Page 99 - Office Practice and Accounting 10

Specimen of Profit and Loss Account

Profit and Loss Account of ...............

Dr. for the year ended ............ Cr.

Particulars Amount Particulars Amount
To Gross loss b/d xxx By Gross profit b/d xxx
To Salary xxx By Commission received xxx
To Rent, rates and taxes xxx By Discount received xxx
To Stationery and printing xxx By Rent received xxx
To Audit fees xxx By Dividend received xxx
To Postage and telegram xxx By Bad debt recovered xxx
To Telephone charges xxx By Gain on sale of assets xxx
To Legal charges xxx By Interest on investment xxx
To Insurance premium xxx By Interest on Deposits xxx
To Repairs and xxx By Apprenticeship
maintenances xxx premium xxx
To Depreciation xxx By Transfer fees received xxx
To Interest on loan xxx By Sundry incomes xxx
To Bank charges xxx By Net loss c/d xxx
To Office expenses xxx
To Trade expenses xxx
To License fees xxx
To Office lighting xxx
To Commission paid xxx
To Discount allowed xxx
To Tax paid xxx
To Packing charges xxx
To Traveling expenses xxx
To Bad debts
To Provision for bad debt xxx
To Warehouse rent xxx
To Carriage outwards xxx
To Carriage on sales xxx
To Marketing expenses xxx
To Loss on sale of assets. xxx
To Loss by accident xxx
To Net profit c/d xxx
Total xxx Total xxx

Office Practice and Accounting 10 93