7/28/2019 Format of Trading, Profit & Loss Account, Balance sheet

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Format

In the books of -------------------

Particulars Amount Amount Particulars Amount Amount

To Opening Stock Xxx By SalesLess Return Inwards

Xxx-Xxx Xxx

To PurchasesLess Return Outward

Xxx-Xxx xxx

By Closing Stock Xxx

To WagesAdd Outstanding

Xxx+Xxx xxx

By Gross Loss c/d(transfer to Dr. Side of P&L

a/c)

xxx

To Freight xxx

To Carriage Inwards xxx

To Packing Charges xxx

To Dock dues xxx

To Power Xxx

To Octroi Duty Xxx

To Gas,Water & Electriccharges

Xxx

To Factory Rent,Fule Power xxx

To Customs & Insurance Xxx

To Royalty on Production xxx

To Lorry Hire Xxx

To Manufacturing Exp. Xxx

To Gross Profit c/d(transfer to Cr. Side of P&La/c)

xxx

TOTAL TOTAL

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In the books of ------------------

Profit & Loss A/c For the year ending ---------------------

Dr. Cr.

Particulars Amount Amount Particulars Amount Amount

To Gross Loss b/d

(Transferred from Trading

A/c)

xxx

By Gross Profit b/d

(Transferred from

Trading A/c)

xxx

To Carriage Outward xxx By Commission

earned

xxx

To Rent / Rent Paid xxx By Rent Received xxx

To Rate & Taxes xxx By Interest on Loan

Received xxxTo Printing & Stationery xxx By Interest on

Deposit Received xxx

To Postage Exp./

Postage & Telegram xxx

By Interest on

Investment

Received xxx

To Insurance / Insurance

Premium /

Insurance Paid xxx

By Interest on Fixed

Deposit Received xxx

To Telephone Charges By Interest on

Drawings xxx

To Advertisement xxx By DividendReceived xxx

To Office Maintanence xxx By Discount

Received xxx

To Travelling xxx By Bad Debt

Recovered xxx

To Sundry Exp. xxx By Profit on Sell of

any Asset Xxx

To Sales Exp. xxx By Net Loss

(Transfer to Liabilty

Side OfBalance Sheet

After Capital A/c) xxx

To Office Exp. xxx

To Rpairs xxx

To Audit Fees xxx

To Bank Charges xxx

To Interest

To Office Maintenance xxx

To Interest on Capital xxx

To Discount Allowed xxx

To Interest on Loan xxxTo Commission Paid xxx

7/28/2019 Format of Trading, Profit & Loss Account, Balance sheet

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To Salary

Add Outstanding

xxx

xxx xxx

To General Exp. xxx

To Bad Debts xxx

To Provision for Bad Debts xxx

To DepreciatonOn Plant & Machinery

On Furniture

On Building

xxx

xxx

+ xxx xxx

To Abnormal Loss xxx

To Net Profit

(Transfer to Liabilty Side

Of Balance Sheet

After Capital A/c) xxx

TOTAL TOTAL

7/28/2019 Format of Trading, Profit & Loss Account, Balance sheet

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Balasce Sheet of ----------------

As on ---------------

Liabilities Amount Amount Assets Amount Amount

Capital A/cAdd Interest on

Capital

Add Net Profit

OR

Less Net Loss

Less Drawing

Less Interest on

Drawing

Less Income Tax

xxx

+ xxx

- xxx

- xxx

- xxx

- xxx xxx

Goodwill A/c xxx

General Reserve /

Reserve Fund xxx

Trademark A/c Xxx

Loan / Bank Loan xxx Copyright A/c Xxx

Bank Overdraft xxx Patent A/c Xxx

Mortgage loan xxx Instruments A/c Xxx

Sundry Creditors xxx Plant & Machinery A/c

Less Depriciation

xxx

-xxx Xxx

Bills Payable xxx Furniture & Fixture A/c

Less Depriciation

xxx

-xxx Xxx

Outstanding Exp. xxx Land & Building A/c

Less Depriciation

xxx

-xxx Xxx

Sundry Debtors

Less Provision for

Bad Debt

xxx

-xxx Xxx

Cash in Hand Xxx

Cash at Bank Xxx

Bills Receivable Xxx

Closing Stock xxx

Stock of Stationery xxx

Pre-Paid Exp. Xxx

Business Premises xxx

Fixed Deposit at Bank xxx

Outstanding Income xxxTOTAL TOTAL

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Ledger & Their Groups

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