Format – Final Account

Proforma of Trading Account

TRADING ACCOUNT
(for the period ending .........)

Dr. Cr.
Particulars Amount (Rs.) Particulars
Amount (Rs.)
To Opening Stock By Sales
Raw material ..... Less : Sales return
Work in progress ..... or Returns inward
Finished goods By Closing Stock
To Purchases Raw Material .....
Less : Purchases return or Work in progress.....
Returns outward Finished goods
To Carriage or cartage or By Gross loss -
Carriage on purchases transferred to P/L A/c.
To Octroi or local taxes (If debit side exceeds
To Import duty, customs, landing the credit side)
charges, clearing charges
To Wages or productive wage or
Manufacturing wages or direct wages
To Wages & Salary
To Coal gas and water
To Fuel
To Power or motive power
To Consumable stores
To Manufacturing expenses
To Direct expenses
To Factory expenses
To Royalty
To Gross profit transferred to P/L Account
(If credit side exceeds the debit side)
 PROFORMA OF PROFIT AND LOSS ACCOUNT
PROFIT AND LOSS ACCOUNT (for the year ending ..........)
Particulars Amount Particulars Amount
(Rs.) (Rs.)
To Gross Loss-transfered from trading Account By Gross profit transferred from
To Salaries or salaries and wages trading account
To Rent, rates and taxes or office rent By Interest received, or
To Godown rent or storage, or warehousing Interest on investment
To Office expenses, or estalishment By Rent received
To Miscellaneous, or sundry expenses By Discount received
To Insurance By Commission received
To Stationery ByDividends received
To Printing and Stationery By Profit from sale of assets
To Postage and Telegrams By Refund of tax
To Telephone expenses By Compensation received
To Law charges, or law cost or legal charges By Income from Investment
To Repairs and renewal, or maintenance
or unkeep By Interest on drawings
To Distribution expenses By Discount on creditors
To Traveling expenses By Bad debts recovered
To General expenses By Miscellaneous receipts
To Stable expenses By Net Loss - transferred to Capital A/c
To Selling expenses (if debit side exceeds credit side)
To Carriage, or freight outward
To carriage on sales
To Indirect or unproductive wages
To Audit fee
To Indirect expenses

To Discount allowed, or discount on debtors

To Bad debts, or bad debts written off
To Depreciation
To Interest on capital
To Bank charges or collection charges
To Export charges
To Administrative expenses
To Financial expenses
To Commission paid
To Advertisement
To Charity and donation
To Sample expenses
To License fee
To Delivery charges
To Brokerage
To Sales tax paid
To Loss on sale of assets
To Loss by fire
To Net Profit - transferred to Capital
 Account (if credit side exceeds debit side)

PROFORMA OF MANUFACTURING ACCOUNT

MANUFACTURING ACCOUNT (for the year eneded ..........)
Dr. Cr.
Particulars Amount Particulars Amount
(Rs.) (Rs.)
To Work in progress (Opening) By Work in progress (Closing)
To Raw material consumed By Sale of scrap
Opening Stock By Cost of production transferred
Add : Purchase of Raw material to Trading Account
Less : Closing stock of Raw material
To Direct wages
To Factory overhead
To Power
To Repairs of plant
To Depreciation on plant
To Factory rent

BALANCE SHEET of ......... (as on ...........)

Liabilities Amount Assets Amount
(Rs.) (Rs.)
Current Liabilities Current Assets
Bank Overdraft Cash-in-hand
Bills Payable Cash-at-bank
Outstanding Expenses Bill Receivable
Sundry Creditors Sundry Debtors
Income received in advnace Prepaid Expenses
Long-term Liabilities Accrued income
Loan Closing stock
Capital Investment
Opening balance
Add : Net Profit Fixed Assets
(less net loss) Furniture and fixtures
Less : Drawings Plant and Machinery
Building
Land
Tools
Leasehold premises
Freehold premises
Goodwill