(Insert name of company or sole trader)

Trading and Profit and Loss Account

For the year ended ..................................................
$
Sales
Less: Cost of goods sold
Opening Stock
Add: Purchases

Less: Closing Stock

5,000.00
2,000.00
-----------7,000.00
1,000.00
------------6,000.00
-----------6,000.00

Gross Profit
Less: Expenses
Wages
Utilities
Vehicle Expenses

Net Profit

$
12,000.00

900.00
600.00
800.00
------------2,300.00
----------3,700.00
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