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Balance Sheet Format

This document contains 3 financial statements - a trading account, profit and loss account, and balance sheet. The trading account shows the expenses and income related to purchases and sales. The profit and loss account lists the expenses incurred and income generated. It ends with the net profit or loss. The balance sheet presents the assets, liabilities, and capital of the company on a particular date.

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Debalina Mahata
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99 views

Balance Sheet Format

This document contains 3 financial statements - a trading account, profit and loss account, and balance sheet. The trading account shows the expenses and income related to purchases and sales. The profit and loss account lists the expenses incurred and income generated. It ends with the net profit or loss. The balance sheet presents the assets, liabilities, and capital of the company on a particular date.

Uploaded by

Debalina Mahata
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Trading Account

Dr. Rs. Rs. Rs.


To, Opening Stock *** By, Sales ***
Less : Returns Inwards or
To, Purchases *** Sales Return ***
Less : Returns Outwards
or Purchase Return *** *** By, Closing Stock
To, Wages *** By, P/L Account -Gross Loss
Add : Outstanding *** ***
To, Carriage Inward ***
To, Fuel & Power ***
To, Coal Gas & Water ***
To, Import Duty ***
To, Custom Duty ***
To, P/L Account -Gross Profit ***
***

Profit and Loss Account

Dr. Rs. Rs.


By, Discount Earned
To, Salaries *** By, Accrued Interest on Investment
Add : Outstanding *** *** By, Rent Received
To, Carriage Outward *** By, Commission Received
To, Discount Allowed *** By, Dividend on shares
To, Rent *** By, Interest on debentures
To, Postage & Telegram *** By, Capital - Net Loss
To, Printing & Stationery ***
To, Legal Expense ***
To, Insurance ***
Less: Prepayment *** ***
To, Audit fees ***
To, General Expenses ***
To, Repairs & Maintenance ***
To, Advertisement ***
To, Packaging Charges ***
To, Bad Debt ***
To, Reserve for doubtful debts ***
To, Discount to debtors ***
To, Depreciation ***
To, Bank Charges ***
To, Interest on Capital or Loan ***
To, Travelling Expenses ***
To, Capital - Net Profit ***
***
Balance Sheet
Liability Rs. Rs. Asset Rs.
Capital *** A. Fixed Asset:
Add : Net Profit *** Furniture & Fittings ***
Add: Interest on Capital *** Less : Depriciation ***
*** Land & Building ***
Less : Drawings *** Less : Depriciation ***
Less: Interest on drawing *** *** Plant & Mechinery ***
Less : Depriciation ***
loan ***
share capital ***
reserve and surplus *** Current Asset :
Current Liability : Cash in hand
Creditors *** Cash at Bank
Bills Payable *** Bills Receivable
Outstanding expenses *** Debtors ***
less: Reserve for bad debt (
bank overdraft *** adjustment amount) ***
income received in advance *** ***
less:bad debt ( adjustment amount) ***
***
Less : discount to debtors (
adjustment amount) ***
Closing stock
Prepaid expense
Outstanding/ acrrued income
investment

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Rs. Cr.

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Rs. Cr.
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Rs.

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