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प्रश्न
Give the performa of income statement and balance in vertical form.
रोजकीर्द नोंद
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उत्तर
| Income statement for the period ended …. | ||
| Particulars | Amount ₹ |
Amount ₹ |
| Sales (Gross) | xx | |
| Less: Returns | xx | |
| Net Sales | xx | xx |
| Cost of goods sold | ||
| Opening Stock | xx | |
| Purchases | xx | |
| Less: Returns | xx | |
| Carriage Inwards | xx | |
| Wages | xx | |
| Cost of Goods Available for Sale | xx | |
| Less: Closing Stock | xx | |
| Gross Profit | xx | |
| Operating Expenses | ||
| (a) Selling Expenses | ||
| Advertising | xx | |
| Discount | xx | |
| Allowances | xx | |
| Bad-Debts and Provisions | xx | |
| Carriage Outwards | xx | |
| Total Selling Expenses | xx | xx |
| (b) General and Administration Expenses | ||
| Salaries | xx | |
| Rent and Rates | xx | |
| Insurance | xx | |
| Depreciation | xx | |
| Postage | xx | |
| Repairs | xx | |
| General Expenses | xx | |
| Total Operating Expenses | xx | |
| Net Income from Operations (Operating profit) | xx | |
| Other Income (Non-operating gains) | xx | |
| Interest Earned | xx | |
| Commission Earned | xx | |
| Profit on Sale of Fixed Assets | xx | |
| Less: Deductions (Non-operating expenses) | xx | |
| Interest Paid | xx | |
| Loss by Fire | xx | xx |
| Net Non-operating Gains | ||
| Net Income (Net profit) | xx | |
| Income statement for the period ended …. | ||
| Particulars | Amount ₹ | Amount ₹ |
| Current Assets | ||
| Cash in Hand | ||
| Cash at Bank | ||
| Bills Receivable | ||
| Accrued Income | ||
| Debtors | ||
| Stock | ||
| Prepaid Expenses | ||
| Total Current Assets | ||
| Less: Current Liabilities | ||
| Bank Overdraft | ||
| Outstanding Expenses | ||
| Bills Payable | ||
| Trade Creditors | ||
| Income Received in Advance | ||
| Total Current Liabilities | ||
| Net Working Capital | ||
| (Current assets and Current liabilities) | ||
| Fixed Assets | ||
| Furniture and Fixtures | ||
| Patents | ||
| Plants and Machinery | ||
| Building | ||
| Land | ||
| Goodwill | ||
| Total Fixed Assets | ||
| Total Assets (After paying current liabilities) | ||
| Capital Employed | ||
| Long-term Liabilities | ||
| Loan | ||
| Mortgage | ||
| Total Long-term Liabilities | ||
| Net Assets (being the difference between total assets and long-term liabilities) | ||
| Capital (Proprietor) | ||
| Capital in the Beginning | ||
| Add: Capital Introduced During the Current Year | ||
| Interest on Capital, Salary, etc. | ||
| Profit for the Current Year | ||
| Less: Drawings During the Current Year | ||
| Interest on Drawings | ||
| Loss for the Current Year | ||
| Total Capital of the Proprietor at the End of the Year | ||
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