Forms and content of Financial statement as per companies act 1956

Format of manufacturing account

Particulars To opening stock Raw material WIP To purchases To wages To all factory exp. To repair to plant and factory building To Deprecation of Plant and building Total
Amount (Dr.)

Particulars By closing stock Raw material WIP By COGS to be transferred to Trading P/L a/c (Balancing figure)

Amount (Cr.)

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Format of ledger Trading account for the year ended 31st Dec 2009
Particulars To opening stock Finished goods To purchases xxxxx Less Returns xxxx To Direct Expenses To Gross profit transferred to P/L account ( Balancing figure ) Amount (Dr.) Xxxxxx Xxxxxx Particulars Amount ( Cr.) By sales xxxxx Less sales return xxxx Xxxxxxx By closing stock xxxxxxx By Goss loss

Xxxxxx Xxxxxx
xxxxxx

Total

Format of profit and loss account

Profit and loss account for the year ended 31st Dec 2009
Particulars
To Gross loss ( transferred from trading account ) To rent To salary ;Commission ;Deprecation ;Dividend ;Bad debts To Interest To Insurance To Printing To Stationary ;Postage ;Discount allowed ;Advertising esp. To Net profit Total

Amount (Dr.)

Particulars By Gross profit (transferred from trading account ) By Dividend recd. BY Interest recd. By Discount recd. By Commission earned By Net loss

Amount ( Cr.)

Balance sheet Profarma

capital Long term liability Loan from bank Creditors Bank OD xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx Current asset xxxxxx Fixes asset xxxxxxxx

Other short term liability

Total

xxxxxxx

Total

Manufacturing Account
It shows the production cost of goods completed during the accounting period.
1. 2. 3. 4. Direct materials Direct labour Direct expenses Factory overhead expenses

Production Cost
Production cost = Prime cost / Direct cost + Factory overhead expenses / Indirect cost