BOOKS OF ACCOUNTS

YADAV HOUSING PVT. LTD.

MAYANK YADAV

1811293

SECTION – D

GROUP MEMBERS – AKASH, SIDDHARTH, SRIVAISHNAVI

 Yadav Housing Pvt Ltd
Record of Monetory Transactions
For The Year Ended March 31, 2018
MONETARY
TRANSACTION VALUE OF
THROW DATE TRANSACTION DETAILS REASON FOR TRANSACTION
NO. TRANSACTIO
N
1 01-Apr-17 Share Capital invested, 1500 shares @Rs 10 per share Capital invested 15,000
2 01-Apr-17 Interest free loan from promoter Borrowing from promoter 10,000
3 01-Apr-17 Loan from State Government To buy Delhi and build house 11,000
4 12 01-Apr-17 Bought New Delhi Inevestment in property (6,000)
5 01-Apr-17 Built house in New Delhi Inevestment in property (5,000)
6 6 01-Apr-17 Bought Indore Investment in property (1,500)
7 01-Apr-17 Built House in Indore Investment in property (2,000)
8 30-Apr-17 Received Rent from Akash for Delhi Lodging income 3,000
9 01-May-17 Paid Salary to Supervisor Supervisor Fees (500)
10 01-May-17 Received Rent from Srivaishnavi for Delhi Lodging income 1,500
11 7 15-May-17 Purchased Best Investment in property (3,500)
12 01-Jun-17 Paid Salary to Supervisor Supervisor Fees (500)
13 01-Jun-17 Received Commission Income from Akash Commission income for club 1,000
14 5 30-Jun-17 Commission paid to Akash, Siddharth, and Srivaishnavi commission expense for club (3,000)
15 01-Jul-17 Paid Salary to Supervisor Supervisor Fees (500)
16 01-Aug-17 Paid Salary to Supervisor Supervisor Fees (500)
Received commission income from Akash, Siddharth, and
17 01-Aug-17 Srivaishnavi for rest house Commission Income for Rest House 3,000
18 01-Sep-17 Paid Salary to Supervisor Supervisor Fees (500)
19 7 15-Sep-17 Bought Motorboat Investment in property (5,500)
20 30-Sep-17 Received rent from Siddharth for Delhi Lodging income 3,000
21 01-Oct-17 Paid Salary to Supervisor Supervisor Fees (500)
22 5 31-Oct-17 Management fees Received for crossing starting point Management Fees 20,000
23 01-Nov-17 Paid Salary to Supervisor Supervisor Fees (500)
24 30-Nov-17 Received Rent from Srivaishnavi for Delhi Lodging income 3,000
25 6 01-Dec-17 Paid Salary to Supervisor Supervisor Fees (500)
26 01-Dec-17 Fine for Jail Landed in jail (1,000)
27 01-Jan-18 Paid Salary to Supervisor Supervisor Fees (500)
28 01-Jan-18 Received commission income from Srivaishnavi for club Commission income for club 1,000
29 7 15-Jan-18 Paid to bank for Community Chest Traveling Expenses (2,000)
30 31-Jan-18 Paid to Siddharth for Rest House Commission expense for Rest House (1,000)
31 01-Feb-18 Paid Salary to Supervisor Supervisor Fees (500)
32 8 28-Feb-18 Landed on Air India - Nothing - -
33 01-Mar-18 Paid Salary to Supervisor Supervisor Fees (500)
34 01-Mar-18 Paid House Insurance for 2 houses Insurance Fees of 2 Houses Owned (1,200)
35 31-Mar-18 Advance for lodging income starting 1st May 2018 Advance Payment received 5,000
 Yadav Housing Pvt Ltd
General Journal
For the year ended March 31,2018

Date Account A/L+E/I/E up/dn Amount Dr or Cr DR Amt (Rs) CR Amt (Rs)

April 01, 2017 Cash A up 15000 Dr 15000 0
Share Capital Eq up 15000 Cr 0 15000
(Capital 1500 shares @ Rs 10)
April 01, 2017 Cash A up 10000 Dr 10000 0
Borrowing: Promoter L up 10000 Cr 0 10000
(Interest free loan from promoter)
April 01, 2017 Land: Delhi A up 6000 Dr 6000 0
Borrowing: State Government L up 6000 Cr 0 6000

