Trading Account in Financial Account

*Trading Account in Financial Account*

Introduction:- Financial Accounting main purpose is to record all financial transaction for ascertaining the financial position and profit & loss of the firm.

Accounting Period:- Financial Accounts are always prepare for a certain fixed period , generally this period is of a year duration and is called accounting year , this period may be 1 january to 31 December , 1 april to 31 march or Diwali to Diwali.

Trading Account- Trading account is that account in Which we find the Gross Profit & Gross Loss of The Firm. Many account is included for Creating Trading Account.

In Hindi- Trading A/c एक ऐसा Account होता है जिससे संस्था के सकल लाभ एवं सकल हानि को प्राप्त किया जाता है। Trading Account बनाने के लिए विभिन्न प्रकार के Account को शामिल किया जाता है।

As- Direct Expense A/c, Sales A/c, Purchase A/c, Opening Stock, Closing Stock e.t.c

Rule for Creating Trading Account.

Trading Account बनाने के लिए Account को दो भागों में बाटा जाता है । पहला बाया भाग Debit Side, तथा दूसरा दाया भाग Credit भाग होता है।  Debit Side में Opening Stock , Net Purchase ,Direct Expenses को तथा Credit Side में Net Sales तथा  Closing Stock को रखा जाता है।

Net Purchase = Total Purchase-Purchase Return

Net Sales = Total Sales-Sales Return

Gross Profit or Gross Loss= (Total sales-Sales Return) – (Opening Stock + Net Purchase + Direct Expenses-Closing Stock)

Opening Stock                   -                              45000.00

Total Sales                           -                              150000.00

Sales Return                       -                              7000.00

Total Purchase                  -                              60000.00

Freight Inward                  -                              900.00

Clearing Charge                -                              500.00

Insurance                            -                              1500.00

Octroi                                    -                              800.00

Purchase Return              -                              7000.00

Closing Stock                      -                              35000.00

इस तरह से दिये गये उपरोक्त Trading Account Transaction का Gross Profit 76200.00 है ।

इसी प्रकार Gross Profit हम उपरोक्त Formula से भी प्राप्त कर सकते है। जैसे

Gross Profit or Gross Loss = (15000.00-7000.00)-(45000.00+53000.00+3800.00-35000.00)

                                                   =76200.00
Friends ! Trading Account से प्राप्त Amount को Profit & Loss Account में शामिल करेंगे, ताकि Company के  Net Profit  & Net Loss को प्राप्त किया जा सके । और उसके बाद Balance Sheet बनाया जा सके।