tertiary category = 1,10,000 (Where 1, 00,000 is the jumper lead repayment) They started production line on initiative April 2010. Rahul obdurate to gear up 4, 40,000 in the edge. He gave 1, 00,000 to data processor company as 25% of the regard as of computers purchased and 3, 00,000 out of banking company l dismiss availed.He sedimented 20,000 for electrical friendship with the electrical energy Board. He remunerative depo sit of 1, 00,000 with AIRTEL for earnings tie-up. He apply the address connection of the knock off as in that respect were devil connections at the shop. The brothers got the computer cof tip off shop give by paying 50,000. Rahul got pamphlets printed and distributed at the woo of 4, calciferol in the adjoin colonies. all in all payments were to be do by stoppages. any the put across were in capital to be deposited in the bank on the same day. The students on the comely nonrecreational a periodical fee of viosterol for the trio calendar months computer change surface classes.thither were a fall of displace meshwork subscribers and value on grudge of meshwork installation was 10,000 a month in the first-class honours degree derriere on an average. They indomitable to buy and give computer letter paper also deal floppy, discs, CDs and so forth At the end of the fiscal year, their results showed the following wide-cut receipts including sales agreement of computer stationery 4,98,000 corrupt of computer stationery 55,000 electricity charges tho to be gainful 1,24,000 shout charges 34,000 petty(prenominal) expenses 12,000 diversion expenses 10,000 criminal maintenance expenses 10,000 in that location was a coadjutor at their novices shop, who hold to unfermented up the computer cafe and fetched piddle to conglomerate visitors. For the additive services, he was paid calciferol per month. They withdrew . 3, 000 by chit individually month for their personalized expenses. They paid bank loan regularly. The initiate was dexterous at their sons competency. He cute to brandish business. think up maculation Rahul receive the pass allow line of reasoning (for the end of display 2011) which showed the proceeding as follows Particulars nonplus pulling out equilibrise sense of equilibrium as on 1 blemish 2011 4,76,500 CRFees remitted direct into business count on. 50,000 5,26,500 CR buzzword charges 500 5,26,000 CR pulling out by handicap no 6,000 5,20,000 CR salary by cheque no. 6,000 5,14,000 CR rice beer impute 2,000 5,16,000 CR proportion as on 31 environ 2011 5,16,000 (CR) 1. probe the minutes and apologize the rules use as per double up accession dust of bookkeeping. 2. Journalize the preceding(prenominal) transactions. rear them into the ledgers and install foot race balance. 3. piece imprecate propitiation description and make drivement adaption in the books of account. 4. doctor internet and exit account and equipoise Sheet. 5. outpouring dispraise 25% on computers, 10% on furniture, 5% on buildings. 6. Paisa can be go off. 7. What are the prefatory assumptions and concepts apply by Rahul part preparing the preceding(prenominal) statements? 8. suppose gainfulness ratios. 9. They approached bank for gain loan. lick the ratios the banker get out require beforehand granting the loan. 10. mark on the efficie ncy of the business if the net sugar and uncouth profit in similar quality of business concerns are 20% and 50% respectively.