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Trading Profit & Loss Account Summary

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0% found this document useful (0 votes)

98 views2 pages

Trading Profit & Loss Account Summary

Uploaded by

aneesmkb313

We take content rights seriously. If you suspect this is your content, claim it here.

Available Formats

Download as PDF, TXT or read online on Scribd

Work 20

Trading and Profit & Loss account

Particular Amount Particular Amount

Opening stock 30500 Sales 55300

Less Sales return 3200 52100
Purchase 21300
Less Purchase return 2300 19000

Direct expense 3950 Closing stock 33300

Wage 2000

Carriage inward 500

Manufacturing charge 1450

Gross profit c/d 31950

Total 85400 85400

Gross profit b/d 31950

Indirect experience 2000 Indirect income 3800

Audit fee 1000 Rent received 300

Repairing charge 250 Commission reserved 300

Discount allowed 500 Discount received 700

Traveling experience 250 Interest received 2500

Net profit c/d 33750

Total 35750 35750

Balance sheet
Liability Amount Asset Amount

Capital 62600 59600 Fixed asset

Less Drawings 3000
Plant and machinery 15000
Investment 25000

Current asset

Current liability Cash in hand 2700

Sundry creditors 12000 Cash at bank 12350

Closing stock 33300

Net profit 33750 Sundry debtors 17000

Total 105,350 105,350

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Trading Profit & Loss Account Summary

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Trading Profit & Loss Account Summary

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Work 20

Trading and Profit & Loss account

Opening stock 30500 Sales 55300

Direct expense 3950 Closing stock 33300

Carriage inward 500

Manufacturing charge 1450

Gross profit c/d 31950

Total 85400 85400

Gross profit b/d 31950

Indirect experience 2000 Indirect income 3800

Audit fee 1000 Rent received 300

Repairing charge 250 Commission reserved 300

Discount allowed 500 Discount received 700

Traveling experience 250 Interest received 2500

Net profit c/d 33750

Total 35750 35750

Capital 62600 59600 Fixed asset

Current liability Cash in hand 2700

Sundry creditors 12000 Cash at bank 12350

Closing stock 33300

Net profit 33750 Sundry debtors 17000

Total 105,350 105,350

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