Trading & Profit & Loss A/C for the year ending 21 XXX 20XX

Details
Sales
Less: Returns Inwards
Net Sales
Less. Cost of goods sold:Opening Sock
Purchases
Carriage Inwards
Less. Return Outwards
Less. Goods Taken by owner
Less. Damaged Stock
Less. Closing Stock

X
X
X
(X)
(X)
(X)
(X)
(X)
X
X
X
X
X
X

Gross Profit
Add. Discount Received
Provision for Doubtful Debts(decreased)
Commission Received
Rent received
Less. Expenses:Discount Allowed
Commission Allowed
Rent and Rates
Carriage Inwards
Depreciation: Fixed Asset
Wages and Salaries
Advertising
Postage and Stationary
Heating and Lighting
Miscellaneous Expenses
General Expenses
Electricity
Telephone
Repairs
Travelling Expenses
Stock Loss
Cleaning Expenses
Motor Expenses
Bad Debts
(Increase)Provision for Doubtful Debts
Loss on Sale of Fixed Asset
Office Expenses
Administration Expenses
Bonus Sales
Insurance
Net Profit/Net Loss

XX
(X)
X

X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
(X)
X/(X)

Balance Sheet as at 31 XXX 20XX

Details
Fixed Asset:

Cost

Acc. Depreciation

Premises
Equipment

X
X
X

X
X
(X)

Current Assets:
Closing Stock
Debtors
Less. Provision for Doubtful Debts
Cash at Bank
Cash in hand
Any expenses prepaid
Less. Current liabilities:
Creditors
Bank Overdraft
Any expenses owing
Working Capital
Net Assets
Less Long-term liabilities (loan):
Mortgage Loan
Bank Loan
Net Worth
Financed By:
Capital
(+)Net Profit
(-)Drawings
Match Net Worth

Net Book
Value
X
X
X

X
X
(X)

X
X
X

X
X
X
X
X

(X)
X
X

X
X

(X)
XX

X
X
(X)
XX