Tuesday, 6 May 2014

final account format

                                                                 Trading A/c
  Particular

Amount
Particular
Amount
To opening Stock

xxxxxx
By Sales                    xxxxxx

To purchase           xxxxxx


less:- Return in Ward    xxx
xxxxxx
Less:- Return out ward  xx

xxxxxx
By Closing Stock
xxxxxx
To carriage in ward

xxxxxx
By.........................
xxxxxx
To Import Duty

xxxxxx
By.........................
xxxxxx
To custom Duty

xxxxxx
By Gross Loss c/d
xxxxxx
To Direct expenses

xxxxxx
By Goods Lost Amount
xxxxxx
To Octroi charge

xxxxxx


To Excise Duty

xxxxxx


To Power Expenses

xxxxxx


To Wages

xxxxxx


To Heating & Lighting

xxxxxx


To Purchasing Expenses

xxxxxx


To Coal& Coke

xxxxxx


To Store Consumed

xxxxxx


To Carriage on purchased  T/B

xxxxxx


To Wages & Salaries

xxxxxx


To Factory Rent

xxxxxx


To..................................

xxxxxx


To..................................

xxxxxx


To Gross profit c/d

xxxxxx







Total

xxxxxx
Total
xxxxxx
Debit                                 Profit & Loss Appropriation Account                                Credit
Particular
Amount
Particular
Amount
To General Reserved & Found
xxxxxx
By Balance b/d (Last year profit
xxxxxx
To Dividend
xxxxxx
By Net Balance b/d ( Current Year Profit From P/L Account)
xxxxxx
To Interim Dividend
xxxxxx
By Provision ( Provision on Longer Requested)
xxxxxx
To Proposed Dividend
xxxxxx
By Provision For Tax (Last Year)
xxxxxx
To Cash Dividend
xxxxxx
By...................................

To Adjustment of expenses for the previous year
xxxxxx
By

To Tax Paid (Last Year)
xxxxxx
By

To Adjustment of expenses
xxxxxx
By Balance c/d
xxxxxx
To Stock Dividend/Bonus Share
xxxxxx


To...................................



To...................................



To...................................



To Balance c/d
xxxxxx


Total
xxxxxx
Total
xxxxxx

                                              Profit & Loss Account 
Particular
Amount
         Particular
Amount
To Gross Loss c/d
xxxxxx
By Gross Profit c/d
xxxxxx
To Salaries
xxxxxx
By Rent Received
xxxxxx
To General Expenses
xxxxxx
By Miscellaneous Received
xxxxxx
To Establishment Charge
xxxxxx
By Interest Received
xxxxxx
To Audit Fee
xxxxxx
By Discount Received
xxxxxx
To Administrative Expenses
xxxxxx
By Sale of Scrap
xxxxxx
To Entertainment Expenses
xxxxxx
By Compensation Received
xxxxxx
To Director Fee
xxxxxx
By Appreciation of Assets
xxxxxx
To Trade expenses
xxxxxx
By Dividend Received
xxxxxx
To Printing & Stationary
xxxxxx
By Profit on Sale of Assets
xxxxxx
To Rent , Rates & Taxes
xxxxxx
By Bad debt Recovered
xxxxxx
To Other Expenses
xxxxxx
By Apprentice Premium

To Electric charge
xxxxxx
By

To Insurance
xxxxxx
By

To Donation & Charities
xxxxxx
By

To Sales commission
xxxxxx
By Net Loss c/d
xxxxxx
To Selling & Distribution Exp
xxxxxx


To Discount allowed
xxxxxx


To sales Tax
xxxxxx


To Advertisement Expenses
xxxxxx


To Fright out Ward
xxxxxx


To Carriage out Ward
xxxxxx


To Traveling Expenses
xxxxxx


To Depreciation on Assets
xxxxxx


To Bad debts
xxxxxx


To Bank Charge
xxxxxx


To Interest Paid
xxxxxx


To loss on sale of Assets
xxxxxx


To Loss on Value of Assets
xxxxxx


To Legal Charge
xxxxxx


To carriage on Sale T/B
xxxxxx


To



To



To



To Net Profit c/d
xxxxxx


Total
xxxxxx
Total
xxxxxx

Dr.                                                  Balance Sheet                                                              Cr.
Liabilities
Amount
Assets
Amount
          Capital       xxxx

