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P & L Pro forma (easy version)

Name of Business
Trading and Profit and Loss Account for the year ended 31 December 2010
$ $
Opening stock + Sales +
Purchases + Less: Sales returns -
Less: Purchases returns - =
Carriage inwards + Or
Less: Stock loss - Cash sales +
Less: Drawings of stock - Credit sales +
Less: Closing stock - Total sales =
Cost of Sales =

Gross profit ?
TL =

Salaries and Wages X Gross profit X


Rental expenses X Discounts received X
Carriage outwards X
Operating expenses X Commission revenue X
Discount allowed X Rental income X
Commission expenses X Interest income X
Interest expenses X Bad debts recovery X
Bad debts X
Increase in Allowance for X Decrease in Allowance for X
doubtful debts doubtful debts
Depreciation: Machinery X
Depreciation: Equipment X
Loss on disposal of Office X Profit on disposal of X
Equipment Office Equipment
Cash loss
Stock loss

Net Profit X
X X

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