SHAZAYRA ENTERPRISE

Statement of Profit or Loss for the year ended 30 June 2018

RM RM RM

82,100
Sales
(-) Sales returns/Return inwards (1,800)
Sales discount/Discount allowed (250)
Net Sales 80,050

Less: Cost of Goods Sold

Opening inventory 33,000
Purchases (35600-350) 35,250
(-) Purchase returns/ Return outwards (2,000)
(-) Purchase discounts/Discount received (3,700)
Net Purchases 29,550
Add: Expenses on purchases
Carriage inwards 500
Cost of goods purchased 30,050
Cost of goods available for sale 63,050
(-) Closing inventory (25,000) 38,050
Cost of goods sold (38,050)
Gross Profit 42,000

Add: Revenues
Commission received (2790+210) 3,000

Less: Expenses
Salary and wages 21,600
Rent expenses 12,000
Insurance expenses 1,090
Water and electricity expenses (1350+150) 1,500
Depreciation - Office equipment 2,000
Depreciation - motor vehicles 6,400
Bad debt (150+297) 447
Carriage outwards 120
interest on loan expenses 2,000 47,157
(47,157)
Net Loss (2,157)
 SHAZAYRA ENTERPRISE
Statement of Financial Position as at 30 June 201
RM

Non-Current Assets Cost

Office Equipment 10,000
motor vehicles 50,000

Current Assets
Closing inventory
Accounts Receivable / Debtors
(-) Bad debt (year end adjustment)
(-) Allowance for doubtful debt bal c/d
Cash at Bank (26095-120)
Cash in Hand (4400-2400)
Accrued Commission Revenue
Prepaid insurance
Prepaid Rental expenses

Owner’s Equity
Capital biginning 1 July 2017
Add: Net Loss #sopl
(-) Drawings (350+2400)
Capital ending 30 June 2018

Non Current Liabilities

10% Loan from MM Bank

Current Liabilities
Accounts Payable / Creditors
Accrued Interest on loan expenses
Accrued Water and electricity expenses
PRISE
n as at 30 June 2018
RM RM

Accumulated
depreciation Carrying value
6,000 4,000
24,400 25,600
29,600

25,000
20,000
(150)
(397)
25,975
2,000
210
205
1,000
73,843
103,443

65,000
(2,157)
(2,750)
60,093

30,000

11,200
2,000
150
13,350
103,443
 LALA TRADING
Statement of Profit or Loss for the year ended 31 December 2018
RM RM RM

104,100
Sales
(-) Sales returns/Return inwards (1,100)
Sales discount/Discount allowed (500)

Net Sales 102,500

Less: Cost of Goods Sold

Opening inventory 20,570
Purchases (68700-1200) 67,500
(-) Purchase returns/ Return outwards (950)
(-) Purchase discounts/Discount received (400)
Net Purchases 66,150
(+) Expenses on purchases
Carriage inwards 600
Cost of goods purchased 66,750
Cost of goods available for sale 87,320
(-) Closing inventory (15,000) 72,320
Cost of goods sold (72,320)
Gross Profit 30,180

Add: Revenues
Commission received 1,500
Rent Recceived 4,000
5,500
Less: Expenses
Salary and wages 5,050
Rent expenses (3000-2000) 1,000
Insurance expenses 2,000
Water and electricity expenses (1770+500) 2,270
Carriage outwards 750
Petrol expenses 750
Advertisement expenses 8,900
Depreciation - Office equipment 1,050
Depreciation - motor vehicles 2,097
Depreciation - furniture and fittings 2,250
Bad debt (1000+4937) 5,937
interest on loan expenses 2,500 34,554
(34,554)
Net Profit 1,126
 LALA TRADING
Statement of Financial Position as at 31 December
RM

Non-Current Assets Cost

Office Equipment 10,500
Motor vehicles 23,300
Furniture and Fittings 15,000

10% Fixed Deposit

Current Assets
Closing inventory
Accounts Receivable / Debtors
(-) Bad debt (year end adjustment)
(-) Allowance for doubtful debt bal c/d
Cash at Bank
Cash in Hand (5700-800)
Prepaid rent expenses

Owner’s Equity
Capital biginning 1 January 2018
Add: Net Profit #sopl
(-) Drawings (1200+800+2100)
Capital ending 31 December 2018

