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AccountancyCLASS 11CBSE
answered 23 Jun 2026

Create a list of debit and credit items of P&L Account.

A.VERIFIED ANSWERfact-checked by tutors

PROFIT AD LOSS ACCOUNT

For the year ending on….

Dr. Cr.

ParticularsAmountParticular Amount
To Gross Loss Trf from Trading A/c
To salaries
To Rent and Taxes
To Stationary and Printing
To Postage and Telegrams
To Audit Fees
To Legal Charges
To Telephone Expenses
To Insurance Premium
To Business Promotion Espenses
To Repairs and Renewals
To Depreciation
To Interest
To Sundry Trade Expenses
To Conveyance
To Charity
To Bank Chages
To office Expenses
To Establishment Expenses
To General Expenses
To Loss in Exchange
To License Fee
To Brokage
To Car Running and Maintenance
To Office Lighting
To Loss by Fire, Theft
To Comission
To Advertisement
To Freight and Carriage Outward
To Discount Allowed
To Packing Allowed
To Travelling Expenses
To Distribution Expenses
To Bad Debts
To Net Profit trf to Capital A/c		By Gross profit Trf. From Trading A/c
By Rent Received
By Discount Recevived
By Comission Earned
By Interest Earned
By Bad Debts Recovered
By Income from Invetments
By Dividends on Shares
By Miscellaneous Revenue Gains
By Inconme from any other source
By Net Loss (Trf.to capital A/c)

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ACCOUNTANCY · CLASS 11