Electro Bhd E

Statement of Profit or Loss for the year ended 31 December 2018 Statement of Financial
Sales 265,000 Non-current assets
(-) Sales return -150 Land
(-) Sales doscounts -570 Motor vehicles
264,280 Office quipment

Opening stocks 22,500 5% Fixed deposits

Purchase 115,600
(-) Purchase return -800 Current assets
(-) Purchase discounts -1,960 Bank
Insurance on purchase 350 Cash
Cost of goods sold available 135,690 Closing stocks
(-) Closing stock -28,500 A/C Receivable
Cost og goods sold -107,190
Gross profit 157,090 Financed by:
Capital
Others revenue (+) Net profit
Commisison received 9,000 (-) Drawings
166,090
Expenses Non-current liability
Bank charges 1,000 10% loan
Rental expenses 9,600
Stationeries 800 Current liability
Carriage expenses 4,800 A/C Payables
Salaries 78,000
Utilities 8,460
General expenses 8,280
Advertising expense 10,200
-121,140
Net profit 44,950
 Electro Bhd
Statement of Financial Position as at 31 December 2018
Cost Acc.Deprn CV
250,000
96,000 -38,400 57,600
25,000 -5,890 19,110
326,710
50,000

55,800
2,470
28,500
21,500 -610 20,890
484,370

363,600
44,950
-580
407,970

40,000

36,400
484,370