Non Current Liabilities

10% Loan from MYB Bank

Current Liabilities
Accounts Payable / Creditors
Accrued Interest on loan expenses
Accrued Water and electricity expenses
G
at 31 December 2018
RM RM

Accumulated
depreciation Carrying value
5,250 5,250
4,427 18,873
11,250 3,750
27,873

25,000

15,000
75,370
(1,000)
(7,437)
27,200
4,900
2,000
116,033
168,906

92,380
1,126
(4,100)
89,406

50,000

26,500
2,500
500

29,500
168,906
 EXCLUSIVE MINI MART
Statement of Profit or Loss for the year ended 31 December 2017
RM RM RM

137,950
Sales
(-) Sales returns/Return inwards (2,500)
Net Sales 135,450

Less: Cost of Goods Sold

Opening inventory 200
Purchases 84,500
(-) Purchase returns/ Return outwards (2,300)
(-) Purchase discounts/Discount received (2,800)
Net Purchases 79,400
(+) Expenses on purchases
Carriage inwards 1,500
Cost of goods purchased 80,900
Cost of goods available for sale 81,100
(-) Closing inventory (34,600) 46,500
Cost of goods sold (46,500)
Gross Profit 88,950

Add: Revenues
Interest Income received 5,000

Less: Expenses
Salary and wages (20900+1900) 22,800
Rent expenses (24000-4800) 19,200
Insurance expenses (3850+350) 4,200
Water and electricity expenses (3600+650) 4,250
General expenses 1,200
Depreciation - Office equipment 3,000
Depreciation - motor vehicles 9,600
Depreciation - furniture and fittings 2,100
Bad debt (2500+246) 2,746
interest on loan expenses 4,250 73,346
(73,346)
Net Profit 20,604
 EXCLUSIVE MINI MART
Statement of Financial Position as at 31 December
RM

Non-Current Assets Cost

Office Equipment 15,000
Motor vehicles 60,000
Furniture and Fittings 21,000

Investment

Current Assets
Closing inventory
Accounts Receivable / Debtors
(-) Bad debt (year end adjustment)
(-) Allowance for doubtful debt bal c/d
Cash at Bank
Cash in Hand (5700-800)
Prepaid rent expenses
Accured Interest income Received

Owner’s Equity
Capital biginning 1 January 2017
Add: Net Profit #sopl
Capital ending 31 December 2017

Non Current Liabilities

Loan from Bank

Current Liabilities
Accounts Payable / Creditors
Accrued Interest on loan expenses
Accrued Water and electricity expenses
Accured salaries expenses
Accured insurance expenses
MART
at 31 December 2017
RM RM

Accumulated
depreciation Carrying value
6,000 9,000
21,600 38,400
2,100 18,900
66,300

50000

34,600
14,800
(2,500)
(246)
70,000
3,600
4800
5000
130,054
246,354

120,000
20,604
140,604

85,000

13,600
4,250
650
1,900
350
20,750
246,354
 FYY SDN BHD
Statement of Profit or Loss for the year ended 30 June 2017
RM RM RM

37,560
Sales
(110)
(-) Sales returns/Return inwards
(215)
Sales discount/Discount allowed
Net Sales 37,235

Less: Cost of Goods Sold

Opening inventory 3,415
Purchases (20310-800) 19,510
(-) Purchase returns/ Return outwards (132)
(-) Purchase discounts/Discount received (175)
Net Purchases 19,203
(+) Expenses on purchases
Carriage inwards 1,125
Cost of goods purchased 20,328
Cost of goods available for sale 23,743
(-) Closing inventory (4,600) 19,143
Cost of goods sold (19,143)
Gross Profit 18,092

Add: Revenues
Comission received (740+250) 990
Rent received 700
1,690
Less: Expenses
Salary and wages 4,105
Rent expenses 1,200
Insurance expenses 1,000
Maintenance and petrol expenses 1,160
Advertisement expenses (4250-1500) 2,750
Carriage outwards 250
Telephone and electricity expense 610
Depreciation - Office equipment 1,078 Depreciation
Depreciation - motor vehicles 720 Depreaciatio
Depreciation - fixture and fittings 252 Depreciation:
Bad debt (1600+119) 1,719
interest on loan expenses 300
1 year loan to Shimee 2,500 17,644
(17,644)
Net Profit 2,138
 FYY SDN BHD
Statement of Financial Position as at 30 June 20
RM