April 01, 2017 Property: Delhi A up 5000 Dr 5000 0

Borrowing: State Government L up 5000 Cr 0 5000

April 01, 2017 Property: Indore A up 1500 Dr 1500 0

Cash A dn 1500 Cr 0 1500

April 01, 2017 Property: Indore A up 2000 Dr 2000 0

Cash A dn 2000 Cr 0 2000

April 30, 2017 Lodging Income I up 3000 Cr 0 3000

Cash A up 3000 Dr 3000 0
(Lodging Income from Akash for Delhi)
May 01, 2017 Supervisor fee E up 500 Dr 500 0
Cash A dn 500 Cr 0 500
(for April'17)
May 01, 2017 Lodging Income I up 3000 Cr 0 3000
Cash A up 3000 Dr 3000 0
(Lodging Income from Srivaishnavi for Delhi)
May 15, 2017 Property: Best A up 3500 Dr 3500 0
Cash A dn 3500 Cr 0 3500

June 01, 2017 Supervisor fee E up 500 Dr 500 0

Cash A dn 500 Cr 0 500
(for May'17)
June 01, 2018 Commission Income I up 1000 Cr 0 1000
Cash A up 1000 Dr 1000 0
Received Commision Income from Akash for club
June 30, 2018 Commission Expense E up 3000 Dr 3000 0
Cash A dn 3000 Cr 0 3000
(Commission Expense for Club)
July 01, 2017 Supervisor fee E up 500 Dr 500 0
Cash A dn 500 Cr 0 500
(for July'17)
August 01, 2017 Supervisor fee E up 500 Dr 500 0
Cash A dn 500 Cr 0 500
(for August'17)
August 01, 2017 Commission Income I up 1000 Cr 0 1000
Cash A up 1000 Dr 1000 0
(Commision Income from Rest House)
September 01, 2017 Supervisor fee E up 500 Dr 500 0
Cash A dn 500 Cr 0 500
(for September'17)
September 15, 2017 Property: Motorboat A up 5500 Dr 5500 0
Cash A dn 5500 Cr 0 5500

September 30, 2017 Lodging Income I up 3000 Cr 0 3000

Cash A up 3000 Dr 3000 0
(Lodging Income from Siddharth for Delhi)
October 01, 2017 Supervisor fee E up 500 Dr 500 0
Cash A dn 500 Cr 0 500
(for October'17)
October 31, 2017 Management Fee I up 20000 Cr 0 20000
Cash A up 20000 Dr 20000 0

November 01, 2017 Supervisor fee E up 500 Dr 500 0

Cash A dn 500 Cr 0 500
(for November'17)
November 30, 2017 Lodging Income I up 3000 Cr 0 3000
Cash A up 3000 Dr 3000 0
(Lodging Income from Srivaishnavi for Delhi)
December 01, 2017 Supervisor fee E up 500 Dr 500 0
Cash A dn 500 Cr 0 500
(for December'17)
December 01, 2017 Jail Fine E up 1000 Dr 1000 0
Cash A dn 1000 Cr 0 1000

January 01, 2018 Supervisor fee E up 500 Dr 500 0

Cash A dn 500 Cr 0 500
(for January'18)
January 01, 2018 Commission Income I up 1000 Cr 0 1000
Cash A up 1000 Dr 1000 0
(Commission Income from Srivaishnavi for Club)
January 15, 2018 Traveling Expense E up 2000 Dr 2000 0
Cash A dn 2000 Cr 0 2000
(Paid to bank for Community Chest)
January 31, 2018 Commission Expense E up 1000 Dr 1000 0
Cash A dn 1000 Cr 0 1000
(Commission Expense to Siddharth for Rest House)
February 01, 2018 Supervisor fee E up 500 Dr 500 0
Cash A dn 500 Cr 0 500
(for February'18)
March 01, 2018 Supervisor fee E up 500 Dr 500 0
Cash A dn 500 Cr 0 500
(for March'18)
March 01, 2018 Insurance fee E up 1200 Dr 1200 0
Cash A dn 1200 Cr 0 1200
(Insurace for 2 Houses)
March 31, 2018 Consultant Fee Expense E up 1000 Dr 1000 0
Consultant Fee Payable L up 1000 Cr 0 1000
(For Services rendered by them)
March 31, 2018 Cash A up 5000 Dr 5000 0
Unearned Rent Revenue L up 5000 Cr 0 5000

