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Company Name or Person Manufacturing Account for the period ended December 31, 19__ XXX XXX XXX XXX (XXX) XXX XXX (XXX) XXX XXX XXX XXX XXX
XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX (XXX) XXX
MANUFACTURING ACCOUNTING
Manufacturing Trading Profit and Loss Account For the period ended December 31, 19__ Sales Less: Return Inwards Net Sales Less: Cost of Goods Sold Finished Goods (opening) Add: Production cost of goods completed Cost of goods available for sale Less: Finished goods (closing) Cost of goods sold Gross Profit Add: Discount Received Other revenues & Gains (e.g. Sale of Scrap materials) Less: Operating Expenses Administrative expenses Selling and distribution expenses Carriage outwards (carriage on sales) Discount allowed (sales discount ) Lighting-office Any expenses paid Add: Any accrued expenses Less: Any prepaid expenses XXX (XXX)
XXX XXX XXX XXX (XXX) (XXX) XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX (XXX)
XXX Salesman salaries XXX Commission on sales XXX Bank charges XXX All expenses which is not directly related with the production XXX Total operating expenses-------------------------------------------------------- ------------------ ---------------- (XXX) Net profit------------------------------------------------------------------------------ ------------------ ---------------- XXX
Company Name or Person Balance Sheet as at December 31, 19__ Fixed Assets Production Machinery--cost Less: Provision for depreciation Office Equipment--cost Premises--cost Total Fixed Assets Current Assets Stocks Raw Materials (closing) Finished Goods (closing) Work-in-progress (closing) Debtors Less: Provision for Bad Debts Any prepaid expenses Bank Cash Total Current Assets Less: Current Liabilities Creditors Bank overdraft Any accrued expenses Total Current Liabilities Working Capital Capital Employed (Net Assets) Financed By: Capital (opening) Add: Net profit Additional capital introduced Less: Drawings Capital (closing) Long Term Liability Loan Capital Employed XXX (XXX)