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  • Proforma Financial Statement

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    Keyo Bintajol
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    This document provides financial information for a business for the year ended [DATE]. It includes a statement of profit or loss showing revenues from sales and other sources, costs of goods sold, expenses, and net profit. It also includes a statement of financial position showing assets like equipment, inventory, and cash, as well as liabilities and owner's equity. The business experienced gross profit from sales and other income from sources like dividends and interest. After expenses, it realized a net profit/loss for the year. Its assets were financed by owner's equity and long-term liabilities.

    Original Description:

    FINANCIAL STATEMENT

    Original Title

    PROFORMA FINANCIAL STATEMENT

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    This document provides financial information for a business for the year ended [DATE]. It includes a statement of profit or loss showing revenues from sales and other sources, costs of goods sold, expenses, and net profit. It also includes a statement of financial position showing assets like equipment, inventory, and cash, as well as liabilities and owner's equity. The business experienced gross profit from sales and other income from sources like dividends and interest. After expenses, it realized a net profit/loss for the year. Its assets were financed by owner's equity and long-term liabilities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    26 views2 pages

    Proforma Financial Statement

    Uploaded by

    Keyo Bintajol
    This document provides financial information for a business for the year ended [DATE]. It includes a statement of profit or loss showing revenues from sales and other sources, costs of goods sold, expenses, and net profit. It also includes a statement of financial position showing assets like equipment, inventory, and cash, as well as liabilities and owner's equity. The business experienced gross profit from sales and other income from sources like dividends and interest. After expenses, it realized a net profit/loss for the year. Its assets were financed by owner's equity and long-term liabilities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    PROFORMA 1

    NAME OF THE BUSINESS


    STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED (DATE)

    TRADING ACTIVITIES (AKTIVITI JUAL BELI) RM RM


    SALES XX1000
    LESS:RETURN INWARDS (XX)100
    NET SALES (JUALAN BERSIH) XXX900
    LESS:COST OF GOODS SOLD (KOS JUALAN)
    OPENING INVENTORY XX
    ADD:PURCHASES XX
    LESS:DRAWING OF GOODS (200)
    LESS:RETURN OUTWARDS (XX) MINUS
    ADD:CARRIAGE INWARDS XX
    ADD:DUTY IMPORT/TAX ON PURCHASES XX
    COST OF GOODS AVAILABLE FOR SALE XXX
    LESS:CLOSING INVENTORIES (XX) 500
    COST OF GOODS SOLD (XXX)
    GROSS PROFIT/(LOSS) XXXX
    400
    NON TRADING ACTIVITIES (aktiviti lain)
    ADD:REVENUES
    Dividend received XX500
    ADD
    Rental received XX
    Commission received XX
    Interest received on fixed deposit (3000 +3000 accrued) 6000
    Bad debts recovered XX
    Discount received XX
    Decrease in allowance for doubtful debts XX
    Decrease in allowance for discount allowable XX XXX
    TOTAL REVENUES XXXX
    20,000

    LESS: EXPENSES
    SELLING AND DISTRIBUTION EXPENSES
    Carriage outwards
    Advertising
    Repairs of motor vehicles
    Salesman commission MINUS
    ADMINISTRATION AND GENERAL EXPENSES
    General/miscellaneous expenses XX
    Insurance (4,000-1500 prepaid) 2,500
    Printing XX
    Depreciation OFFICE EQUIPMENT 6000
    Deprecition motor vehicle 12150
    Electricity water bill (5000+800accrued) 5800
    FINANCIAL EXPENSES
    Discount allowed XX
    Bad debts 1000
    Increase in allowance for doubtful debt 2900
    Increase in allowance for discount allowable XX 19,000
    Interest on loan 5000XX (XXX)
    NET PROFIT/NET LOSS XX/(XX)
    PROFORMA 2

    NAME OF THE BUSINESS


    STATEMENT OF FINANCIAL POSITION AS AT (DATE)
    Represented by: COST ACCUMULATE NET
    D BOOK
    NON CURRENT ASSETS DEPRECIATION VALUE
    Land XX (XX) XX
    OFFICE EQUIPMENT 30,000 (18000) 12,000
    Motor vehicles 150000 (40,650) 109,350
    121,350
    INVESTMENTS (P)
    UNIT TRUST: ASB 10000XX
    FIXED DEPOSIT 60 000XX

    INTANGIBLE ASSETS
    Goodwill xx
    Patent xx XX

    CURRENT ASSETS AD
    Bank/cash(75000-800 drawing) 74,200xx D
    Closing inventories xx
    Account receivable (50000-5000) 45,000
    Less: allowance for doubtful debts (900)
    Less: allowance for discount allowable (xx) 44,100
    Accrued revenue:
    Accrued int on FD 3000 (accrued)
    Prepaid insurance expenses 1500 prepaid) xxx
    XXXX
    CAPITAL EMPLOYED/total assets 10,000
    Financed by:
    OWNER’S EQUITY
    Capital xx
    Add: Net profit/(Loss) xx/(xx)
    Less: Drawings (3000+800 cash+200 goods) (4000)
    OExxx
    LONG TERM LIABILITIES (p)
    10% Loan 50,000xx
    xx xxx
    AD
    CURRENT LIABILITIES D
    Account payable xx
    Accrued electricity water bill 800
    Prepaid revenue Xx xxx
    Accrued int on loan 5000
    XXXX
    10,000

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