Please suggest complete chart of accounts for a car dealer both for the showroom and service.The dealer also deals in used car sales
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Chart of accounts-car dealer
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car dealer new car dealer car purchase ofthe newcar excise duty& vat willapplicable and installation and fitting and insurance&labour service tax will be applicable.
second hand car repairs maintaince & amc service tax applicable
fromthe saleof old car dealerwill get commission and on this commission servicetax applicable
car dealer new car dealer car purchase ofthe newcar excise duty& vat willapplicable and installation and fitting and insurance&labour service tax will be applicable.
second hand car repairs maintaince & amc service tax applicable
fromthe saleof old car dealerwill get commission and on this commission servicetax applicable
| 1 | VEHICLE PURCHASE FROM |
| 2 | VEHICLE PURCHASE FROM CO_DLR |
| 3 | |
| 4 | NEW VEHICLE SALES |
| 5 | CLOSING STOCK |
| 1 | NEW VEHICLE SALES |
| 2 | MGA SALES |
| 3 | EXT WRTY 3RD YEAR |
| 3A | EXT WRTY 4TH YEAR |
| 4 | INSURANCE NEW VEH |
| 4A | INSURANCE NEW VEH.- OD PREM. |
| 5 | INSURANCE RENEWAL |
| 5A | INSURANCE RENEWAL- OD PREM. |
| 6 | RTO |
| 7 | EXCHANGE |
| 8 | AUTOCARD |
| 9 | INHOUSE FINANCE |
| 10 | DEPO CHARGES |
| B | REVENUE |
| 1 | NEW VEHICLE SALES G.P. |
| 2 | MGA SALES MARGIN |
| 3 | MGA (FOC FIGURE IN MINUS) |
| 4 | MGA SALES - INCENTIVE |
| 5 | EXT WRTY 3RD YEAR |
| 6 | EXT WRTY 4TH YEAR |
| 7 | INSURANCE NEW VEHICLE |
| 8 | INSURANCE RENEWAL |
| 9 | RTO MARGIN |
| 10 | FINANCE PAYOUT |
| 11 | DRF |
| 12 | CASH BACK & RIPS SUPPORT |
| 13 | MAC & CONSISTENCY |
| 14 | DEPO CHARGES INCOME |
| 15 | TEFLON OR ANTIRUSHT OR BCB (FOC) |
| 16 | AUTOCARD - INCENTIVE (150/-) |
| 17 | OTHER INCOME (ACTUAL EXCISE) |
| TOTAL REVENUE | |
| PER VEHICLE INCOME | |
| C | INDIRECT EXPENSES |
| Variable Expences | |
| 1 | Event & Adv. Exp. |
| 2 | Incentive |
| 3 | New Car Exp.(Fuel,parking, trp.) |
| 4 | Travelling Exp. |
| 5 | RTO charges |
| 6 | Pool Lifting Charges |
| 7 | Pool Cancelation Charges |
| 8 | POP Charges |
| 9 | Commission Paid (15% on Retail) |
| Total Variable Exp. | |
| Fixed Expences | |
| 1 | Business Promotion Exp. |
| 2 | Bank charges |
| 3 | Conveyence Exp. |
| 4 | Travelling Exp.(Dir.) |
| 5 | Audit Exp. |
| 6 | Electricity |
| 7 | Finance Charges (EMI) |
| 8 | Insurance charges (Trade Prot.) |
| 9 | Petrol & Deisel (Demo) Exp. |
| 10 | Security Exp. |
| 11 | Legal & Professional Fees |
| 12 | Office Exp. |
| 13 | Misc. exp. |
| 14 | Postage & Courier |
| 15 | Printing & Stationery |
| 16 | Rent Exp. |
| 17 | Repaire & Maintance Exp. |
| 18 | Salary & Wages |
| 19 | Directors Remuneration |
| 20 | Staff Welfare Exp. |
| 21 | Telephone & Mobile Exp. |
| 22 | Training Exp. |
| 23 | Xerox & Typing Charges |
| 24 | Water Charges |
| Total Fixed Exp. | |
| Total Indirect Expences | |
| Profit before interest, dep. & amortisation | |
| 25 | Interest (INF) |
| 26 | Interest (TL&Car Loan) |
| 27 | Depreciation |
| 28 | Premlinery & Pre Operating Expences |
| 29 | Provision for Doubtful Recoveries(Amortisation |
| Sub Total | |
|
Nett Profit /Loss
|
|
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