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Trading Account of Mr. .. For The Year Ended, 20 Dr. Cr. Particulars Amount. Particulars Amount.

The document appears to be a trading account and profit and loss account for Mr. [NAME] for the year ending 20XX. The trading account shows opening and closing stock, purchases and sales, returns, and expenses related to purchases. The profit and loss account lists various expenses like salaries, rent, advertising, and losses, as well as income sources like interest received and commissions. It calculates gross profit or loss from the trading account and net profit or loss transferred to the capital account.

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Bapi Sengupta
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© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
59 views

Trading Account of Mr. .. For The Year Ended, 20 Dr. Cr. Particulars Amount. Particulars Amount.

The document appears to be a trading account and profit and loss account for Mr. [NAME] for the year ending 20XX. The trading account shows opening and closing stock, purchases and sales, returns, and expenses related to purchases. The profit and loss account lists various expenses like salaries, rent, advertising, and losses, as well as income sources like interest received and commissions. It calculates gross profit or loss from the trading account and net profit or loss transferred to the capital account.

Uploaded by

Bapi Sengupta
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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FORMATES

Trading account of Mr.……….. For the year ended, 20…


Dr. Cr.
particulars Amount. Particulars Amount.
To opening stock (inventories) ,,,, By sales ,,,,
To purchases
,, Less: returns inward/ sales returns ,,
Less: returns outward/ purchase
returns ,, By closing stock(inventories) ,,
Expenses on purchases : By stock (inventories) lost by accident
,, ,,
To carriage/carriage inward
By profit & loss account
To freight/ freight on purchases/ ,,
freight inward Gross loss transferred
,,
To duties and clearing charges
To dock duties ,,
To excise duties ,,
To octroi duties
,,
Manufacturing expenses :
To wages/ productive wages ,,
To stores ,,
To royalties
To motive power
To coal, coke, gas & water
To oil, billing, metre
To profit & loss account
Gross profit transferred

Note: when trade expenses item is alone given in the trail balance, it will be debited to Profit & loss
account.
Profit and loss account of Mr.…..
For the year ended, 20…
Dr. Cr.
Particulars Amount Particulars amount
To trading a/c ,,, By trading a/c ,,
Gross loss transferred Gross profit transferred
Office and administration expenses : By interest received
To salaries By commission received
To rent, rates, taxes, Insurance etc. By discount received
To electric charges By rent received
To postage & telegramme By bad debts recovered
To telephone charges By income from investment
To printing & stationery By interest on bank deposits
Selling and distribution expenses : By provision for discount on creditors
To advertisement
By sundry receipts
To carriage outward
By branch profit
To salesmen’s salaries & commission
By consignment profits
To insurance
To traveling expenses
To packing expenses
By capital account/ net loss transferred
To bad debs & reserve for D. Debs
To delivery Van expenses
Financial and other Expenses &
losses :
To interest on Loan
To depreciation
To repairs
To Audit fees
To discount allowed
To loss by fire or other accident
(not covered by Insurance)
To Bank charges
To trade expenses
To commission paid
To provision for discount on debtors
To sundry expenses
To branch Loss
To consignment Loss
To Capital account, Net Profit
transferred

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