Professional Documents
Culture Documents
Far110 - Financial Statement
Far110 - Financial Statement
RM RM RM
Sales 11 925
Less: Sales Return (50)
Less: Discount Allowed (310)
Net Sales 11 565
Other Income
Commission Received 950
Rent Revenue 400 1 350
Less: Expenses
Utility Bill 150
Telephone Bill 50
Salary 3 600
Rental Expense 11 000
Total Expense (14 800)
Net Loss (4 581)
TMS Boutique
RM RM RM
ASSETS
Non-current assets
Office Equipment 10 000
Motor Vehicle 48 000
Furniture 5 000
Equipment 2 300
65 300
Current assets
Bank 99 431
Cash 1 340
Account Receivable 3 425
Inventories 28 523 132 719
Total assets 198 019
Owner’s Equity
Capital 140 000
Less: Loss (4 581)
Less: Drawings (400) 135 019
Non-current liabilities
Loan 38 000
Current liabilities
Account payable 25 000
Total owner’s equity and liabilities 198 019