Format of Balance Sheet and Profit & loss Account of proprietorship business

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This query is : Resolved

Saikat Karmakar (Querist)

24 June 2025 Dear Sir/Ma'am
I need format of Balance sheet and profit loss Account of business of Printing Press(Proprietorship).
Business is very small turnover(Below 20 Lakh).

Anyone can share this format.

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

12 August 2025 Sure! For a **small proprietorship business like a Printing Press with turnover below ₹20 lakh**, the **Balance Sheet and Profit & Loss Account** formats can be kept simple, following basic accounting principles.

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### **Format of Balance Sheet (Proprietorship)**

| **Balance Sheet as on \[Date]** | Amount (₹) |
| ------------------------------------------- | ---------- |
| **Liabilities** | |
| Capital (Opening) | XXXX |
| Add: Net Profit / Less: Net Loss | XXXX |
| Less: Drawings | XXXX |
| **Capital (Closing)** | XXXX |
| Current Liabilities | XXXX |
| - Creditors | XXXX |
| - Other liabilities (e.g., loans, advances) | XXXX |
| **Total Liabilities** | XXXX |
| | |
| **Assets** | |
| Fixed Assets (Machinery, Furniture, etc.) | XXXX |
| Current Assets | XXXX |
| - Cash & Bank balances | XXXX |
| - Debtors | XXXX |
| - Stock of Printing materials | XXXX |
| - Other current assets | XXXX |
| **Total Assets** | XXXX |

---

### **Format of Profit & Loss Account (Proprietorship)**

| **Profit & Loss Account for the Year ended \[Date]** | Amount (₹) |
| ---------------------------------------------------- | ---------- |
| **Income** | |
| Sales / Revenue | XXXX |
| Other Income (if any) | XXXX |
| **Total Income** | XXXX |
| | |
| **Expenses** | |
| Printing Materials / Consumables | XXXX |
| Salaries / Wages | XXXX |
| Rent | XXXX |
| Electricity / Utilities | XXXX |
| Repairs & Maintenance | XXXX |
| Depreciation (if applicable) | XXXX |
| Other Expenses (Stationery, Conveyance, etc.) | XXXX |
| **Total Expenses** | XXXX |
| | |
| **Net Profit / Loss** | XXXX |

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### Notes:

* Keep it simple, reflecting **only relevant heads** to your business.
* No need for complex schedules unless required by law or lender.
* Maintain proper supporting vouchers and invoices for all entries.

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If you want, I can provide you with an **Excel template** or a **fillable PDF** format for easy use. Interested?

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