abhinav project

21
CREATED BY:- ABHINAV KUMAR GOSWAMI ROLL NO- 2 XI C KPS KADMA

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CREATED BY:-ABHINAV KUMAR GOSWAMI

ROLL NO- 2

XI C

KPS KADMA

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:-

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.

FOR BULK PURCHASE

ENQUIRYQUATATIONORDEREXEQUTION OF

ORDERDELIVERY OF

GOODSPAYMENT

SINGLE ITEM PURCHASE

ENQUIRY

SELECTION OF PRODUCT

PAYMENT OR PARTELY PAYMENT

HOME DELIVERY

PARTICULARS Dr (2009) Dr (2010) Cr (2009) Cr (2010)

Opening stock 80000 100000

land & building 60000 60000

Plant &

machinery

60000 60000

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

outward

4000 3000

advertisement 6000 5000

PARTICULAR

S

AMOUNT PARTICULAR

S

AMOUNT

To opening

stock

180000 By sales 359000 329000

To purchase 54000 11500 - Sales return 30000

- Purchase

return

42500 By closing

stock

102500

To wages 7000

To carriage

inward

4000

To gross

profit

229000

431500 431500

To salaries 21000 By gross 229000

LIABILITIES AMOUNT ASSET AMOUNT

CAPITAL

ACCOUNT

FIXED ASSET

capital 420000 land &

building

120000

+net profit 103000 Plant &

machinery

120000

-drawings 36000 487000 furniture 80000

Motor van 100000

LONG TERM

LIABILITIES

Lose tools 8000

Long term

Loan

110000

Bank o/d 10000 CURRENT

ASSET

CURRENT Cash at bank 14000

Sales

SALARY

WAGES

CARRIAGE INWARD

ADVERTISMENT

COMMISION PAID

RENT PAID

PURCHASES

PARTICULARS Dr (2011) Dr (2012) Cr (2011) Cr (2012)

Opening stock 40000 110000

land & building 70000 70000

Plant &

machinery

70000 70000

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

Carriage 14000 13000

PARTICULARS AMOUNT PARTICULAR

S

AMOUNT

To opening

stock

150000 By sales 419000 379000

To purchase 94000 31500 - Sales

return

40000

- Purchase

return

62500 By closing

stock

122500

To wages 27000

To carriage

inward

24000

To gross profit 269000

501500 501500

To salaries 41000 By gross

profit

269000

LIABILITIES AMOUNT ASSET AMOUNT

CAPITAL

ACCOUNT

FIXED ASSET

capital 440000 land &

building

140000

+net profit 18000 Plant &

machinery

140000

-drawings 54000 404000 furniture 100000

Motor van 100000

LONG TERM

LIABILITIES

Lose tools 28000

Long term

Loan

230000

Bank o/d 53000 CURRENT

ASSET

CURRENT

LIABALITIES

Cash at bank 94000

SALARY

WAGES

CARRIAGE INWARD

ADVERTISMENT

COMISSION PAID

RENT

PURCHASE

0

0.5

1

1.5

2

2.5

3

2

0

0

9

2

0

1

0

2

0

1

1

2

0

1

2

RS

120000

RS

239000

RS

289000

RS

289000

Series 1

2009

AND

2010 2011

AND

2012

RS

18000

RS

103000

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

INCREASE OF SALE 25% IN 2011 & 2012:-

379000*25%=94750

94750+379000=473750

INCREASE IN INDIRECT EXPENSE BY 20%:-

SALARY- 41000

RENT - 60000

CARRIAGE OUTWARD-20000

ADVERTISMENT- 31000

COMISSION PAID- 32000

184000

INCREASEBY 20%=220800

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.

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.

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.