PROFIT AND LOSS ACCOUNT

For the year ended ..

ParticularsAmountParticularsAmount

To Gross Loss transferred from Trading a/cxxBy Gross Profit transferred from Trading a/cxx

To salariesxxBy discount receivedxx

To rent, rates & taxesxxBy commission earnedxx

To stationery & printingxxBy interestxx

To postage & telegramsxxBy bad debts recoveredxx

To audit feesxxBy Income from Investmentxx

To legal chargesxxBy Dividend on sharesxx

To insurance premiumxxBy Misc. revenue gainsxx

To telephone expensesxxBy income from any other sourcexx

To Business Promotion exp.xxBy Net loss transferred to Capital a/cxx

To repairs & renewalsxx

To depreciationxx

To interestxx

To Sundry expensesxx

To Conveyancexx

To bank chargesxx

To establishment expensesxx

To car running & maintenancexx

To electricity expensesxx

To loss by fire/theftxx

To commissionxx

To advertisementxx

To freight & carriage outwardxx

To discount allowedxx

To travelling expensesxx

To bad debtsxx

To Net Profit transferred to Capital a/cxx

xxxxXxxx