F Sorley

Statement of Profit or Loss and Other Comprehensive Income For The Year Ended 30 April 2017

RM RM RM
Sales 210420
less: sales return/return inwards: (4,900)
Net sales 205520

Cost of good sold

Opening stock/ inventory 9410
purchases 108,680
less: purchase return/return outwards (3,720)
net purchases 104,960
Carriage inwards 840
cost of goods purchased 105,800
Cost of goods available for sales 115,210
less: closing stock (11,290) (103,920)
gross profit 101,600

Less: expenses
carriage outwards 1,115
salaries and wages 41,800
motor expenses 912
rent 6,800
sundry expenses 318 (50,945)
net profit 50655
 F Sorley
Statement Financial Position As At 30 April 2017 (Balance sheet)

RM RM RM
Non-current assets
motor vehicles 14,400

fixtures and fittings 912 15,312

Current assets
closing stock 11,290
Account receivables/debtors 23,200
Cash in hands 240
bank 4,100 38,830
total assets 54,142

Owners’ equity
Capital 18,827
Net profit 50,655
less: drawings (29,440)
40,042
Current liabilities
Payables/creditors 14,100

total owner's equity and liabilities

54,142
 T Owen
Statement of Profit or Loss and Other Comprehensive Income For The Year Ended 31 March 2019

RM RM RM
Sales 276,400

Net sales

Cost of good sold

Opening stock/ inventory 52,800
purchases 141,300
less: purchase return/return outwards (2,408)
net purchases 138,892
Carriage inwards 1,350
cost of goods purchased 140,242
Cost of goods available for sales 193,042
less: closing stock (58,440) (134,602)
gross profit 141,798

Less: expenses
wages and salaries 63,400
carriage outwards 5,840
business rates 3,800
communication expenses 714
commision paid 1,930
insurance 1,830
sundry expenses 208 (77,722)
net profit 64,076
ar Ended 31 March 2019