Non-Current Assets Cost

Office Equipment 10,780

Motor vehicles 18,000

Fixture and Fittings 2,520

Investment

Current Assets
Closing inventory
Accounts Receivable / Debtors
(-) Bad debt (year end adjustment)
(-) Allowance for doubtful debt bal c/d
Cash at Bank
Cash in Hand (1630-500)
Prepaid advertisement expenses
Accured comission Received

Owner’s Equity
Capital biginning 1 July 2016
Add: Net Profit #sopl
(-) Drawing (1900+800+500)
Capital ending 30 June 2017

Non Current Liabilities

Loan from Affuan Bank

Current Liabilities
Accounts Payable / Creditors
Accrued Interest on loan expenses
2,880
1,078
252

2478
n as at 30 June 2017
RM RM

Accumulated
depreciation Carrying value Cost ACC Dep NBV
10,780 980+107 2,058 8,722
2,058 8,722 8
18,000 3600+28 6,480 11,520
4,320 13,680 80
252 2,268 2,520 252 2,268
24,670

4,600
6,580
(1,600)
(249)
5,270
1,130
1500
250
17,481
42,151 42491

30,658
2,138 2,478
(3,200)
29,596

8,000

4,255
300
4,555
42,151 42491
 MATAF TRADING
Statement of Profit or Loss for the year ended 31 December 2016
RM RM

Sales
(-) Sales returns/Return inwards
Sales discount/Discount allowed
Net Sales

Less: Cost of Goods Sold

Opening inventory 15,000
Purchases 50,000
(-) Purchase returns/ Return outwards (600)
(-) Purchase discounts/Discount received (500)
Net Purchases 48,900
Add: Expenses on purchases
Custom on duty purchases 2,000
Carriage inwards 2,200
Cost of goods purchased 53,100
Cost of goods available for sale 68,100
(-) Closing inventory (5,000)
Cost of goods sold
Gross Profit

Add: Revenues

Interest received on fixed deposit (3000+1250)

Less: Expenses
Staff salaries 28,800
Rent expenses 24,000
Insurance expenses (4000-1500) 2,500
Electricity, water and telephone expenses (5000+800) 5,800
Motor and vehicle expenses 6,000
Advertising expenses 3,400
Stationery expenses 500
Staff sales comissions 3,500
Depreciation - Office equipment 6,000
Depreciation - motor vehicles 12,150
Carriage outwards (5700-2200) 3,500
Bad debt (2,000)
interest on loan expenses 5,000

Net Profit
 MATAF TRADING
mber 2016 Statement of Financial Position as at 31
RM

200,000
Non-Current Assets
(500) Office Equipment
(450) motor vehicles
199,050

Fixed Deposit

Current Assets
Closing inventory
Accounts Receivable / Debtors
(-) Bad debt (year end adjustment)
(-) Allowance for doubtful debt bal c/d
Cash at Bank (75000-800)
Accrued Interest on fixed deposit revenue
Prepaid insurance expenses

63,100
(63,100) Owner’s Equity
135,950 Capital biginning 1 July 2017
Add: Profit #sopl
(-) Drawings (7000+800)
Capital ending 30 June 2018
4,250

Non Current Liabilities

10% Loan from CHIM Bank

Current Liabilities
Accounts Payable / Creditors
Accrued Interest on loan expenses
Accrued electricity, water and telephon expenses

99,150
(99,150)
41,050 42800
MATAF TRADING
al Position as at 31 December 2016
RM RM RM

Accumulated
Cost depreciation Carrying value
30,000 18,000 12,000
150,000 40,650 109,350
121,350

60,000

5,000
50,000
(2,000)
1,000
74,200
1,250
1,500
130,950
312,300

213,250
41,050
(7,800)
246,500

50,000

10,000
5,000
800
15,800
312,300
 MONA ENTERPRISE
Statement of Profit or Loss for the year ended 31 December 2015
RM RM RM

109,200
Sales
(-) Sales returns/Return inwards (3,900)
Sales discount/Discount allowed (1,040)
Net Sales 104,260

Less: Cost of Goods Sold

Opening inventory 6,500
Purchases 52,000
(-) Purchase returns/ Return outwards (3,120)
(-) Purchase discounts/Discount received (1,560)
Net Purchases 47,320
Add: Expenses on purchases
Carriage inwards 2,080
Cost of goods purchased 49,400
Cost of goods available for sale 55,900
(-) Closing inventory (10,400) 45,500
Cost of goods sold (45,500)
Gross Profit 58,760

