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Format of the Profit and Loss Account

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Profit and Loss Account For the year ended .............. To Gross Loss To Salaries To Rent To Rent and Rates To Discount Allowed To Commission Allowed To Insurance To Bank Charges To Legal Charges To Repairs To Advertising To Trade Expenses To Office Expenses To Bad Debts To Traveling Expenses To Etc., Etc. xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx ex. xxxx xxxx xxxx xxxx By Net Loss (transferred to capital account of the trader) By Gross Profit By Interest Received By Discount Received By Commission Received By Other Receipts By Etc., Etc. xxxx xxxx xxxx xxxx xxxx xxxx

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To Net Profit (transferred to capital account of the trader) xxxx