Items of credit side of Profit and Loss Account

1. Gross profit transferred from trading account.
2. Various incomes: Discount received, commission received, rent received, interest received, bad debt recovered, commission received etc.

After entering all the expenses and incomes in the debit and credit side of profit and loss account respectively, net profit is found on the debit side of profit and loss account if credit total figure is greater than debit total. But it will be net loss if the debit total is heavier than the credit total.