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May 26, 2015

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presentation on financial and accounting details of the business enterprice
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Name of the Enterprise - Subashini Fancy Store.

Owner of the Enterprise- Mr.S.Thirunavukkrasu.

Celebrating its 25th anniversary this year.

Know for its Quality and cheaper price. More verities of products.

Enterprise profile

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Business Timing 9am to 9pm.

Goods Purchased from local dealers, chennai dealers and banglour.

Purchasing on credit and repayment will done on every Saturday.

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Fancy and covering jewelsFancy and covering jewels

All Cosmetics productsAll Cosmetics products

Toys and GiftsToys and Gifts

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Direct Interaction with the owner.

survey on bills paid by the owner.

Collection of Data?Collection of Data?Collection of Data?Collection of Data?

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Improper accounting methods are followed.

Rough entry in a Diary.

Bills are paid on daily entry system at the back of the bill.

Expenses are noted in a separate note book.

No stock taking .

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Followed single entry system till 1993.Followed single entry system till 1993. Law fact: No need to pay Tax for the business Law fact: No need to pay Tax for the business

which has less than 3lakhs turn over per which has less than 3lakhs turn over per Annam.Annam.

Cost spend on accouters is reduced. Cost spend on accouters is reduced. No space for modernizing the system.No space for modernizing the system.

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