1. Fixed Assets

Less:- Drawing      xxxx

Land& Building
xxxxxx
Less:-Net loss      xxxx

Plant & machinery
xxxxxx
Add:- Net Profit     xxxx
xxxxxx
Good Will
xxxxxx


Equipment & Tools
xxxxxx
1. Share Capital

Furniture & Fixture
xxxxxx
(a) Authorized Capital

Patent & Trade Mark
xxxxxx
(b) Issued Capital

Development Properties
xxxxxx
© Subscribed Capital

Designs
xxxxxx
(d) Called up Capital

Live Stock
xxxxxx
(e) Paid up Capital

Vehicles
xxxxxx
Total Capital              xxxx

Business Premises
xxxxxx
less:- Calls in Arrears    xxx

Lease Hold Assets
xxxxxx
Add:- Share for Feiture xxx

Free Hold Assets
xxxxxx
Add:- Calls in Advance xxx
xxxxxx
Investment (Long Term)
xxxxxx
2. Reserve & Surplus

Loose Tools
xxxxxx
Share Premium
xxxxxx
Fixed Deposit With Public
xxxxxx
P/L Appropriation a/c     Cr.
xxxxxx
Railway Sidings
xxxxxx
Capital Reserve
xxxxxx


General Reserve
xxxxxx


Debenture Premium
xxxxxx
2. Investment

Capital Redemption received
xxxxxx
Investment on Gov. Securities
xxxxxx
Sinking Found
xxxxxx
Inv. on Share, Debenture, Bond
xxxxxx
Dividend Equalization Found
xxxxxx


Other Reserve
xxxxxx
3. Current Assets, Loan, Advance



(i) Current Assets

3. Secured Loan

Interest accursed on Investment
xxxxxx
Debenture
xxxxxx
Stores & Spare Parts
xxxxxx
Mortgage Loan & Advance
xxxxxx
Stock in Trade
xxxxxx
Bond
xxxxxx
Work in Progress
xxxxxx
Other Secured Loan
xxxxxx
Sundry Debtor
xxxxxx
Interest Accrued on Loan
xxxxxx
Bills Receivable
xxxxxx


Account Receivable
xxxxxx
4. Unsecured Loan

Cash in Hand (Cash Balance)
xxxxxx
Fixed Deposit
xxxxxx
Cash at Bank (Bank Balance)
xxxxxx
Short Term Loan From Loan
xxxxxx
Marketable Securities
xxxxxx
Other Unsecured Loan
xxxxxx
Closing Stock (Inventory)
xxxxxx


Accursed Income
xxxxxx
5.Current Liabilities & Provision

Short Term Investment
xxxxxx
(i) Current Liabilities



Bills Payable
xxxxxx
(ii)Loan & Advance

Account Payable
xxxxxx
Loan & Advance To Subsidiaries
xxxxxx
Sundry Creditor
xxxxxx
Prepaid Expenses
xxxxxx
Bank Overdraft
xxxxxx
Advance Tax Paid
xxxxxx
Income Received In Advance
xxxxxx


Unclaimed Dividend
xxxxxx
4. Miscellaneous Expenses

Premium on Redemption of Debenture
xxxxxx
Advertising expenses
xxxxxx
Outstanding Expenses
xxxxxx
Preliminary Expenses
xxxxxx
Advance Income
xxxxxx
Brokerage on Underwriting Commission
xxxxxx
Pre Received Income
xxxxxx
Expenses including Commission
xxxxxx
Short Term Loan
xxxxxx
Discount on issued of Share & Debenture
xxxxxx


Loss on issued of Debenture
xxxxxx
(ii) Provision



Provision For Tax
xxxxxx
5. P/L Appropriation a/c   Dr.
xxxxxx
Proposed Dividend
xxxxxx


Provision for Employees
xxxxxx


Pension Found
xxxxxx


Provident Found
xxxxxx


Bonus Payable to Employees
xxxxxx


Other Provision
xxxxxx










Total
xxxxxx
Total
xxxxxx

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