Particulars

(Expenses)

Amount

Particulars

(Incomes)

Amount

Opening Stock:

Raw Material

Work-in-progress

Finished Goods

Purchases

Less P. Returns

Direct Expenses:

Wages

Carriage inwards

Unloading charges

Gross Profit

(Credit total>Debit total)

Gross Loss

Indirect Expenses:

Salaries

Travelling expenses

Interest

Electricity expense

Telephone bill

Bank charges

General insurance

Sales commission

Delivery charges

Subscriptions

Printing and Stationary

Postage

Conveyance

Repairs and maintenance

License and renewals

Depreciation

Loss on sale of any asset

Carriage outwards

Net Profit

(Represent Liabilities side of Balance Sheet)

xxx

xxx

xxx

xxx

Sales

Less Sales Returns

Direct Income:

Sale of scrap

Insurance claim recovered

Closing Stock:

Raw Material

Work-in-progress

Finished Goods

Gross Loss

(Debit total>Credit total)

Gross Profit

Indirect Incomes:

Interest received

Discount received

Commission received

Dividends received

Any other income

Net Loss

(Represent Assets side of Balance Sheet)

xxx

xxx

xxx

xxx

xxxx

xxxx

xxxx

xxx

xxx

XXXX

xxxx

xxx

xxx

XXXX