Please suggest complete chart of accounts for a car dealer both for the showroom and service.The dealer also deals in used car sales
3 Replies
sesha
(accounts executive)
(1101 Points)
Replied 30 March 2015
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
sesha
(accounts executive)
(1101 Points)
Replied 30 March 2015
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
CA Yogesh Chaturvedi
(Y K Chaturvedi & Co. Vasai West)
(29 Points)
Replied 03 April 2015
| 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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