Rs Rs Rs

Sales
Gross Sales XX
Less : Returns (Inwards/Sales) (XX)
NetSales XX
Less : Cost Of Goods Sold
a) Opening Stock
Raw Material XX
W I P XX
Finished Good XX XX
b) Purchase XX
Less : Return (XX) XX
c) Direct Expenses and Fatory expenses
Carriage Inward (Freight) XX
Import Duty XX
Handling Charges XX
Wages and Salaries XX
Power and fuel Xx
FactoryExpenses XX
Depreciation on Machinery XX
Depreciation on Factory Building XX XX
d) Less : Closing Stock
Raw Material XX
WIP XX
Finished Goods XX (XX)
e) Less : Sale of Scrap (XX)
. ' . COGS (a+b+c-d-e) (XX)
Gross Profit XX
Less : Operating Expenses
a) Office and Administration Expenses :
Staff Salaries XX
Rent, Rates and Taxes XX
Unproductive Wages XX
Repairs to premises XX
Insurance XX
Printing and Stationary XX
Office Cleaning XX
Postage and Telephones XX
Staff Welfare Expenses XX
Conveyance Charges XX
Misc. Expenses XX
Depreciation on Office Bldg. & Furniture XX XX
Particulars
Income statement
For Year ended____________________
M/S____________________co
b) Selling Expenses :
Carriage Outwards XX
Commission Allowed XX
Salesman commission/ Salary XX
Travelling Expenses XX
Entertainment Expenses XX
Sales Promotion Expenses XX
Advertising XX
Bad Debts (Normal) XX
Warehouse Expenses XX XX
c) Finance Expenses :
Cash Discount XX
Bank Charges XX
Bank Commission XX
Bad Debts (Abnormal) XX
Foreign Exchange Loss XX XX
.'. Operating Expenses (a+b+c) (XX)
Net Operating profit before interest XX
Less : Interest (XX)
Operating Profit After Interest XX
Add : Non Operating Income
Interest Earned / received XX
Misc. Incomes XX
Profit on sale of Fixed Asset XX
Profit on sale of Investment XX
Interest on Loan given to Outsiders XX
Dividend on Investments (Dividend Received) XX
Compensation received as per Court Order XX XX
Less : Non Operating Expenses & Losses
Loss on sale of Fixed Asset XX
Loss by Fire XX
Loss on sale of Investment XX
Penalty XX (XX)
Net Profit before Tax XX
Less : Income Tax (XX)
Net Profit after Tax XX
Add:Last Year Balance b/f (cr) XX
Less: Transfer to Reserves
Tranfer to Genera Reserve/ CRR/ Capital Reserve (XX)
Less: Preference Dividend (XX)
Less: Proposed dividend (XX)
Less: Interim Dividend (XX)
.'. Retained Earnings XX
Particulars Rs Rs Rs Rs
I. Sources of Funds :
1. Owners' Funds : (Shareholder Fund / Net Worth)
A). Equity Shareholder Fund :
i). Equity Shares Capital XX
Add : B). Reserves and Surplus :
i). Capital Reserve XX
ii). Capital Redemption Reserve XX
iii). Share Premium XX
iv). General Reserve XX
v). Profit & Loss A/C Cr. Balance XX
vi). Sinking Fund / Other Funds XX
Total Reserves and Surplus XX
Less :C). Losses & Fictitious Assets :
i). Profit & Loss A/C Dr. Balance (XX)
ii).Misc. Expenditure not written off
Preliminary Expenses XX
Less: Written Off (XX) XX
Share issue Expenses XX
Discount on issue of Shares & Debentures XX
Deferred Revenue Expenditure XX
Total Losses & Fictitious Assets XX
Total Owners' Funds XX
2. Borrowed Funds :
A). Secured Loans :
i). Debentures or Bonds XX
ii). Loans from Banks XX
iii). Loans from other Financial Institutions XX
Total Secured Loans XX
B). Unsecured Loans :
i). Public Deposits (Fixed Deposits from Public) XX
ii). Other Loans XX
Total Unsecured Loans XX
Total Borrowed Funds XX
Total Funds Available / Capital Employed XX
II. Application of Funds :
1. Net Fixed Assets :
A). Tangible :
i). Land and Building (Cost) XX
Less:Depreciation (XX) XX
ii). Leaseholds (Cost) XX
Less:Depreciation (XX) XX
iii). Plant & Machinery (Cost) XX
Less:Depreciation (XX) XX
iv). Furniture & Fittings (Cost) XX
Less:Depreciation (XX) XX
v). Vehicles (Cost) XX
Less:Depreciation (XX) XX
Net Tangible Assets XX
B). Intangible :
i). Goodwill XX
Less: written Off (XX) XX
ii). Patents, Trademarks & Designs XX
Net Intangible Assets XX
C). Capital Work-in-Progress : XX
Total Net Fixed Assets XX
M/S
Vertical Balance Sheet
Particulars Rs Rs Rs Rs
2. Long Term Investments :
i). Trade Investments XX
ii). Investments in Immoveable Properties XX
iii). Investments in Capital of Partnership Firms XX XX
3. Working Capital :
A) Current Assets
Quick Assets :
a). Cash & Bank XX
b). Debtors (Net) XX
c). Bills Receivable XX
d). Accrued Income XX
e). Short Term / Marketable Investments XX
Total Quick or Liquid Assets XX
Add : Non Quick Assets
i). Inventory XX
ii). Pre-Payments (Prepaid Expenses, Advance Tax etc) XX
Total Non Quick Assets XX
Total Current Assets XX
B) Less: Current Liabilities
a) Quick Liabilities
a). Creditors XX
b). Bills Payable XX
c). Advances Received XX
d). Outstanding Expenses XX
e). Accrued Interest XX
f). Provision for Taxation XX
g). Unclaimed Dividend XX
h). Proposed Dividend XX
Total Quick Liabilities XX
b) Non Quick Liabilities
Add :Bank Overdraft XX
Total Current Liabilities (XX)
Net Current Assets or Working Capital XX
Total Assets or Total Funds Employed