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    Trading Profit and Loss Account Sales Account

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    Prudhvi Saranya Akula
    This document contains templates for accounting documents including a profit and loss account, balance sheet, and lists of income and expense categories. The profit and loss account tracks sales, purchases, direct expenses, direct and indirect income, and indirect expenses. The balance sheet outlines asset and liability accounts including capital, reserves and surplus, loans, current liabilities, fixed assets, investments, and current assets such as cash, debtors, and stock.

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    Trading Profit and Loss Account Sales Account

    Uploaded by

    Prudhvi Saranya Akula
    22 views3 pages
    This document contains templates for accounting documents including a profit and loss account, balance sheet, and lists of income and expense categories. The profit and loss account tracks sales, purchases, direct expenses, direct and indirect income, and indirect expenses. The balance sheet outlines asset and liability accounts including capital, reserves and surplus, loans, current liabilities, fixed assets, investments, and current assets such as cash, debtors, and stock.

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    This document contains templates for accounting documents including a profit and loss account, balance sheet, and lists of income and expense categories. The profit and loss account tracks sales, purchases, direct expenses, direct and indirect income, and indirect expenses. The balance sheet outlines asset and liability accounts including capital, reserves and surplus, loans, current liabilities, fixed assets, investments, and current assets such as cash, debtors, and stock.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    22 views3 pages

    Trading Profit and Loss Account Sales Account

    Uploaded by

    Prudhvi Saranya Akula
    This document contains templates for accounting documents including a profit and loss account, balance sheet, and lists of income and expense categories. The profit and loss account tracks sales, purchases, direct expenses, direct and indirect income, and indirect expenses. The balance sheet outlines asset and liability accounts including capital, reserves and surplus, loans, current liabilities, fixed assets, investments, and current assets such as cash, debtors, and stock.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 3

    DIVYA TECHNOLOGIES, CHALLAPALLI PH: 9440661764, 9885799984

    Trading Profit and Loss Account


    Sales Account
    Credit Sales
    Cash Sales
    Sales Returns
    Purchase Account
    Cash Purchase
    Credit Purchase
    Purchase Returns
    Direct Expenses
    Wages
    Manufacturing Expenses
    Fuel
    Factory Rent
    Factory Current
    Power, Electricity and Water
    Direct Income
    Sales and Scrap
    Indirect Income
    Commission Received
    Interest Received
    Rent Received
    Dividend Received
    Miscellaneous Income
    Income from Investments
    Profit on sales to assets
    Bad Debits recovered
    Discount Received
    Indirect Expenses
    Salaries and Wages
    Administrative Expenses
    Rent Paid
    Rent and Taxes
    Carriage out ward
    Audit Fees
    Legal Expenses
    Postage and Telegrams
    Entertainment Expenses
    Advertisement Expenses
    Travelling Expenses
    Insurance
    Repairs and maintenance
    Printing and Stationary
    General Expenses
    Packing Expenses
    Fright Expenses

    Professional Expenses
    Miscellaneous Expenses
    Sundry Expenses
    Telephone Expenses
    Interest on Loan
    Depreciation
    Bad Debits
    Discount Allowed
    Brokerage Expenses
    Commission to Sales man
    Cash Loss by Embezzlement
    Balance Sheet
    Liabilities
    Capital
    Owners Capital
    Partners Capital
    Share Capital
    Drawings
    Reserves and Surplus
    General Reserve
    Capital Reserve
    Share Premium Account
    Premium on issue of debentures
    Debenture Redemption Reserve
    Loans ( Liability )
    Loan taken by sole trader or form or
    Company
    Loan taken by sole trader form or
    company ,Mortgage
    Loan
    Bank overdraft Accounts
    Bank overdrafts

    Secured Loans
    Any Property given as Security
    Unsecured Loans
    7.Current Liabilities
    All outstanding Liabilities
    Income tax payable
    Income received in advance
    Advance received from Customers
    Current Liabilities sub heading
    A)Duties and Taxes
    B)Provisions

    Provision for Depreciation


    Provisions for bad debits
    C)Sundry Creditors
    Sundry Creditors
    Bills Payable
    Assets
    Fixed Assets
    Land
    Plant and machinery
    Buildings
    Furniture
    Motor vehicles
    Computers
    Good will
    Investments
    Investments with other companies

    Current Assets
    a) Bank accounts
    b) Cash in hand
    c) Loans and advances(assets)
    Prepaid salary and other expenses
    Advance to suppliers
    Advance tax paid
    d)Stock in hand
    Opening Stock
    Closing Stock
    e)Sundry Debtors

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