March 31, 2018 Insurance Expense E up 200 Dr 200 0

Prepaid Insurance A dn 200 Cr 0 200

March 31, 2018 Depreciation Expense: Delhi E up 600 Dr 600 0

Accumulated Depreciation A dn 600 Cr 0 600
(Delhi for 12 months)
March 31, 2018 Depreciation Expense: Indore E up 240 Dr 240 0
Accumulated Depreciation A dn 240 Cr 0 240
(Indore for 12 months)
March 31, 2018 Interest Expense E up 1320 Dr 1320 0
Interest Expense Payable L up 1320 Cr 0 1320
(Interest Expense for Development Loan - Delhi Site and House)
March 31, 2018 Supervisor fee E up 500 Dr 500 0
Supervisor fee Payable L up 500 Cr 0 500
(Salary for March)
March 31, 2018 Income Tax Expense E up 5742 Dr 5742 0
Income Tax Payable L up 5742 Cr 0 5742
(Income Tax @ 30%)
 Yadav Housing Pvt Ltd
General Ledger
For the year ended March 31,2018
Cash
Date Explanation (only if requried) Debit Credit Balance
April 01, 2017 Equity Investment 15,000 - 15,000
April 01, 2017 Promotor Loan 10,000 - 25,000
April 01, 2017 Land Investment - 1,500 23,500
April 01, 2017 Property Investment - 2,000 21,500
April 30, 2017 Lodging Income 3,000 - 24,500
May 01, 2017 Supervisor Fees - 500 24,000
May 01, 2017 Lodging Income 1,500 - 25,500
May 15, 2017 Land Investment - 3,500 22,000
June 01, 2017 Supervisor Fees - 500 21,500
June 01, 2017 Commission Income 1,000 - 22,500
June 30, 2017 Commission Expenses - 3,000 19,500
July 01, 2017 Supervisor Fees - 500 19,000
August 01, 2017 Supervisor Fees - 500 18,500
August 01, 2017 Commission Income 3,000 - 21,500
September 01, 2017 Supervisor Fees - 500 21,000
September 15, 2017 Land Investment - 5,500 15,500
September 30, 2017 Lodging Income 3,000 - 18,500
October 01, 2017 Supervisor Fees - 500 18,000
October 31, 2017 Management Fees 20,000 - 38,000
November 01, 2017 Supervisor Fees - 500 37,500
November 30, 2017 Lodging Income 3,000 - 40,500
December 01, 2017 Supervisor Fees - 500 40,000
December 01, 2017 Jail Fine - 1,000 39,000
January 01, 2018 Supervisor Fees - 500 38,500
January 01, 2018 Commission Income 1,000 - 39,500
January 15, 2018 Traveling Expenses - 2,000 37,500
January 31, 2018 Commission Expenses - 1,000 36,500
February 01, 2018 Supervisor Fees - 500 36,000
March 01, 2018 Supervisor Fees - 500 35,500
March 01, 2018 Prepaid Insurance - 1,200 34,300
March 31, 2018 Advanced Lodging Expense 5,000 - 39,300
39,300

Equity Capital
Date Explanation Debit Credit Balance
April 01, 2017 Invested Cash 0 15,000 (15,000)
(15,000)

Borrowing: Promoter
Date Explanation Debit Credit Balance
April 01, 2017 Interest Free loan from Self 0 10,000 (10,000)
(10,000)

Borrowing from State Govt

Date Explanation Debit Credit Balance
April 01, 2017 Development Loan @12% p.a., payable after 5 yrs 0 11,000 (11,000)
(11,000)
Bank
Date Explanation Debit Credit Balance
March 01, 2017 Development Loan @12% p.a., payable after 5 yrs 11,000 - 11,000
March 01, 2017 Bought Site + Built House- Delhi - 11,000 -
0

