income for the
Revenue:
sales
Less: Sales return:
Net Sales
Cost of Goods Sold
Beginning inventory
Purchage’ ! wm
0K
Carriage/Freight In
tece: Purchases returns, allowances & discounts ( 100 )
Net Purchases
Cost of Goods available for sale
Less: Ending inventory
1s and allowances
Gross Profit
Operating Expenses
Selling Expenses
Advertising 10%
Depreciation on Delivery vehicle 200%
Delivery Cost 100
Bad Debt ete. 10%
Administrative Expenses
Salaries 00
Rent & Utilities 10K
Depreciation on office equipment 20K
General Expenses 20K
Loss on ordinary activities etc. x
Total Operating expenses
Operating Income
Other revenues & gains/expenses & losses
Interest /dividend income
Interest expense
Gain/Loss on sale of investment
Gain/Loss on sale of fixed assets
Gain /loss on discontinued operations
Income before tax
Income tax expense
Net Income for the year
‘Add: Retained Earnings b/f
Prior year adjustments
Adjusted retained earnings balance
Less: Cash & Stock Dividends (Paid and proposed)
Retained Earnings c/f
year endinga.-
Li *
2000
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ont‘STATEMENT OF FINANCIAL POSITION FORMAT
Balance Sheet a5 Ben-nerersmm
$ s
ASSETS: $
Current Assets
Cash
Short-term investments
Accounts Receivable
Less: allowance for doubtful debts
Interest receivable
Inventory
Total Current Assets
Non-Current Assets
Property, Plant & Equipment
Land 20x
Less: Accumulated Depreciation 0)
Equipment etc.
Less: Accumulated Depreciation bod
Intangible Assets
Goodwill/Patent/Copyright etc.
Investments
Long-term Bonds/Stock
Total Non-Current Assets
TOTAL ASSETS
LIABILITIES & SHAREHOLDER’S EQUITY
Liabitities
Current Liabilities
Accounts Payable
Notes Payable — current portion
Corporation tax payable etc.
Total Current liabilities
Non-current liabilities
Notes Payable/Bonds Payable
Total Liabilities
Stockholder’s Equity
Paid-in Capital
Common Stock Dividends distributable
Paid-in Capital in excess of par
Retained earnings
Total paid-in capital and retained earnings
Less: Treasury Stock
Total Stockholders’ equity
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY
$
70
KK
20x
a v0.
:
20%
od
xox
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