PROFIT AND LOSS ACCOUNT

For the year ended ..

Particulars

Amou
nt

Particulars
By Gross Profit
transferred from
Trading a/c
By discount received
By commission earned
By interest
By bad debts recovered
By Income from
Investment
By Dividend on shares
By Misc. revenue gains

To Gross Loss transferred

from Trading a/c
To salaries
To rent, rates & taxes
To stationery & printing
To postage & telegrams

xx
xx
xx
xx
xx

To audit fees
To legal charges
To insurance premium

xx
xx
xx

To telephone expenses

By income from any

xx other source

To Business Promotion
exp.
To repairs & renewals
To depreciation
To interest
To Sundry expenses
To Conveyance
To bank charges
To establishment
expenses
To car running &
maintenance
To electricity expenses
To loss by fire/theft
To commission
To advertisement
To freight & carriage
outward
To discount allowed
To travelling expenses
To bad debts
To Net Profit transferred
to Capital a/c

By Net loss transferred

xx to Capital a/c
xx
xx
xx
xx
xx
xx

Amou
nt
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx

xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xxxx

Xxxx