Dubai Textile Company

Opening Balances
As 01-01-2016

S.No Particulars Debit Credit

100 Emirates NBD 800,000
101 Noor Islamic Bank 2,500,000
102 Dubai Islamic Bank (500,000)
103 Cash in Hand 4,400,000
104 H.K. Textile 550,000
105 J.J Textile Mill 600,000
106 Acer Cloth Industry 200,000
107 Sheikh Anyatullah Clothes 300,000
108 Inventory 2,267,500
109 Rent Security 300,000
110 Deferred Expenses 2,000,000
111 Dewa Security 500,000
112 Long term Investment 3,850,000
113 Machinery 7,500,000
200 Acc.Dep of Machinery 250,000
201 Motor Vehicles 10,000,000
202 Acc. Dep of Motor Vehicles 550,000
203 Furniture & Fixture 1,200,000
204 Acc. Dep of Furniture & Fixture 125,000
205 Office Equipment 1,500,000
206 Acc.Dep of Office Equipment 300,000
207 Land & Building 25,000,000
208 Acc.Dep of Land & Building 250,000
209 Al-Murtaza & Sons 270,000
210 Waheed & Sons 277,500
211 Sitara Textile 495,000
212 Accrued Expenses 200,000
213 Unclaimed Dividend 750,000
214 Sales Tax Payable 175,000
215 Interest Accrued on Long term Loans 525,000
216 General Reserves 1,000,000
217 Owners Capital 57,800,000

62,967,500 62,967,500

63,467,500
 Dates
1/1/2016
2/1/2016

4/1/2016

6/1/2016
8/1/2016
15/1/2016
12/1/2016
1/13/2016
1/14/2016
1/14/2016
1/16/2016
5/1/2016

1/18/2016
1/19/2016
1/19/2016
1/20/2016
1/20/2016
1/22/2016
1/22/2016
1/25/2016
1/28/2016
1/29/2016

1/2/2016
5/2/2016
5/2/2016
8/2/2016

9/2/2016
15/2/2016
2/15/2016
2/17/2016
2/18/2016
2/19/2016
2/20/2016
2/21/2016
2/22/2016
2/23/2016
2/24/2016
2/25/2016
2/26/2016

2/27/2016
2/28/2016
1/3/2016
3/3/2016
4/3/2016
4/3/2016
5/3/2016
6/3/2016
6/3/2016
8/3/2016
15/3/2016
12/3/2016
12/3/2016
3/13/2016
3/14/2016
3/15/2016
3/15/2016
3/16/2016
3/20/2016
3/25/2016

3/25/2016
 Particulars
Accured Expenses paid on cash
Given an order of cloth B to Sitara textile 20,000 meter@150 each
P.O # 124
Given an order of 70,000@ Button shirts to Mr. Ali & sons
P.O # 125
Cloth A purchased on cash (15,000 meter @ 150/meter
Cloth A purchased from Freed Textile (3000 meter@ 150)
Received 12,000 meter Cloth B from Sitara Textile against P.o # 124
Zips purchased on cash(3,000@15/each)
Thread Purchased on Cash (11,000@15 Cone)
Bukram purchased on cash (5,000@15 meter
Received shipment P.O # 125 from Ali & Sons
Buttons(Pants) purchased from Ali & Sons (5000@5 Each)
Receive a sale order from Mr. Sh. Anayatullah 4000 shirts @ 400
and 2500 pants @ 500 (S.O # 24)
Receive a sale order from H.K textile 6000 pants @ 500 (S.O # 25)
Receive a sale order from M/S Pace 2000 Shirts @ 450 ( S.O # 26)
Cash drawn from Emirates NBD
Cash reeived from H.K Textile
Cash received from J.J Textile Mill
Cash received from Acer Cloth Industry
Dyeing charges paid through cash
Dyeing charges from Shafi Dyeing
Dyeing charges paid through cash from Asad dyeing
Advance receives from M/S Sohail Butt Rs.400,000 in cash and also
a sale order of 2000 shirts @ 400 each
Conveyannce charges paid through bank Noor Islamic Bank
Repair & Maintanance charges paid through Bank Noor islamic bank
Vehicle repair through Emirates NBD
Suzuki pickup purchased through Noor Islamic Bank from
M/S Pak Suzuki Motors
Joki Machine purchased on cash from M/S Japan Electronics
Salaries paid on cash
Wages paid on cash
Telephone bill (Direct) paid on cash
Telephone bill (In Direct) paid on cash
Rent ( In direct ) on cash
Electricity (Direct) paid on cash
Electricity (In Direct) paid on cash
Bad Debts from J.J Textile
Garments sold on cash 2000 shirts @ 400 each
Garments sold to H.K textile 6000 pants @ 500 each against Order # 25
Garments sold to J.J Textile 5000 shirts @ 400 each
Garments sold to Sheikh Anayatullah 3000 shirts @ 400 each,
2500 pants @ 500 each against order # 24
Payment received from Sheih Anayatullah in cash
Payment paid to Waheed and Sons through Emirates NBD
Payment To Al-Murtaza through Emirates NBD
Computer purchased on cash from M/S Techno Computer Hafiz centre
Overdraft reduced through cash
Sale Cloth A on cash 5000 metre @ 175
Entertainment paid through cash
Sales commission paid through cash
Purchases return to sitara textile Cloth b 500 meter @ 150 Each
Sales return from J.J Textile 200 Shirts @ 400 each
Paid for Fuel & Power
Packing expenses paid through cash
Travelling expenses paid through cash
Advertisment expenses paid through cash
Cash with drawn for personal use
Sales tax paid through Noor Islamic Bank
500 Buttons shirts damages during this month
Accured Expenses paid through Noor Islamic Bank
Dividend paid through Noor Islamic Bank
1 Mouse @ 120 and 1 Keyboard @ 250 is purchased
from Techno Computers
Transfer the following utility bills accrued expenses
Electricity Direct
Electricity In Direct
Rent
Salaris Dr
Telephone Bill Direct
Telephone Bill Indirect Direct
 AED
200,000