Site/Land
Date Explanation Debit Credit Balance
April 01, 2017 Purchased Land in Delhi on loan 6,000 - 6,000
April 01, 2017 Purchased Land in Indore with Cash 1,500 - 7,500
May 15, 2017 Purchased Best with cash 3,500 - 11,000
September 15, 2018 Purchased Motorboat with cash 5,500 - 16,500
16,500

Property- House
Date Explanation Debit Credit Balance
April 01, 2017 Built house in Delhi on loan 5,000 - 5,000
April 01, 2017 Built house in Indore by cash 2,000 - 7,000
7,000

Lodging Income
Date Explanation Debit Credit Balance
April 30, 2017 From Akash, for Delhi 0 3,000 (3,000)
May 01, 2017 From Srivaishnavi, for Delhi 0 1,500 (4,500)
September 30, 2017 From Siddharth, for Delhi 0 3,000 (7,500)
November 30, 2017 From Srivaishnavi, for Delhi 0 3,000 (10,500)
(10,500)

Supervisor Fees
Date Explanation Debit Credit Balance
May 01, 2017 Salary Expense for April 500 - 500
June 01, 2017 Salary Expense for May 500 - 1,000
July 01, 2017 Salary Expense for June 500 - 1,500
August 01, 2017 Salary Expense for July 500 - 2,000
September 01, 2017 Salary Expense for Aug 500 - 2,500
October 01, 2017 Salary Expense for Sep 500 - 3,000
November 01, 2017 Salary Expense for Oct 500 - 3,500
December 01, 2017 Salary Expense for Nov 500 - 4,000
January 01, 2018 Salary Expense for Dec 500 - 4,500
February 01, 2018 Salary Expense for Jan 500 - 5,000
March 01, 2018 Salary Expense for Feb 500 - 5,500
March 31, 2018 Salary Expense for Mar 500 - 6,000
6,000

Commission Income
Date Explanation Debit Credit Balance
June 01, 2017 From Akash 0 1,000 (1,000)
August 01, 2017 From Akash, Siddharth, Srivaishnavi 0 3,000 (4,000)
January 01, 2018 From Srivaishnavi 0 1,000 (5,000)
(5,000)

Commission Expense
Date Explanation Debit Credit Balance
June 30, 2017 To Akash, Siddharth, Srivaishnavi 3,000 - 3,000
January 31, 2018 To Siddharth 1,000 - 4,000
4,000
Management Income
Date Explanation Debit Credit Balance
October 31, 2017 Management Fee income - 20,000 (20,000)
(20,000)

Prepaid Insurance
Date Explanation Debit Credit Balance
March 01, 2018 Insurance @ 600, 2 houses 1,200 - 1,200
March 31, 2018 Realized Insurance Expense for March - 200 1,000
1,000

Insurance Expense
Date Explanation Debit Credit Balance
March 31, 2018 Insurance for March 200 0 200
200

Penalty Expense
Date Explanation Debit Credit Balance
December 01, 2017 For Jail 1,000 - 1,000
1,000

Traveling Expense
Date Explanation Debit Credit Balance
December 01, 2017 Community Chest Expense 2,000 - 2,000
2,000

Accrued Salary
Date Explanation Debit Credit Balance
March 31, 2018 Accrued salary for March 0 500 500
500

Depreciation Expense
Date Explanation Debit Credit Balance
March 31, 2018 For house in Delhi 600 - 600
March 31, 2018 For house in Indore 240 - 840
840

Acc. Depreciation
Date Explanation Debit Credit Balance
March 31, 2018 For house in Delhi - 600 (600)
March 31, 2018 For house in Indore - 240 (840)
(840)

Unearned Revenue
Date Explanation Debit Credit Balance
March 31, 2018 Advance Lodging - 5,000 (5,000)
(5,000)

Interest Expense
Date Explanation Debit Credit Balance
March 31, 2018 Interest Expense for Dev Loan 1,320 - 1,320
1,320
Interest Expense Payable
Date Explanation Debit Credit Balance
March 31, 2018 Accrued Interest Payable for 1 yr - 1,320 (1,320)
(1,320)

