How to Make Profit and Loss Account and Balance Sheet in Excel

Particulars Category Amount Credit/Debit Credit Debit

Sales Erinings $ 95,000.00 Credit $ 95,000.00
Machine Purchases Expense $ 37,000.00 Debit $ 37,000.00
Freight Expenses Expense $ 2,800.00 Debit $ 2,800.00
Employee Costs Expense $ 16,000.00 Debit $ 16,000.00
Electricity Expencses Expense $ 3,300.00 Debit $ 3,300.00
Admin Expenses Expense $ 10,000.00 Debit $ 10,000.00
Cash in Hand Assets $ 25,000.00 Debit $ 25,000.00
Cash in Bank Assets $ 35,000.00 Debit $ 35,000.00
Captial Liabilities $ 9,000.00 Credit $ 11,300.00
profit and loss Acc Liabilities $ 4,800.00 Credit $ 4,800.00
Trade Creditors Liabilities $ 23,500.00 Credit $ 23,500.00
other creditors Liabilities $ 18,500.00 Credit $ 18,500.00
Fixed Assets Assets $ 24,000.00 Debit $ 24,000.00
$ 153,100.00 $ 153,100.00

Balance

Profit/Loss Calculation
Total Income $ 95,000.00
Total
Expense $ 69,100.00
Net profit/
Loss $ 25,900.00