This case is in continuation of Mini Case 2.6 of Chapter 2, on Ram Traders Limited and his chilli business. Please present the financial statements of Ram Traders as a Joint Stock Company with relevant notes to accounts as per Schedule III of the Companies Act, 2013.

Data from Chapter 2, Mini Case 2.6

Ram decides to start a business in the local vegetable market of Jamshedpur. The case below is completely based on your roll number (Z being the last three digits of your roll number) and day of birth (Y) as per your records.

Example 1: If your roll number is FB15008 and Date of Birth is 22-Jun-1748 then Z will be ‘008’ and Y will be ‘22’.

Example 2: If your roll number is O15023 and Date of Birth is 29-Feb.-2008 then Z will be ‘023’ and Y will be ‘29’.

Example 3: If your roll number is BM15209 and Date of Birth is 01-Dec-1899 then Z will be ‘209’ and Y will be ‘01’.

We provide the transactions and events against each date for Ram Traders below. You are required to prepare the position statement of the organization.

Based on the details above, please prepare the financial position as on 30th June. Please fill the table below.

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Cost of goods sold Gross profit Personnel expenses Depreciation Other expenses Operating profit Interest Profit before taxes Income tax provision Net profit after tax Debit Schedule 3 4 5 01. 6 7 Tools India Ltd. Profit and Loss Account for the year ended December 31, 2015 Amount 130 130 260 49 11 28 42 130 12 30 42 12 18 30 Sales net Other income Gross profit Operating income Profit before taxes Credit Schedule 1 2 ILLUSTRATION 3.9 All figures in crores Amount 255 5 260 130 130 42 42 30 30