Statement of P&L
Sales
Less return inwards
Statement of FP
RM
RM
490,000.00
(20,000.00)
-
Net sales
COGS
Opening inventories
Purchases
Return outwards
Closing inventories
NCA
Pemise
Motor vehicle
38,000.00
179,250.00
(4,150.00)
NET PROFIT
130,000.00
82,500.00
213,100.00
(25,000.00)
212,500.00
CA
Bank
Cash
Debtor
(188,100.00) Stock 31 March 2007
281,900.00 Accrued commission received
81,250.00
10,550.00
60,000.00
25,000.00
2,000.00
-
178,800.00
178,800.00
4,500.00
4,500.00
Less: Operating expenses
Salaries
Water & elecricity
General expenses
Isurance
RM
470,000.00
GROSS PROFIT
Add: Other income
Comission received
RM
120,000.00
26,000.00
6,450.00
28,000.00
CL
Creditor
Accrued insurance
-
(180,450.00) Financed by:
105,950.00 Capital
Net profit
29,450.00
4,000.00
(33,450.00)
145,350.00
357,850.00
251,900.00
105,950.00
357,850.00
-