Add: Revenues
Commission received (3900+1040) 4,940

Less: Expenses
Salary and wages 23,400
Rent expenses 15,600
Insurance expenses (1820-260) 1,560
Telephone and electricity expenses (1300+200) 1,500
General expenses (520-200) 320
Depreciation - Office equipment 3,640
Depreciation - furniture and fittings 2,210
Bad debt (840-500) 340
Carriage outwards 4,160
interest on loan expenses (1300+260) 1,560 54,290
(54,290)
Net Profit 9,410
 MONA ENTERPRISE
Statement of Financial Position as at 31 December
RM

Non-Current Assets Cost

Office Equipment 39,000
Furniture and fittings 44,200

Current Assets
Closing inventory
Accounts Receivable / Debtors
(-) Bad debt (year end adjustment)
(-) Allowance for doubtful debt bal c/d
Cash at Bank
Cash in Hand (3900-500)
Accrued Commission Revenue
Prepaid insurance

Owner’s Equity
Capital biginning 1 July 2017
Add: Net Profit #sopl
(-) Drawings (7800+500)
Capital ending 30 June 2018

Non Current Liabilities

Bank loan

Current Liabilities
Accounts Payable / Creditors
Bank Overdraft
Accrued Interest on loan expenses
RISE
at 31 December 2015
RM RM

Accumulated
depreciation Carrying value
6,240 32,760
4,030 40,170
72,930

10,400
16,640
(840)
(1,580)

3,400
1,040
260
29,320
102,250

61,360
9,410
(8,300)
62,470

26,000

8,320
5,200
260
13,780
102,250
 PAK RAMLI TRADING
Statement of Profit or Loss for the year ended 31 December 2015
RM RM RM

775,400
Sales
(-) Sales returns/Return inwards (4,200)
Sales discount/Discount allowed

Net Sales 771,200

Less: Cost of Goods Sold

Opening inventory 45,800
Purchases (541300+3550) 544,850
(-) Purchase returns/ Return outwards (2,480)
(-) Purchase discounts/Discount received
Net Purchases 542,370
Add: Expenses on purchases
Duty on purchases 2,200
Carriage inwards 3,420
Cost of goods purchased 547,990
Cost of goods available for sale 593,790
(-) Closing inventory (34,890) 558,900
Cost of goods sold (555,350)
Gross Profit 212,300

Add: Revenues
Interest received 13,500
Rentals received 35,500
Commission received 16,800
65,800
Less: Expenses
Salary and wages 1 122,680
Rent expenses 2 28,100
Stationeries expenses 3 13,700
Motor vehicle expenses (114580-10200) 4 104,380
Water and electricity expenses (30500+1250) 5 31,750
Commission expenses 6 15,500
Depreciation - Office equipment 7 12,500
Depreciation - Furniture and fittings 8 11,850
Depreciation - motor vehicles 9 108,000
Bad debt (1200-760) 10 440
Carriage outwards 11 3,540
interest on loan expenses 12 10,833 463,273
(5% x 520,000 x 5/12) (453,524)
Net Loss (185,173)
 PAK RAMLI TRADING
Statement of Financial Position as at 31 December
RM

Non-Current Assets Cost

Office Equipment 125,000
motor vehicles 560,000
Furniture and fittings 118,500

15% Fixed deposit

Current Assets
Closing inventory
Accounts Receivable / Debtors
(-) Bad debt (year end adjustment)
(-) Allowance for doubtful debt bal c/d
Cash at Bank
Cash in Hand
Accrued Interest received Revenue

Owner’s Equity
Capital biginning 1 January 2015
Add: Net Loss #sopl
(-) Drawings (2500+10200)
Capital ending 31 December 2015

Non Current Liabilities

5% SMM Bank loan

Current Liabilities
Accounts Payable / Creditors (72500+3550)
Accrued Interest on loan expenses
Accrued Water and electricity expenses

185173
DING
at 31 December 2015
RM RM

Accumulated
depreciation Carrying value
37,500 87,500
128,000 432,000
31,550 86,950
606,450

120,000

34,890
84,800
(1,200)
(4,180)
112,400
12,500
13,500
252,710
979,160

568,900
(185,173)
(12,700)
371,027

520,000

76,050
10,833
1,250
88,133
979,160