Trading and profit & loss A/c with different groups & ledger

Trading account (Factorey)

Dr Cr

Ledger group Ledger group

Purchases Purchases account seles Seles account
Credit Purchases Purchases account Credit seles Seles account
Cash Purchases Purchases account Cash sales Seles account
Purchases returns (cr) Purchases account (cr) Sales return(Dr) Seles account (Dr)
Wages ,water, motive Direct expenses Sales of scrap Direct income
Power lightings Direct expenses
Carriage inwards Direct expenses
Manufacturing exp Direct expenses
Fuel, foremen salaries Direct expenses
Pepsi, coke cola Direct expenses
Factory rent Direct expenses
Royalties, octroi Direct expenses
Freight, excise duty Direct expenses
Import, excise duty Direct expenses
Factory expenses Direct expenses
Carriage on purchases Direct expenses

Profit and loss Account (office)

Dr Cr

Ledger group Ledger group

Salaries Indirect expenses Received commission Indirect income
Rent , commission Indirect expenses Received interest Indirect income
Telephone charges Indirect expenses Interest Drawings Indirect income
Carriage outwards Indirect expenses Received rent Indirect income
Interest, insurance Indirect expenses Discount Received
Interest on capital Indirect expenses Discount on Creditors
Interest on loan Indirect expenses Dividends
Bank charges Indirect expenses Interest Received
Electrical charges Indirect expenses Provision for Bad Debts
Printing & stationary Indirect expenses Interest on Investments
Postage stamps Indirect expenses
Audit fee, Rate& Taxes Indirect expenses
Advertisements Indirect expenses
Discount allowed Indirect expenses
Bad debts Indirect expenses
 Legal charges, Repairs Indirect expenses
General expenses Indirect expenses
Traveling charges Indirect expenses
Depreciation Indirect expenses
Reserve for bad Indirect expenses
Petty expenses Indirect expenses
Sundry expenses
Premium
Carriage on sales
Discount on debts
Office
expenses(general)

BALANCE SHEET

LIABILITES ASSETS

Ledger group Ledger group

Capital Capital SBI,AB,ICICIHDFC.bank Bank account
creditors Sundry creditors Cash in Hand Cash A/c
Bank OD Bank OD Machinery Fixed asset
Bills payable Current liability Furniture Fixed asset
Provision Provision Land Fixed asset
Outstanding expenses Current liability Building Fixed asset
Drawings Capital (DR) Business premises Fixed asset
Prepaid income Current liability Loose Tools Fixed asset
Loan Loan( Liability) Debtors Sundry debtors
Reserve Fund Reserves and surplus Patents Current asset
Bank OCC (Open Cash Bank OCC Bills receivable Current asset
Credit)
Input vat Duties taxes Prepaid expenses Current asset
Output vat Duties taxes Good will Current asset
TDS, TCS, ST, CST.FBT Duties taxes Outstanding income Current asset
GST Duties taxes Loan & Advance Current asset
(CGST,SGST,IGST,UTGST
)
Stock Stock in hand
Investment Investment