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Final Account Format

The document provides financial statements including a statement of profit or loss and statement of financial position for a company. It shows the company's sales, expenses, assets, liabilities, and equity for the years ended December 31 and June 30, 2018. The statements provide details on the company's revenues, costs, profits, assets, and financing.

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Hasdan
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© © All Rights Reserved
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Download as XLSX, PDF, TXT or read online on Scribd
2K views

Final Account Format

The document provides financial statements including a statement of profit or loss and statement of financial position for a company. It shows the company's sales, expenses, assets, liabilities, and equity for the years ended December 31 and June 30, 2018. The statements provide details on the company's revenues, costs, profits, assets, and financing.

Uploaded by

Hasdan
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Statement of Profit or Loss Account for the year ended 31 Dec ….

Sales / Turnover xxxxxx


Less : Sales return/Return inward (xx)
Discount allowed (xx)
Net Sales xxxxxx
Less : Cost of Goods Sold
Opening stocks xxx
+ Purchases xxx
+ duty import xxx
+ insurance on purchases xxx
+ carriage inward xxx
- Return outward (xx) xxx

- Closing stocks (xxx) (xxxxx) cogs


GROSS PROFIT xxxxx

Add: Revenues/Other Income


Commission received xx
Rental Received xx
Dividend received xx
Interest received xx
Discount Received xx xxxxxx
xxxxxx
LESS: EXPENSES
Wages and salaries xx
Insurance xx
Rent xx
Interest xx
Carriage outwards xx
Advertising xx
Utilities xx
Sationeries xx
General Expenses xx
Bad Debt xx
Depreciation: xx
Motor van xx
Furniture and Fitting xx (xxx)
Net Profit xxx
Statement of Financial Position as at 31 Dec …

Non Current Assets Cost Acc. Depr NBV/Carrying Value


Land and Building xxx - xxx
Motor vehicles xxx (xxx) xxx
Office equipmnt xxx (xxx) xxx
Machinery xxx (xxx) xxx
Fixtures and fitting xxx (xxx) xxx
xxxxxxx
Intangible Assets
Goodwill xx
Patent xx
Copyright xx xxxx

Investments
Fixed Depsodit BIMB xx
Shaes in Celcomm Bhd xx xxx

Current Assets
Cash xx
Bank xx
Account Receivables xx
Inventories xx
Prepaid expenses xx xxx
XXXXX

Financed By
Owners's equity
Capital xx
+ Net Profit xx
- drawing (xx) xxxx

Non Current Liabilities


Long term loan xx
Mortgage xx xxxx

Current Liabilities
Bank overdraf xx
Account Payable xx
Accrued Expenses xx
Revenue received in advance xx xxxx
xxxxxx
Statement of Profit or Loss Account for the year ended 30 June 2018

Sales / Turnover 323,625


Less : Sales return/Return inward (2,700)
Discount allowed (4,000)
Net Sales 316,925
Less : Cost of Goods Sold
Opening stocks 23,000
+ Purchases (180500 - 450) 180,050
+ duty import 500
+ insurance on purchases
+ carriage inward 1,900
- Return outward (2,700) 179,750

- Closing stocks 17,000 185,750


GROSS PROFIT 131,175

Add: Revenues/Other Income


Commission received 400
Rental Received
Dividend received
Interest received
Discount Received (6525 - 1500) 5,025 5,425
136,600
LESS: EXPENSES
Wages and salaries (57070 - 5000) 52,070
Insurance (12100 - 1100) 11,000
Rent
Interest on loan (1250 + 3750) 5,000
Carriage outwards 2,500
Advertising (2,200 + 1000) 3,200
Utilities 4,700
Printing &Sationeries 5,000
General Expenses
Bad Debt 200
Depreciation:
Motor vehicle (10% x 38k) 3,800
Furniture and Fitting (20% x (32700 -11500) 4,240
Telephone (2900 + 3000) 5,900
Commission (6700 + 3000) 9,700
Increase in AFDD 203 107,513
Net Profit 29,087
Statement of Financial Position as at 31 Dec …

Non Current Assets Cost Acc. Depr NBV/Carrying Value


Land and Building 307,300 - 307,300
Motor vehicles 38,000 (15,200) 22,800
Office equipmnt
Machinery
Fixtures and fitting 32,700 (15,740) 16,960
347,060
Current Assets
Cash -
Bank (21000 - 5000-2500) 13,500
Account Receivables (10300 -200) 10,100
Less :AFDD (303) 9,797
Inventories 17,000
Prepaid insurance 1,100
Discount received in adv 1,500

Prepaid wages and salary 5,000 47,897


394,957

Financed By
Owners's equity
Capital 300,270
+ Net Profit 29,087
- drawing (450 + 5000) (5,450) 323,907

Non Current Liabilities


Loan from CIMB 50,000 50,000

Current Liabilities
Bank overdraf -
Account Payable 8,200
Accrued Telepone Exp 3,000
Accrued Comm Exp 3,000
Accrued advertising 1,000
Accrued int on loan 3,750 18,950
392,857 2,100

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