3  Finding out Profit or Loss :

In the Books of ___________________________________________________________

Statement of Profit or Loss   For the year ended 31^st March, 201…

Particulars	Amount	Amount
Closing Capital (Capital at the end)                               Add: Drawings            Cash            Goods            Private Expenses               Less:  Additional Capital/Further Capital                      in                   cash                                                                                                            In Goods                Less:  Opening Capital (Capital at the beginning)              Profit before Adjustments / Gross Profit              Add:  Incomes and Gains:             1)  Interest on Investment             2)  Prepaid Expenses             3)  Interest on Drawings             4)  Outstanding Incomes             5)  Reserve for Discount on Creditors             6)  Under valuation of Assets             7)  Overvaluation of Liabilities Less:  Expenses and Losses:             1)  Bad Debts                                                                                                                                     2)  R.D.D.             3)  Depreciation on Fixed Assets             4)  Interest on Loan             5)  Interest on Capital             6)  Outstanding Expenses             7)  Reserve for Discount on Debtors             8)  Overvaluation of Assets             9)  Undervaluation of Liabilities	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
Net Profit / Net Loss during the year	xxx	xxx