Page 165 - ISCDEBK-XI

Final Accounts and Concept of Trading Account ... 19.3

Format of Profit & Loss Account

PROFIT & LOSS ACCOUNT
Dr. for the year ended ... Cr.
Particulars ` Particulars `

To Gross Loss transferred from Trading A/c ... By Gross Profit transferred from Trading A/c ...
To Advertisement ... By Bad Debts Recovered ...
To Audit Fees ... By Commission Earned ...
To Bad Debts ... By Discount Received ...
To Bank Charges ... By Dividends on Shares ...
To Brokerage ... By Income from Investment ...
To Business Promotion Expenses ... By Interest Received ...
To Car Running and Maintenance Expenses ... By Miscellaneous Incomes ...
To Charity ... By Rent Received ...
To Commission ... By Net Loss* (Transferred to Capital A/c) ...
To Conveyance ...
To Depreciation ...
To Discount Allowed ...
To Electricity Expenses ...
To Freight and Carriage Outwards ...
To General Expenses ...
To Insurance Premium ...
To Interest ...
To Licence Fee ...
To Loss by Fire and Theft ...
To Office Expenses ...
To Postage ...
To Rent Paid ...
To Repairs ...
To Salaries ...
To Stationery and Printing ...
To Telephone Expenses ...
To Travelling Expenses ...

To Net Profit* (Transferred to Capital A/c) ...
... ...

* Either of the two shall appear.