Profit & Loss as at         Sample Accounts under each groups
AccountType AccountGroup (As per GAAP) AccSubGroup/Analysisgroup Simulation1 Simulation 2 Account1 Account2 Account3 Account4 Account5 Account6 Account7 Account8 Account9 Account10 Account11 Account12
Income Sales Product Sales 10 3000 Sales 5% VAT Sales 15% VAT Sales 0% VAT Exports
Services Sales 4 1000 Services 0% Services 12%
Other Sales 8 1000 AMC Commissions purch returns
Direct Income 22 5000
Expenses Less: Cost of Sales / Manufacturing Opstock 0 0
Purchase 5 1200 Purchase 5% Purchase 15% Freight ImportDuty TransporterCharges
Cl Stock 0 100 Consumption A/C
Cost of Materials used 5 1300
Labour Costs 2 0 Salary of Operators Service Purchase Labour Subcontract
Manufacturing Overhead 1 0 Other Manufac Overheads Building Maintenance Depr of Plant and Equip Machinery & Tool Maintenance Property Insurance Property Taxes
Cost of Goods Sold/Manufactured  8 1300
Gross Profit 14 3700
Expense Selling, General and Admin Expenses Sales and Marketing Expenses 2 100 Printing & Stationary Communication Internet Subscriptions Post&Courier Demo Expenses
General and Administrative Expenses 1 200 Office  Entertainment Repairs&Maintenance Memberships Staff welfare Electricity
Direct Expenses 3 300
Operating Profit (EBIDTA) 11 3400
Income Add: Interest, Depr & Amortization
Interest 1 200 Bank Interest FD Interest Customer Paid Interest
Depreciation & Amortization 1 200 Depreciation Amortization
Indirect Income 2 400
Operating Profit after Interest, Depreciation & Amortization 13 3800
Income Add: Other Income Other Income 1 300 Rent
Other Income 1 300
Expenses Sub: Indirect Expenses
Loss on sale/provision for investments 1 200 Mutual Fund Loss
Provision for contigencies 1 200 Contigencies Provisions
Provision for e-inventing the company 1 200 e-inventing Provisions
Indirect Expenses 3 600
Profit before tax and extraordinary items 11 3500
Expenses Sub: Provisional Expenses
Provision for tax - earlier period 0 300 Provision for tax - earlier period
Provision for tax - current period 1 360 Provision for tax - current period
Provisional Expenses 1 660
Profit after tax from ordinary activities 10 2840
Income Add: Tax free Income
Extraordinary tax free income 3 200 Farming
Tax free Income 3 200
Net Profit 13 3040
Balance Sheet as at       
Sources of Funds Shareholder's Funds Share Capital 7 0
Liability Owners Equity Owner's investment Founders Angel Investor Directors Employees Venture capital PrivatePlacement QIBs Public
Reserves & Surplus
Retained earnings 94 0 Earnings FY1 Earnings FY2 Earnings FY3
Profit and Loss 13 3040 Profit and Loss
Loan Funds Secured Loans 0 0
Liability Long Term Liabilities Long-term debt 5 year Term Loan
Unsecured Loans 0 0
Deferred taxes Deferred income tax
Other Loans from Directors
Total Sources of Funds 114 3040
Application of Funds Fixed Assets Original Costs 71 0
Assets Fixed Assets Property, plant, and equipment Land Building Vehicals PCs/Mobiles Softwares Office Equip Furniture Machines
Intangible assets Knowhow Copyright Trademark Patent
Less: Depreciation & Amortization 25 0
Liability Depreciation (Less accumulated depreciation) Accumulated Depreciation Accumulated Amortization
Net book value 46 0
Assets Add Capital-work-in process 7 0 Factory under construction Office under construction Software under development
Total Fixed Assets 53 0
Investment Long-term investments 5 0 3 Year Mutual Fund
Assets Long-term investments
Deffered Tax Assets Misc. Expenses (Other Assets) 1 0 Deferred Tax Liability
Assets Misc. Expenses (Other Assets)
Current Assets, Loans & Advances Inventories 0 0
Assets Current Assets Stock in Hand FG Stock WIP Stock RM Stock
Sundry Debtors 18 1480
Accounts receivable Customer 1 Customer 2 Customer 3 Customer 4 Customer 5 Customer6 Customer7 Customer8
Cash & Bank Balances 14 2500
Bank/Cash Cash on Hand Bank1 Bank2 Bank3
Loans & Advances 38 0
Short-term investments 3 month FD 1 year FD EMPLOYEE LOAN
Prepaid expenses Advances to Suppliers
Total Current Assets 70 3980
Less: Current Liabilities Sundry Creditors 3 50
Liability Current Liability Accounts payable 190 Supplier 1 Supplier 2 Supplier 3 Supplier 3 Supplier 4 Supplier 5
Credit Balance
Short-term loans Bank OD
Accrued salaries and wages Leave Encash Bonuses Security Deposit Accrued Salary
Unearned revenue Refund to customer
Current portion of long-term debt Current portion of long-term debt
Duties & Taxes
Taxes payable 0 50 VAT 5% VAT 15% ST 0% ST 12% CST HS Edu Cess S Edu Cess PLA RG23 A RG23 C TDS FBT
Less: Provisions Provisions 10
Liability Provisions Provisions for unpaid taxes 12 0 VAT Provisions ExciseDuty Provisions TDS Provisions FBT Provisions CST Provisions ST Provisions IT Provisions
Provisions for suppliers 0 0 Supplier Controlling Freight Controlling
Total Current Liabilities 15 300
Net current Assets Total Working Capital 55 3680
Total Application of Funds 114 3680
Common Financial Ratios
Debt Ratio (Total Liabilities / Total Assets)   Accounts in bold indicates it needs to be created in ERP, others are pre-defined in ERP.
Current Ratio (Current Assets / Current Liabilities)  
Working Capital (Current Assets - Current Liabilities)  
Assets-to-Equity Ratio (Total Assets / Owner's Equity)  
Debt-to-Equity Ratio (Total Liabilities / Owner's Equity)  
3380