Items of debit side of Profit & Loss Account

1. Gross loss transferred from trading.
2. Office and administrative expenses: Office salaries, office rent, office lighting, printing and stationery, legal charges, general expenses, audit fees, insurance, postage etc.
3. Financial expenses: Interest on loan, discount allowed, bank charges, interest on capital etc.
4. Selling expenses: Salesman salaries and commission, advertising, brokerage commission, free samples, bad debts, traveling expenses etc.
5. Distribution expenses: Carriage outwards, warehouse expenses, warehouse rent and insurance, delivery van expenses, packing expenses etc.
6. Other items: Depreciation on fixed assets, provision for bad debts, repairs and renewable etc.