Final Accounts, we need your valuable feed back

1. P.L.SUBRAHMANYAM (964 27 33 2 11)
The following is the Pro-forma Trading Account:
TRADING ACCOUNT FOR THE YEAR EDNING _ _ _ _ _ _ _ _ _ _ _
DR CR
PARTICULARS AMOUNT AMOUNT PARTICULARS AMOUNT AMOUNT
To Opening Stock XXX By Sales XXX
To Purchases XXX By Sales Return
(Return Inward)
(XXX) XXX
To Purchase Returns
(Return Outwards)
(XXX) XXX By Closing Stock XXX
To Wages XXX By Gross Loss C/d * XXX
O/s Wages XXX XXX
To Octroi XXX
To Carriage Inwards XXX
To Import / Customs
Duty
XXX
To Coal / Gas / Water
/ Power, etc… XXX
To Factory Rent XXX
To Factory Expenses XXX
To Customs Insurance XXX
To Commission on
Purchases XXX
To Gross Profit C/d * XXX
XXXX XXXX
*EITHER OF TWO WILL APPEAR

2. P.L.SUBRAHMANYAM (964 27 33 2 11)
The following is the Pro-forma Profit and Loss A/c:
Profit and Loss Account FOR THE YEAR EDNING _ _ _ _ _ _ _ _ _ _ _
DR CR
PARTICULARS AMOUNT AMOUNT PARTICULARS AMOUNT AMOUNT
To Gross Loss b/d XXX By Gross Profit XXX
To Management
Expenses
By Discount
Received
XXX
Office Salaries &
Wages
XXX By Interest Received XXX
Office Rent & Taxes XXX By Dividends
Received
XXX
Office Lighting XXX By Interest on
Drawings
XXX
Office Insurance XXX By Rent Received XXX
Printing & Stationery XXX By Commission
Received
XXX
Telephone XXX By Profit on Sale of
Assets
XXX
Postage & Telegram XXX By Bad debt
Received
XXX
Legal Expenses XXX By Interest on Bank
Deposit
XXX
Audit Fee XXX By Sundry Income XXX
Miscellaneous
Expenses
XXX
General Expenses XXX XXXX
To Selling &
Distribution
Godown Rent XXX
Packing Expenses XXX
Advertisement XXX
Assets Commission XXX
Bad Debts XXX XXXX

3. P.L.SUBRAHMANYAM (964 27 33 2 11)
To Financial
Expenses
To Net Loss
Transferred to
Capital Account *
XXX
Discount Allowed XXX
Interest on Capital XXX
Interest on Loans XXX XXXX
To Maintenance
Expenses
Repairs to Building XXX
Repairs to Furniture XXX
Repairs on Machinery XXX XXXX
To Depreciation on
Fixed Assets
On Buildings XXX
On Machinery XXX
On Furniture XXX XXXX
To Net Profit
Transferred to
Capital Account *
XXXX
XXXX XXXX
*EITHER OF TWO WILL APPEAR
Closing Entries:
1 Trading A/c………………..Dr
To Profit & Loss A/c
(Being the transfer of gross profit)
XXX
XXX
2 Profit & Loss A/c…………Dr
To Indirect Expenses A/c
(Being various indirect expenses transferred)
XXX
XXX
3 Indirect Incomes A/c….Dr
To Profit & Loss A/c
(Being various indirect incomes transferred)
XXX
XXX
4 *Profit & Loss A/c………..Dr
To Capital A/c
(Being Net Profit transferred to Capital A/c)
XXX
XXX
*Capital A/c………………..Dr
To Profit & Loss A/c
(Being Net Loss transferred to Capital A/c)
XXX
XXX
*EITHER OF TWO WILL APPEAR

4. P.L.SUBRAHMANYAM (964 27 33 2 11)
The following is the Pro-forma Balance Sheet:
(In order to performance)
Balance of M/s _ _ _ _ _ _ _ _ _ _ _ as on _ _ _ _ _ _ _ _ _ _ _ _
LIABILITIES AMOUNT AMOUNT ASSETS AMOUNT AMOUNT
Capital Accounts Fixed Assets
Capital Accounts XXX Good will XXX
Current Accounts XXX XXX Patents XXX
Trade Marks XXX
Land and Building XXX
Long-Term liabilities Plant and Machinery XXX
Debentures XXX Furniture XXX
Loans on Mortgage XXX XXXX Investments XXX XXX
Current Liabilities Current Assets
Bank overdraft XXX Stock in trade XXX
Sundry Creditors XXX Sundry Debtors XXX
Bills Payable XXX Bills Receivable XXX
O/s Expenses XXX P/p Expenses XXX
Income receivable
in Advance
XXX XXX Accrued Income XXX
Cash XXX
Bank XXX XXX
XXXX XXXX

5. P.L.SUBRAHMANYAM (964 27 33 2 11)
The following is the Pro-forma Balance Sheet:
(In order to liquidity)
Balance of M/s _ _ _ _ _ _ _ _ _ _ _ as on _ _ _ _ _ _ _ _ _ _ _ _
LIABILITIES AMOUNT AMOUNT ASSETS AMOUNT AMOUNT
Current Liabilities Current Assets
Bank overdraft XXX Stock in trade XXX
Sundry Creditors XXX Sundry Debtors XXX
Bills Payable XXX Bills Receivable XXX
O/s Expenses XXX P/p Expenses XXX
Income receivable
in Advance
XXX XXX Accrued Income XXX
Cash XXX
Bank XXX XXX
Long-Term liabilities
Debentures XXX
Loans on Mortgage XXX XXXX Fixed Assets
Good will XXX
Patents XXX
Trade Marks XXX
Capital Accounts Land and Building XXX
Capital Accounts XXX Plant and Machinery XXX
Current Accounts XXX XXX Furniture XXX
Investments XXX XXX
XXXX
Investments XXX XXX

6. P.L.SUBRAHMANYAM (964 27 33 2 11)
The following is the Pro-forma Balance Sheet:
(General)
Balance of M/s _ _ _ _ _ _ _ _ _ _ _ as on _ _ _ _ _ _ _ _ _ _ _ _
LIABILITIES AMOUNT AMOUNT ASSETS AMOUNT AMOUNT
Capital XXX Cash in Hand XXX
+ Net Profit XXX Cash at Bank XXX
Or Land & Building XXX
- Net Loss (XXX) -Depreciation (XXX) XXX
XXX
+Interest on Capital XXX Furniture and Fittings XXX
XXX -Depreciation (XXX) XXX
-Drawings (XXX)
XXX Plant and Machinery XXX
-Interest on Drawings (XXX) -Depreciation (XXX) XXX
XXX
-Income Tax (XXX) Loose Tools XXX
XXX Free hold premises XXX
-Life Insurance (XXX) XXX Trade marks XXX
Patents XXX
Investments XXX
Sundry Creditors XXX Goodwill XXX
Bank Overdraft XXX Bills Receivable XXX
Bank Loan XXX Sundry Debtors XXX
Bill Payable XXX P/p Expenses XXX
O/s Expenses XXX Accrued Income XXX
Income Receivable in
Advance
XXX Closing Stock XXX
XXXX XXXX