Proforma of Trading Account Trading Account (for the year ending)

Particulars To opening stock or Stock in the beginning or To Stock: Raw material Work in progress Finished goods To Purchases Less: Purchases return or Returns outward To Carriage or cartage or Carriage on purchases To Octrol or local taxes To Import duty, customs, landing charges, clearing charges To wages or productive wage or manufacturing wages or direct wages or wages and salaries To Coal gas and water To Fuel To power or motive power To manufacturing expenses To consumable stores To packing charges To manufacturing expenses To Direct expenses To Factory expenses To Productive expenses To Royalty To Gross Profit (If credit side exceeds the debit side)

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Particulars By Sales Less: Sales return or Returns inward By Closing stock or Stock at the end of the year

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By Stock: Raw material.. Work in progress Finished goods By Gross loss (IF debit side exceeds the credit side)

Proforma of Profit & Loss Account

Particulars To Gross loss-transferred from trading Account To Salaries or salaries and wages To Rent, rates and taxes or office rent To Godown rent or storage, or warehousing To Office expenses, or establishment To Miscellaneous, or sundry expenses To Insurance To Stationary To Printing and stationery To Postage and telegrams To Telephone expenses To General expenses To Selling expenses To Carriage, or fright outward To Carriage on sales To Indirect or unproductive wages To Audit fee To Interest paid, or interest (debit) or interest on overdraft, or interest on loans borrowed To Discount allowed, or discount on debtors To Bad debts, or bad debts written off To Depreciation To Interest on capital To Discounting charges To Bank charges, or collection charges To Export charges

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Particulars By Gross profit transferred from trading account By Interest received, or Interest on investment, or Interest on fixed deposits, or Interest on loans advanced, or By Rent received, or Rent (credit) By Discount received, or Discount (credit) By Commission received By Dividends received By Profit from sale of assets By Refund of tax By Compensation received By Income from Investment By Apprenticeship premium By Difference in exchange (credit) By Interest on drawings By Discount on creditors By Bad debts recovered By Miscellaneous receipts By Appreciation or increase in the value of assets By reserve for bad and doubtful debts (old reserve- if not treated at the debit side of P/L Account) By Net loss-transferred to Capital Account (if debit side exceeds credit side)

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Liabilities Current Liabilities: Bank Overdraft Bills Payable Outstanding Expenses Sundry Creditors Income received on advance Long-term Liabilities: Loan Capital: Opening balance Add: Net Profit (less net loss) Less: Drawings

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Assets Current Assets Cash in-hand Cash-at-bank Bill Receivable Sundry Debtors Prepaid Expenses Accrued income Closing stock

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Investment: Fixed Assets: Furniture and fixtures Plant and machinery Building Land Goodwill