The format of Trading and Profit and Loss Account

Dr. Trading account and Profit and Loss for the year ending of XXXX Cr.
Particulars Amount Amount Particulars Amount Amount
Rs. Rs. Rs. Rs.
To Opening Stock xxx By Sales xxx
To Purchases xxx Less Sales Returns xxx xxx
Less Returns xxx xxx
To Wages xxx By Closing Stock xxx
To Fuel & Power xxx
To Carriage Inwards xxx
To Coal, water xxx
To Octrai xxx
To Import Duty xxx
To Manufacturing By Gross Loss c/d xxx
Expenses xxx
To Motive power xxx
To Consumable Stores xxx
To factory Lighting xxx
To Gross Profit c/d xxx
xxx xxx
To Gross Loss b/d xxx By Gross Profit b/d xxx
To Rent, Rates, Taxes xxx By Interest Received xxx
To Lighting xxx By Discount xxx
To Salaries xxx By Commission xxx
To Printing & Received
Stationary xxx By Rent from Tenants xxx
To Postage & Telegram xxx By Income from
To Telephone Charges xxx Investments xxx
To Legal Charges xxx By Apprenticeship
To Audit Charges xxx Premium xxx
To Insurance xxx By Interest on
To General Expenses xxx Debentures xxx
To Advertisements xxx By Income from any
To Travelers Salaries xxx other Source xxx
To Bad Debts xxx By Miscellaneous
To Carriage Outwards xxx Revenue Receipts xxx
To Bank Charges xxx
To Agents Commission xxx
To Depreciation xxx By Net Loss
To Repairs and transferred to Capital xxx
Maintenance xxx A/c
To Discount allowed xxx
To Interest on Capital xxx
To Interest on Loan xxx
To Discount on Bills xxx
To Net Profit
transferred to Capital
A/c xxx
xxx xxx
 Format of Balance Sheet:
Balance Sheet of Mr. X as on the date of XXXX
Liabilities Amount Amount Assets Amount Amount
Rs. Rs. Rs. Rs.
Current Liabilities: Liquid Assets:
Sundry Creditors xxx Cash in Hand xxx
Bills Payable xxx Cash at Bank xxx
Bank Over Draft xxx
Floating Assets:
Long Term Liabilities: Sundry Debtors xxx
Loan from Banks xxx Bills Receivables xxx
Debentures xxx Stock in Trade xxx

Fixed Liabilities: Fixed Assets:

Capital xxx Machinery xxx
Add: Interest on Capital xxx Land & Building xxx
xxx Furniture & Fixtures xxx
Add: Net Profit xxx Motor car xxx
xxx Loss Tools xxx
Less: Net Loss xxx
xxx Intangible Assets:
Less Drawings xxx xxx Goodwill xxx
Patents xxx
Copy rights xxx
Trade marks xxx

Fictitious Assets: xxx

xxx xxx