profit and loss account

Particulars DR Particulars CR
To Gross Loss b/d* By Gross Profit b/d*
Office and Administrative Expenses: Other Income:
To Salaries (Administrative) By Commission Earned
To Office Rent, Rates & Taxes By Discount Received
To Lighting Non Trading Income:
To Legal Charges By Interest Received
To Postage By Dividend Received
To Printing Abnormal Gains:
To Insurance By Gain on
To Audit Fees etc. Sale of Fixed Assets
Selling and Distribution Expenses: By Insurance Claims
To Carriage Outward By Net Loss f
To Advertisement Expenses (Transferred to capital account)
To Godown Rent
To Commission
To Brokerage
To Bad Debts
To Provision for bad debts etc.
Financial Expenses:
To Interest on loans
To Bank Charges
To Legal Charges for
arranging loans
To Discounts and Rebate
on Bills etc.
Maintenance Expenses:
To Repairs & Renewals
To Depreciation
Abnormal Losses:
To Loss on Sale of Fixed Assets
To Loss by Fire etc
To Net Profit f
(Transferred to capital account)
 BALANCE SHEET
Liabilities Assets
Sundry Creditors Cash at Bank & cash in hand
Bills Payable Bills Receivable
Bank Loans Sundry Debtors
Outstanding Expenses Advance Payments
Income Received in Advances Stock
Loan on Mortgages Investments
Reserves & Surplus Furniture & Fittings
Capital Account Plant & Machinery
Land & Buildings
Trade Mark
Copy Rights
Patents
Goodwill
TRADING ACCOUNT
Particulars
To Opening Stock
To Purchases xxx
Less: Returns
outwards (xxx)
To Frieght & Carriage
To Customs & Insurance
To Wages
To Gas, Water & Fuel
To Factory Expenses
To Royalty on Production
To Cargo Expenses
To Shipping Expenses
To Import Duty
To Custom Duty
To Dock Charges
To Octroi
. To Commission on Purchases
To Gross Profit c/d*
TRADING ACCOUNT
Particulars
By Sales xxx
Less: Returns inwards (xxx)
By Closing Stock
By Gross Loss c/d*