Final account profit and loss account formate
| Profit and Loss Account for the year ended…. |
||||||
| Dr. | Cr. | |||||
| Particulars | Amount Rs |
Particulars | Amount Rs |
|||
| Gross Loss | Gross Profit | |||||
| (transferred from Trading A/c) | (transferred from Trading A/c) | |||||
| Office Expenses- | Rent (Cr.) | |||||
| General Expenses | Rent from Tenant | |||||
| Lighting | Discount Received | |||||
| Salaries | or Discount (Cr.) | |||||
| Printing and Stationary | Dividend on Shares | |||||
| Salaries and Wages | Interest on Investments | |||||
| Rent, Rates and Taxes | Commission Received | |||||
| Insurance | Income from other Sources | |||||
| Establishment Expenses | Bad-Debts Recovered | |||||
| Legal Charges | Miscellaneous Receipts | |||||
| Audit Fees | Apprentice Premium | |||||
| Telephone/Internet Charges | Profit on Sale of Assets | |||||
| Postage and Telegram | **Net Loss transferred to Capital A/c | |||||
| Trade Expenses | ||||||
| Travelling Expenses | ||||||
| Selling and Distribution Expenses- | ||||||
| Carriage Outwards, or | ||||||
| Carriage on Sales | ||||||
| Export duty | ||||||
| Stable expenses | ||||||
| Brokerage | ||||||
| Advertisement | ||||||
| Bad Debts | ||||||
| Packing Charges | ||||||
| Delivery Van Expenses | ||||||
| Commission | ||||||
| Miscellaneous Expenses | ||||||
| Depreciation | ||||||
| Bank Charges | ||||||
| Discount | ||||||
| Donation and Charity | ||||||
| Repairs | ||||||
| Interest (Dr.) | ||||||
| Conveyance Expenses | ||||||
| Entertainment Expenses | ||||||
| Loss on Sale of Assets | ||||||
| **Net Profit transferred to Capital A/c | ||||||