Chart of accounts-car dealer

A/c entries 1032 views 3 replies

Please suggest complete chart of accounts for a car dealer both for the showroom and service.The dealer also deals in used car sales

Replies (3)

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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