Documente Academic
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ON
FINAL ACCOUNTS
COMPILED BY:
AKSHITA MODI
2K10BFS01
FINAL ACCOUNTS
Objectives :
Ø To find out the profit and loss made by the business at the end of a regular periodic interval.
Ø To ascertain the financial position of the business.
F● T
Final Accounts includes the preparation
I R
of :-
N A
A
A D
L
L I
A N
A
C G
C
C
C A
O
O C
U
U C
N
N O
T
T U
S
S N
T
TRADING ACCOUNT for the year ending 31st
march,.........
Particulars Amount(Rs Particulars Amount(Rs
.) .)
To Opening Stock xxxx By sales xxxx
To Purchases xxxx Less: sales returns xxxx
Less : purchases xxxx By closing stock xxxx
returns By gross loss xxxx
To Direct expenses xxxx (balancing figure)
Wages xxxx
Carriage inward xxxx
Fuel & power xxxx
Coal water & gas xxxx
Octroi xxxx
Factory lighting xxxx
Import duty xxxx
Custom duty xxxx
Excise duty xxxx
Factory xxxx
rent,rates&taxes
PROFIT AND LOSS ACCOUNT for the
year ending 31st march,.........
Particulars Amount(Rs.) Particulars Amount(Rs.)