Firil Bhd

Trial Balance As At 31 December 2012

Debit
RM
Capital
Drawings
Purchases
Sales
Inventories at 1 January 2008
Salaries
Rent and Insurance
Stationary
Interest expenses
Bad debts
Provision for doubtful debts
Debators
Creditors
Bank
Cash
Machinery-cost
Provision for depreciation
Returns
Carriage inwards
Carriage outwards

Credit
RM
67,821.00

14,253.00
583,608.00
793,025.00
123,186.00
50,160.00
14,790.00
2,000.00
6,213.00
2,826.00
5,553.00
108,450.00
51,462.00
2,376.00
501.00
10,800.00
4,600.00
3,100.00
5,700.00
930,187.00

3,150.00
6,800.00

930,187.00

Firil Bhd
Income Statement for the Year Ended 31/12/2008
REVENUE
Sales
793,025.00
Returns
(4,600.00)
Net Sales
788,425.00
COST OF GOODS SOLD/COST OF SALES
Inventories at 1 January 2008
123,186.00
Purchases
583,608.00
Returns
(6,800.00)
Net Purchases
576,808.00 d
Carriage inwards
3,100.00
Cost of goods available for sales
126,286.00
Inventories at 13 December 2008
(50,000.00)
COST OF SALES
79,386.00
Gross Profit
709,039.00
EXPENSES
Salaries
50,160.00
Rent and insurance
14,790.00
Stationery
2,000.00
Interest expenses
6,213.00
Bad Debts
2,826.00
Carriage outwards
5,700.00
TOTAL EXPENSES
81,689.00
Net Profit
627,350.00

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Firil Bhd
Statement of Financial Posititon
As at 31 December 2008
Non Current Assets
Machinery cost
Provision for depreciation

10,800.00
(3,150.00)
7,650.00

Current Assets
Cash
Debtors
Provision for doubtful debt

501.00
108,450.00
(5,553.00)

Inventories at 13 December 2008

TOTAL CURRENT ASSETS
Current Liabilities
Bank
Creditors
TOTAL CURRENT LIABILITIES
WORKING CAPITAL
NET ASSETS

102,897.00
50,000.00

j
152,897.00

53,838.00

2,376.00
51,462.00

99,059.00
106,709.00

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Financed by
Long term Liabilities
Equities
Capital
Net Profit
Drawings

67,821.00
106,709.00
(14,253.00)
160,277.00

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