List of Important Head Trading and Profit and Loss Account


Income Sale of Goods
Income Sale of services
Income Interest income
Income Dividend income
Income Profit on sale of fixed assets
Income Profit on sale of other investment
Income Rent Received
Income Commission Received
Income Profit on account of currency fluctuation
Income Agriculture Income
Income Round Off Credit Balance
Income Other Income
Income Closing Stock Raw material
Income Closing Work-in-progress
Income Closing Finished goods
 
Direct Exp. Opening Stock Raw material
Direct Exp. Opening Stock Work-in-progress
Direct Exp. Opening Finished goods
Direct Exp. Purchases (net of refunds and duty or tax, if any)
Direct Exp. Custom duty
Direct Exp. Service tax
Direct Exp. VAT/Sales tax
Direct Exp. Any other tax, paid or payable
Direct Exp. Freight Inward
Direct Exp. Consumption of stores and spare parts
Direct Exp. Power and fuel
Direct Exp. Salary Factory
Direct Exp. Wages
Direct Exp. Bonus Factory
Direct Exp. Factory Rent

Indirect Exp. Office Rent
Indirect Exp. Repairs to building
Indirect Exp. Repairs to plant, machinery or furniture
Indirect Exp. Salary Administrative
Indirect Exp. Bonus Administrative
Indirect Exp. Insurance Including Factory, Office, Car, Goods etc.
Indirect Exp. Workmen and staff welfare expenses
Indirect Exp. Entertainment Expenses
Indirect Exp. Hospitality Expenses
Indirect Exp. Conference Expenses
Indirect Exp. Sales promotion
Indirect Exp. Advertisement Expenses
Indirect Exp. Commission Expenses
Indirect Exp. Royalty
Indirect Exp. Professional, Consultancy fees and Fee for technical services
Indirect Exp. Hotel, boarding and Lodging
Indirect Exp. Domestic Traveling expenses
Indirect Exp. Foreign traveling expenses
Indirect Exp. Conveyance expenses
Indirect Exp. Telephone expenses
Indirect Exp. Guest House expenses
Indirect Exp. Club expenses
Indirect Exp. Festival celebration expenses
Indirect Exp. Gift
Indirect Exp. Donation
Indirect Exp. Rates and taxes (e.g. House Tax Water Tax)
Indirect Exp. Service tax
Indirect Exp. VAT/Sales tax Written Off
Indirect Exp. Audit fee
Indirect Exp. Other expenses (Specify amount and nature)
Indirect Exp. Bad debts written off
Indirect Exp. Bank Interest Paid
Indirect Exp. Other Interest Paid
Indirect Exp. Domestic Bank Charges
Indirect Exp. Foreign Bank Charges
Indirect Exp. Postage and Courier
Indirect Exp. Printing and Stationery
Indirect Exp. Current Tax
Indirect Exp. Deferred Tax
Indirect Exp. Round Off Debit Balance
Indirect Exp. Office Expenses
Indirect Exp. Accounting Charges
Indirect Exp. License and Legal Expenses

Leave a Reply