Consultant Fee Expense

Date Explanation Debit Credit Balance
March 31, 2018 For services rendered by them 1,000 - 1,000
1,000

Consultant Fee Payable

Date Explanation Debit Credit Balance
March 31, 2018 Accrued fee payable - 1,000 (1,000)
(1,000)

Income Tax Expense

Date Explanation Debit Credit Balance
March 31, 2018 Income Tax for 2017-18 @ 30% 5,742 - 5,742
5,742

Income Tax Payable

Date Explanation Debit Credit Balance
March 31, 2018 Income Tax for 2017-18 @ 30% - 5,742 (5,742)
(5,742)
 Yadav Housing Pvt Ltd
Statement of Profit & Loss
For Year Ending 31/3/2018

Trial Balance Adjustments Final Trial Balance

Debit Credit Debit Credit Debit Credit

Cash Dr 34,300 - 5,000 - 39,300 -

Equity Capital Cr - 15,000 - - - 15,000
Borrowing: Promoter Cr - 10,000 - - - 10,000
Borrowings State Government Cr - 11,000 - - - 11,000
Site/Land Dr 16,500 - - - 16,500 -
Property: House Dr 7,000 - - - 7,000 -
Lodging Income Cr - 10,500 - - - 10,500
Lodging Expense Dr - - - - - -
Supervisor Fees Dr 5,500 - 500 - 6,000 -
Commission Income Cr - 5,000 - - - 5,000
Commission Expense Dr 4,000 - - - 4,000 -
Income: Management Fees Cr - 20,000 - - - 20,000
Penalty Expense Dr 1,000 - - - 1,000 -
Traveling Expense Dr 2,000 - - - 2,000 -
Prepaid Insurance Dr 1,200 - - 200 1,200 200
Depreciation Dr - - 840 - 840 -
Acc Dep Cr - - - 840 - 840
Insurance Exp Dr - - 200 - 200 -
Consultant Fees Dr - - 1,000 - 1,000 -
Consultant Fees Payable Cr - - - 1,000 - 1,000
Unearned Revenues Cr - - - 5,000 - 5,000
Supervisor Fees Payable Cr - - - 500 - 500
Interest Expense Dr - - 1,320 - 1,320 -
Interest Expense Payable Cr - - - 1,320 - 1,320
Income tax Dr - - 5,742 - 5,742 -
Income Tax Payable Cr - - - 5,742 - 5,742
Net(Rs) 71,500 71,500 14,602 14,602 86,102 86,102
 Yadav Housing Pvt Ltd
Statement of Profit & Loss
For Year Ending 31/3/2018

Income Amount(Rs.)
Lodging Income 10,500
Commission Income 5,000
Management Fees 20,000
Total 35,500

Expenses Amount(Rs.)
Commission Expenses 4,000
Supervisor Fees 6,000
Penalty Expense 1,000
Traveling Expense 2,000
Insurance Exp 200
Consultant Fees 1,000
Depreciation 840
Interest Expense 1,320
Total 16,360

Profit Before tax 19,140

Income Tax @ 30% 5,742
Profit After Tax 13,398
 Yadav Housing Pvt Ltd
Balance Sheet
As on 31/3/2018

Assets

Non Current Assets Amount(Rs)

Land (Sites) 16,500
Property (House) 7,000
Less: Acc Dep 840
Net Property 6,160
Total 22,660

Current Assets Amount(Rs)

Cash 39,300
Prepaid Insurance 1,000
Total 40,300

Net Assets (Rs) 62,960

Equity and Liabilities

Equity Amount(Rs)
Equity Share Capital 15,000
Retained Earnings 13,398
Total 28,398

Non Current Liabilities Amount(Rs)

Borrowings: Promoter 10,000
Borrowings: State Gov. 11,000
Total 21,000

Current Liabilities Amount(Rs)

Consultant Fees Payable 1,000
Unearned Revenues 5,000
Supervisor Fees Payable 500
Interest Expense Payable 1,320
Income Tax Payable 5,742
Total 13,562

Net Equities and Liabilities (Rs) 62,960