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    Format of Financial Statements

    Uploaded by

    Ameerul Harith
    The document provides sample formats for the statement of profit or loss and statement of financial position for a business. The statement of profit or loss format shows sales, cost of goods sold, gross profit, other revenues, expenses, and net profit or loss for the year. The statement of financial position format lists non-current assets such as property, plant, and equipment, intangible assets, investments, and current assets such as inventory, receivables, and cash. It also shows owner's equity, non-current liabilities, and current liabilities, with the totals for assets and liabilities equaling each other.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Format of Financial Statements

    Uploaded by

    Ameerul Harith
    89 views2 pages
    The document provides sample formats for the statement of profit or loss and statement of financial position for a business. The statement of profit or loss format shows sales, cost of goods sold, gross profit, other revenues, expenses, and net profit or loss for the year. The statement of financial position format lists non-current assets such as property, plant, and equipment, intangible assets, investments, and current assets such as inventory, receivables, and cash. It also shows owner's equity, non-current liabilities, and current liabilities, with the totals for assets and liabilities equaling each other.

    Original Title

    FORMAT OF FINANCIAL STATEMENTS

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    The document provides sample formats for the statement of profit or loss and statement of financial position for a business. The statement of profit or loss format shows sales, cost of goods sold, gross profit, other revenues, expenses, and net profit or loss for the year. The statement of financial position format lists non-current assets such as property, plant, and equipment, intangible assets, investments, and current assets such as inventory, receivables, and cash. It also shows owner's equity, non-current liabilities, and current liabilities, with the totals for assets and liabilities equaling each other.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    89 views2 pages

    Format of Financial Statements

    Uploaded by

    Ameerul Harith
    The document provides sample formats for the statement of profit or loss and statement of financial position for a business. The statement of profit or loss format shows sales, cost of goods sold, gross profit, other revenues, expenses, and net profit or loss for the year. The statement of financial position format lists non-current assets such as property, plant, and equipment, intangible assets, investments, and current assets such as inventory, receivables, and cash. It also shows owner's equity, non-current liabilities, and current liabilities, with the totals for assets and liabilities equaling each other.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    FORMAT OF STATEMENT OF PROFIT OR LOSS

    Name of Business
    Statement of Profit or Loss for the year ended …………………………………………( eg 31 December 20XX)
    RM RM RM
    Sales XX
    Less: Sales returns/Return inwards (XX)
    Sales discount/Discount allowed (XX)
    Net Sales XXX

    Less: Cost of Goods Sold


    Opening inventory XX
    Purchases XX
    Less: Purchase returns/ Return outwards (XX)
    Purchase discounts/Discount received (XX)
    Net Purchases XXX
    Add: Expenses on purchases
    Carriage inwards XX
    Duty on purchases XX
    Insurance on purchase XX
    Cost of goods purchased XX
    Cost of goods available for sale XX
    Less: Closing inventory (XX)
    Cost of goods sold (XXX)
    Gross Profit or (Loss) XXX

    Add: Revenues
    Rent received XX
    Commission received XX
    Interest received XX
    XXX
    Less: Expenses
    Salary and wages XX
    Insurance XX
    Rent expenses XX
    Interest expenses XX
    Carriage outwards XX
    (XXX)
    Net Profit or (Loss) XXX

    1
    FORMAT OF STATEMENT OF FINANCIAL POSITION

    Name of Business
    Statement of Financial Position as at ……………………………………….. (eg 31 December 20XX)
    RM RM RM
    Non-Current Assets Cost Accumulated Carrying
    depreciation value
    Land and Building XX (XX) XX
    Motor Vehicles XX (XX) XX
    Office Equipment XX (XX) XX
    Machinery XX (XX) XX
    Fixtures and Fittings XX (XX) XX
    XXX
    Intangible Assets
    Goodwill XX
    Patent XX
    Trademark XX
    Franchise XX

    Investment / Fixed deposit XX


    XXX
    Current Assets
    Closing inventory XX
    Accounts Receivable / Debtors XX
    Cash at Bank / Bank A/C XX
    Cash in Hand / Cash A/C XX
    Prepaid expenses XX
    Accrued revenues XX
    XXX
    XXXX (*)
    Owner’s Equity
    Capital beginning/Capital as at………….. (eg 1 January 2015) XX
    Add: Net Profit (Loss) XX
    Less: Drawings (XX)
    Capital ending/Capital as at ………… (eg 31 December 2015) XX

    Non Current Liabilities


    Long Term Loan XX
    Mortgage on Premises XX
    XX
    Current Liabilities
    Bank overdraft XX
    Accounts Payable / Creditors XX
    Accrued expenses XX
    Prepaid revenues XX
    XX
    XXXX (*)
    Note: (*) Must be the same

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