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Trading Account For The Year Ended DR CR: Format

This document appears to be a standardized format for accounting documents including a trading account, profit and loss account, and balance sheet. The trading account tracks revenues from sales and costs of goods including purchases, expenses, closing stock, and transfers profit to the profit and loss account. The profit and loss account tracks expenses like salaries, repairs, depreciation, selling costs against income from profit transferred from trading, dividends, rentals to calculate net profit which is transferred to the capital account. The balance sheet presents assets, liabilities and capital with assets split between fixed assets like land, buildings, machinery less depreciation and current assets like stock, debtors versus liabilities like loans, creditors,

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Bhattacharjee Shaibal
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65 views

Trading Account For The Year Ended DR CR: Format

This document appears to be a standardized format for accounting documents including a trading account, profit and loss account, and balance sheet. The trading account tracks revenues from sales and costs of goods including purchases, expenses, closing stock, and transfers profit to the profit and loss account. The profit and loss account tracks expenses like salaries, repairs, depreciation, selling costs against income from profit transferred from trading, dividends, rentals to calculate net profit which is transferred to the capital account. The balance sheet presents assets, liabilities and capital with assets split between fixed assets like land, buildings, machinery less depreciation and current assets like stock, debtors versus liabilities like loans, creditors,

Uploaded by

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

Trading Account
For the year ended
Dr
Cr
To Opening Stock - By sales
----
,, Purchase --- Less tn !n"ard
----
Less tn out"ard ---
---------,, Direct e#penses$ ,, Closing
Stock ----
%ages ---
Add$ outstanding --- ---
Carriage in"ard ---
Freight ---
!&port Duty ---
'as ( Fuel ---
Factory )#ps ---
oyalty on prod* ---
,, 'ross Pro+t
Trans,er to P-L A-C ----
Pro+t and Loss Account
For the year ended**
Dr*
Cr*
)#penditures s* !nco&e
s*
To O.* ( Ad&* )#p* By 'ross Pro+t
O.* ent,rates,ta# trans,erred ,ro&
O.* Salaries trading a-c
O.* Lighting By e/enue
inco&e$
!nsurance Co&&*
ecei/ed
Postage ( Telegra& Discount
ecei/ed
Audit ,ees By 0on-
trading -
Stationery non-operating
epairs ( rene"als inco&es$
Depreciation$ Di/idend
recei/ed
O.* Building !ntt* On Bank
deposit
O.* Furniture !nco&e ,ro&
su1-
O.* 2achinery letting house-
To Selling ( Distr*)# property
Ad/ertise&ent By A1nor&al
'ain$
Carriage out"ard
'odo"n ent
Storage
Selling )#ps*
Sale&en3s salary
Co&&ission
Bad De1ts
Pro/ision ,or BD
To Financial )#ps$
!ntt* On loan
!ntt* On OD
Bank Charges
Bills Discount
Discnt* Allo"ed
!ntt* On de1enture
To A1nor&al Losses$
Stock destroyed
By +re
'oods lost intransit
Loss on sale o, Assets
To 0et Pro+t trans,erred
To Capital A-C

4nder Per&anence or igidity Pre,erence 2ethod
Balance Sheet
As at--------------------
Lia1ilities s Assets
s
Capital Accounts$ Fi#ed Assets$
Capital ----- 'ood"ill-Patent
5 Pro+t-Loss ----- Land ( Building
--
-------- Less
Depreciation --
Less dra"ing ---- --------
--------------
Current A-c ------
Long-Ter& Lia1ilities $ Plant (
2achinery ------
De1entures ------- Less Dep
------
Loan on 2ortgage -----
------
Current Lia1ilities $ Furniture
----
Bank O/erdra,t ----- Less Dep
---
S*Creditors ---- !n/est&ents
---
Outstanding )#ps ---- Current Assets$
!nco&e recei/ed Stock-in trade
---
!n Ad/ance ---- S*De1tors
---
Bills Paya1le ---- Prepaid
)#penses ----
Accrued
!nco&e ----
Bills
ecei/a1le ----
Cash at Bank
----
Cash !n
6and -----

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