PERFORMA OF FINAL ACCOUNT

TRADING ACCOUNT OF M/S......... for the year ending on.............

PARTICULARS AMOUNT Rs. P. To Opening Stock To Purchases Less : Purchases Returns or Returns Outward (or Returns Cr. Bal) To Expenses incurred in bringing the goods to their present condition and location Wages, or Wages and Salaries or Productive Wages or Manufacturing Wages To Carriage, or Carriage Inward, or Carriage on Purchases or Freight Inward To Octroi To Dock Charges (Inward) To Customs Duty on imported goods To Motive Power, Coal, Gas, Water and Oil, Grease, etc. Fuel, Heating and Lighting To Royalties based on Production To Gross Profit transferred to Profit and Loss Account .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. By Sales .................. Goods Sold Less : Sales Returns (or Returns Inward) (or Returns Dr. bal) By Closing Stock By Gross Loss Transferred to Profit and Loss A/c .................. .................. .................. PARTICULARS AMOUNT Rs. P.

PROFIT AND LOSS ACCOUNT for the year ending on.............

PARTICULARS To Gross Loss transferred (from Trading Account) To Salaries To Rent, Rates and Taxes To Printing & Stationery To Postage & Telegrams To Legal Charges To Telephone Exp. To Insurance Premium To Entertainment Exp. To Repairs an Renewals To Interest on Loan To Interest on Capital To Sundry Trade Expenses To Loss on Sale of Assets To Conveyance To Charity To Bank Charges To Office Expenses To Establishment Exp. To General Expenses To Loss in Exchange To Licence Fee To Brokerage To Electricity Exp. To Loss by Fire, Theft To Commission To Advertisement To Cartage outward To Export Duty To Discount To Packing Expenses To Traveling Exp. To Bad Debts To Audit Fees To Depreciation To Net Profit transferred to Capital Account xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx AMOUNT Rs. P. By Gross Profit transferred from Trading Account By Rent from Tenants By Discount (Cr.) By Commission By Interest (Cr.) By Bad Debts Recovered By Apprentice Premium By Income from Investments By Dividends on Shares By Difference in exchange (Cr.) By Miscellaneous Income By Profit on Sale of Assets By Net Losstransferred to Capital Account xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx PARTICULARS AMOUNT Rs. P.

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BALANCE SHEET OF.......... as at..............

LIABILITIES Capital Add: Net Profit Add: Intt. On Capital Less: Net Loss Less: Drawings Less: Int. on Drawings Loans Sundry Creditors Bills Payable Tax Payable .......... .......... ........... Bank Overdraft .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... AMOUNT RS. P. Goodwill Land and Buildings Plant and Machinery Motor Van Computer Books Furniture Closing Stock Debtors Investment Bills Receivable Cash at Bank Cash in Hand ASSETS AMOUNT Rs. P. .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........