3,000,000

70,000
1,500,000
3,000,000
1,800,000
45,000
115,000
50,000
60,000
25,000

2,850,000
3,000,000
900,000
225,000
120,000
300,000
175,000
15,000
25,000
5,000

800,000
5,000
55,000
7,500

50,000
120,000
500,000
650,000
56,000
25,000
 125,000
35,000
85,000
50,000
800,000
3,000,000
2,000,000

2,450,000
950,000
175,000
150,000
18,000
250,000
875,000
15,000
150,000
75,000
80,000
75,000
60,000
12,000
125,000
150,000
5,000
500
20,000
50,000

370

15,000
5,000
25,000
50,000
60,000
25,000
 Dubai Textile Company
Customer Details
As 01-01-2015

Customers Details

1 H.K Textile
Contact Name Mr.Asad
Tel 6665566
Tel 2 6665561
Address Walton Road

2 J.J Textile Mill

Contact Name Mr.Amir Shabir
Tel 7285565
Tel 2 7286555
Address Bond Street

3 Acer Cloth Industry

Contact Name Mr.Shahid Mahmood
Tel 7788254
Tel 2 7788025
Address Ravi Road

4 Sheikh Anayatullah Clothes

Contact Name Mr.Mohsin
Tel 5454556
Tel 2 5754555
Address Liberty Market
 Dubai Textile Company
Vendors Details
As 01-01-2015

Vendors Details

1 Al-Murtaza & Sons

Contact Name Mr.Bakir
Tel 6641857
Tel 2 6664485
Address Sarwar Market

2 Waheed & Sons

Contact Name Mr.Amjad
Tel 6855415
Tel 2 6625252
Address Old Kent Road

3 Sitara Textile
Contact Name Mr. Rehan Malik
Tel 6654545
Tel 2 6625253
Address Cavalry Ground

4 Asad Dyeing
Contact Name Mr. Asad
Tel 5757554
Tel 2 5757554
Address Liberty Market

5 Shafi Dyeing
Contact Name Mr. Nasir
Tel 7272889
Tel 2 7272890
Address Live Metro Station
 Dubai Textile Company
Inventory Detail
As 01-01-2015

Particulars Unit Unit Cost Shirts Pants

Measurement Bill of Material Bill of Material

Cloth A Meter 100 2 -

Cloth B Meter 150 - 2
Bukhrum Meter 10 1 1
Thread Cone 10 1 1
Zips Each 15 - 1
Buttons (Shirts) Each 1 8 -
Buttons ( Pants) Each 5 - -

Inventory Opening Balances

Items Units Cost Total

Cloth A 8,000 100 800,000
Cloth B 7,000 150 1,050,000
Bukhrum 15,000 10 150,000
Thread 10,000 10 100,000
Zips 7,500 15 112,500
Buttons (Shirts) 30,000 1 30,000
Buttons ( Pants) 5,000 5 25,000

2,267,500

Assemblies
Shirts Pants

Opening Bal 500 500

Total Assembly 1,000 1,000
Material