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To Gross Loss-transferred from
trading A/c (if any)
To Salaries or Salaries and Wages
To Rent, rates and taxes or office
rent
To Godown rent or storage or
ware-housing
To Office expenses or establishment
To Miscellaneous expenses or sundry
expenses
To Insurance
To Stationery
To Printing and stationery
To Staff welfare expenses
To Lighting
To Water and Electricity
To Establishment expenses
To Postage and telegrams
To E-mail and Fax charges
To Courier service charges
To Telephone expenses
To Law charges or law cost or
litigation expenses or legal charges
To Repairs and renewals
To Travelling expenses
To Carriage on freight outward
To Interest paid expenses
To Discount allowed expenses
To Bad Debts, provision for bad
debts, etc.
To Depreciation
To Interest on Capital
To Bank Charges
To Commission Paid
To Advertisement
To Sales Tax paid
To Loss on sale of assets
To Net Profit-Transfered to Capital A/c (If credit side exceeds
debit side) - Balancing figure
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By Gross Profit transferred from
trading A/c
By Interest received or interest on
investment
By rent received
By Discount received
By Commission received
By Dividends received
By Profit from sale of assets
By Refund of Tax
By Interest on drawings
By Bad debts recovered
By Miscellaneous receipts
By Appreciation in the value of
assets
By Income from investments
By Reserve for bad and doubtful
debts
By Net Loss-Transferred to Capital A/c (If debit side exceeds
credit side) - Balancing figure
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