Performa of Final Account

PERFORMA OF FINAL ACCOUNT TRADING ACCOUNT OF M/S......... for the year ending on............. PARTICULARS

AMOUNT

PARTICULARS

Rs. P.

Rs. P.

To Opening Stock

.................. By Sales

To Purchases

..................

Less : Purchases Returns

Goods Sold Less : Sales Returns

or Returns Outward (or Returns Cr. Bal)

AMOUNT

(or Returns Inward) ..................

(or Returns Dr. bal)

To Expenses incurred in

By Closing Stock

bringing the

By Gross Loss Transferred to

goods to their present

Profit and Loss A/c

.................. .................. ..................

condition and location Wages, or Wages and Salaries or

..................

Productive Wages or Manufacturing Wages To Carriage, or Carriage Inward, or

..................

Carriage on Purchases or

..................

Freight Inward

..................

To Octroi

..................

To Dock Charges (Inward) To Customs Duty on imported goods

..................

To Motive Power, Coal, Gas,

..................

Water and Oil, Grease, etc. Fuel, Heating and Lighting

..................

To Royalties based on Production To Gross Profit transferred to Profit and Loss Account ..................

..................

PROFIT AND LOSS ACCOUNT for the year ending on............. PARTICULARS

AMOUNT

PARTICULARS

Rs. P. To Gross Loss transferred (from Trading Account)

AMOUNT Rs. P.

By Gross Profit transferred xxxx

from Trading Account

xxxx

To Salaries

xxxx

By Rent from Tenants

xxxx

To Rent, Rates and Taxes

xxxx

By Discount (Cr.)

xxxx

To Printing & Stationery

xxxx

By Commission

xxxx

To Postage & Telegrams

xxxx

By Interest (Cr.)

xxxx

To Legal Charges

xxxx

By Bad Debts Recovered

xxxx

To Telephone Exp.

xxxx

By Apprentice Premium

xxxx

To Insurance Premium

xxxx

By Income from Investments

xxxx

To Entertainment Exp.

xxxx

By Dividends on Shares

xxxx

To Repairs an Renewals

xxxx

By Difference in exchange (Cr.)

xxxx

To Interest on Loan

xxxx

By Miscellaneous Income

xxxx

To Interest on Capital

xxxx

By Profit on Sale of Assets

xxxx

To Sundry Trade Expenses

xxxx

By Net Loss—transferred to

To Loss on Sale of Assets

xxxx

To Conveyance

xxxx

To Charity

xxxx

To Bank Charges

xxxx

To Office Expenses

xxxx

To Establishment Exp.

xxxx

To General Expenses

xxxx

To Loss in Exchange

xxxx

To Licence Fee

xxxx

To Brokerage

xxxx

To Electricity Exp.

xxxx

To Loss by Fire, Theft

xxxx

To Commission

xxxx

To Advertisement

xxxx

To Cartage outward

xxxx

To Export Duty

xxxx

To Discount

xxxx

To Packing Expenses

xxxx

To Traveling Exp.

xxxx

To Bad Debts

xxxx

To Audit Fees

xxxx

To Depreciation

xxxx

To Net Profit transferred to Capital Account

xxxx

Capital Account

xxxx

xxxx

xxxx

BALANCE SHEET OF.......... as at.............. LIABILITIES

AMOUNT

ASSETS

RS. P.

AMOUNT Rs. P.

Capital

Goodwill

..........

Add: Net

Land and Buildings

..........

Plant and Machinery

..........

Motor Van

..........

Computer

..........

..........

Books

..........

..........

Furniture

..........

..........

Closing Stock

..........

..........

Debtors

..........

..........

Investment

..........

..........

Bills Receivable

..........

Bank Overdraft

Cash at Bank

..........

Loans

Cash in Hand

..........

Profit

..........

Add: Intt. On Capital

..........

Less: Net Loss

..........

Less: Drawings

..........

Less: Int. on Drawings

...........

Sundry Creditors Bills Payable Tax Payable ..........

..........