Trading and Profit & Loss A/c

Dr. for the year ended __________ Cr.

To Opening Stock
To Purchases
Particulars

Less: Purchase Returns or Returns outward

XXX
(XXX)
Amount
(Rs.)

XXX By Sales

XXX
Particulars

Less: Sales Returns or Returns inwards

A D
XXX
(XXX)
Amount
(Rs.)

XXX

To Wages
To Wages & Salaries
To Direct Expenses
To Carriage
XXX
XXX
XXX
K
XXX By Closing Stock

K
XXX

A
To Carriage inwards XXX
To Carriage on Purchase XXX
To Gas, Fuel and Power XXX

K
To Freight XXX
To Manufacturing Expenses XXX
To Productivity Expenses XXX

T
To Factory Expenses XXX
(such as Factory Lighting Factory Rent etc.)
To Dock Charges and Clearing charges XXX

E
To Import Duty or Custom duty XXX
To Royalty XXX

E
To Gross Profit c/d (Balancing Figure) XXX By Gross Loss c/d (Balancing Figure) XXX
(Transferred to P&L A/c) (Transferred to P&L A/c)

J XXX XXX

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 Trading and Profit & Loss A/c
Dr. for the year ended __________ Cr.

By Gross Loss b/d

Particulars

(Transferred from Trading A/c)

Amount
(Rs.)

XXX By Gross Profit b/d

Particulars

(Transferred from Trading A/c)

A D
Amount
(Rs.)

XXX

K
Admin & Office Expenses: Indirect Incomes:
To Salaries XXX By Rent from Tenant By Rent (Cr.) XXX

K
To Salaries & Wages XXX By Discount received or discount (Cr.) XXX
To Rent, Rates & Taxes XXX By Commission Received XXX
To Printing & Stationery XXX By Interest on Investments XXX

A
To Postage & Telegram XXX By Dividend received on Shares XXX
To Lighting XXX By Bad-Debts Recovered XXX
To Insurance Premium XXX By Apprentice Premium XXX

K
To Telephone Charges XXX By Profit on sale of Assets XXX
To Legal Charges XXX By Income from other Sources XXX
To Audit Fees XXX By Miscellaneous Receipts XXX

T
To Travelling Expenses XXX
To Establishment Expenses XXX
To Trade Expenses XXX

E
To General Expenses XXX

Selling & Distribution Expenses:

E
To Carriage Outwards, or Carriage on Sales XXX
To Advertisement XXX

J
To Commission XXX
To Brokerage XXX
To Bad-debts XXX

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 Trading and Profit & Loss A/c
Dr. for the year ended __________ Cr.

To Export Duty
To Packing charges
To Delivery Van Expenses
Particulars
Amount
(Rs.)

XXX
XXX
XXX
Particulars

A D
Amount
(Rs.)

Miscellaneous Expenses:
To Discount
To Repairs
To Depreciation
XXX
XXX
XXX

KK
A
To Interest (Dr.) XXX
To Bank Charges XXX
To Entertainment Expenses XXX

K
To Conveyance Expenses XXX
To Donation and Charity XXX
To Loss on Sale of Assets XXX

To Net Profit (Balancing Figure)

(Transferred to Capital A/c)

E T XXX By Net Loss (Balancing Figure)

XXX
(Transferred to Capital A/c)
XXX

XXX

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 Balance Sheet
as at ________

Capital:
Opening Capital
Add: Additions to Capital
Liabilities

XXX
XXX
Amount
(Rs.)

Non-Current Assets:
Assets

Opening Balance of Fixed Assets

Less: Depreciation on Fixed Assets

A D
XXX
(XXX)
Amount
(Rs.)

XXX

K
Add: Net Profit XXX
XXX Long-term Investments XXX

K
Less: Drawings/Withdrawals from Capital (XXX)
Less: Net Loss (if any) (XXX) XXX Current Assets:
Cash-in-hand XXX

A
Reserves (if any) XXX Cash-at-Bank XXX
Bills Receivable XXX
Non-Current Liabilities: Trade Receivables XXX

K
Long-term Loans XXX Sundry Debtors XXX
Long-term Provisions XXX Closing Stock / Inventories XXX
Short-term Investments XXX

T
Current Liabilities: Prepaid Expenses XXX
Bank Overdraft XXX Accrued Incomes XXX
Cash Credit XXX

E
Bills Payable XXX
Trade Payables XXX
Sundry Creditors XXX

E
Outstanding Expenses XXX
Unearned Incomes, or Advance Incomes XXX

J XXXX XXXX

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