Summary Financial Accounting Notes on Final Account (Format of Trading Account with Items) for B.com / BBA / BS / ADP

FINAL ACCOUNTS
Lecture # 04

Format Of Trading Account
Trading Account of _____
For the period of ________


Opening Stock --------- Sales ---------
Purchases --------- Less:-
Less:-
_____ Sales Returns ---------
Purchase Returns --------- Sales Allowances ---------
Purchase Allowance --------- Returas Inward ---------
Return Outward --------- Sale Discount ---------
Goods Distributed as free sample --------- Goods sold on Sale or Return Basis --------
Goods Distributed for charity --------- Gross
- Loss (Transfer to P & L A/c) --------
Goods for Personal use --------- -
--------
Private Purchase --------- -
Goods Taken away by Owner ---------
Purchase Discount ---------
Custom Duty ---------
Import Duty ---------
Excise Duty on goods manufactured
Carriage / Carriage Inward
Cartage / Cartage Inward ---------
Wages / Wages and Salaries
Transportation / Transportation Inward
Coal. Coke ---------
Octroi Duty ---------
Clearing Charges ---------
Landing and Wharf Charges ---------
Insurance in Transit ---------
Freight / Freight Inward ---------
Cargo Expense ---------
Royalty ---------
Dock Charges ---------
Motive Power ---------
Oil. Tallow Grease —------
Cotton. Waste. Oil Seeds. Jute ---
---------
Manufacturing Expenses ---------
Factory Rent ---------
Factory Electricity ---------
Stored Consumed ---------
Gross Profit (Transfer to P & L A/c) ---------
--------- --------
-



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