PERFORMA OF FINAL ACCOUNT

TRADING ACCOUNT OF M/S.........

for the year ending on.............
PARTICULARS

AMOUNT

PARTICULARS

Rs. P.

To Opening Stock

..................

To Purchases

..................

Less : Purchases Returns

Rs. P.

By Sales
Goods Sold
Less : Sales Returns

or Returns Outward
(or Returns Cr. Bal)

AMOUNT

(or Returns Inward)

..................

(or Returns Dr. bal)

To Expenses incurred in bringing
the goods to their present condition

By Closing Stock

and location Wages, or

..................
..................

By Gross Loss Transferred to

Wages and Salaries or

Profit and Loss A/c

..................

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
..................

..................

..................

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

AMOUNT
Rs. P.
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

PARTICULARS
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

AMOUNT
Rs. P.
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx

xxxx

xxxx

xxxx

BALANCE SHEET OF..........

as at..............
LIABILITIES
Capital
Add: Net Profit
Add: Intt. On Capital
Less: Net Loss
Less: Drawings
Less: Int. on Drawings
Bank Overdraft
Loans
Sundry Creditors
Bills Payable
Tax Payable

AMOUNT
RS. P.
....
....
....
....
....

..........
..........
..........
..........
..........
..........

..........

ASSETS
Goodwill
Land and Buildings
Plant and Machinery
Motor Van
Computer
Books
Furniture
Closing Stock
Debtors
Investment
Bills Receivable
Cash at Bank
Cash in Hand

AMOUNT
Rs. P.
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........