a) Vertical Format ( SPL) – Merchandising ( Sole proprietorship/corporation)

ABC Enterprise
Income Statement/Statement of profit or loss
For the year ended 31 December 2018

RM RM RM
Revenues
Sales x
Less : Return inwards (x)
Net Sales xx

Less : Cost of Goods Sold

Opening inventory x
Purchases x
Less: Return Outwards (x)
Net purchases xx
Add: Carriage inwards x
Add: Insurance on Purchase x
Add: Duty of purchase x
Cost of goods purchased xx

Cost of Goods available for sale xxx

Less : Closing Inventory (x) xx

Gross Profit XX

Add : Other Revenues

Discount received x
Commission received x
Rent received x
Interest on fixed deposit x xx

Less: Operating expenses

Carriage outwards x
Discount allowed x
Printing and stationary x
Interest expense x
Salaries and wages x
Repair expense x
Electricity and water x
Rental expense x (xx)

Net Income/Loss XXX

1
 b) Vertical Format ( SPL) - Service (Sole proprietorship/corporation)

Poliklinik Ibu & Anak

Statement of profit or loss
For the month ended 31 December 2018

RM RM
Revenues
Service revenues x
Add Other revenue : Interest received x
Discount received x
Commission received x
Rent received x
Interest on fixed deposit x xx

Less : Expenses
Printing and stationary x
Interest expense x
Salaries and wages x
Repair expense x
Electricity and water x
Rental expense x (xx)

Net Income/loss XXX

2
 c) Vertical Format ( SOFP) – Merchandising/Service ( Sole proprietorship/small
business)
ABC Enterprise
Balance sheet/statement of financial position
As at 31 December 2018

RM RM RM
Current Assets
Cash in hand x
Cash at bank x
Account receivable x
Inventory x
Prepaid expenses x
Accrued revenues x
Total current assets xx

Non-current Assets
Long-term Investments
8% Fixed Deposit x
Stock investment x
Investment in real estate x xx

Property, plant and equipment

Land & building x
Office equipment x
Less: Accumulated depreciation (x) x
Plant & Machinery x
Less: Accumulated depreciation (x) x
Fixtures & fittings x
Less: Accumulated depreciation (x) x
Motor vehicles x
Less: Accumulated depreciation (x) x xx

Intangible asset
Goodwill x
Pattern x
Trade marks x xx
TOTAL ASSETS XXXXX

Current Liabilities
Account Payable x
Bank overdraft x
Loan (short term) x
Accrued expenses x
Unearned revenues x
Total current liabilities xx

3
Long-term liabilities
Long-term loan x
Mortgage payable x
Note payable x xx

Owner’s Equity
Capital x
Add :Net Profit x
Less : Drawing (x)
Total owner’s equity xx

TOTAL LIABILITIES AND OWNER’S EQUITY XXXXX

4
 d) Vertical Format ( SOFP) – Merchandising/Service (Corporation)

ABC Enterprise
Balance sheet/Statement of financial position
As at 31 December 2018

RM RM RM
Current Assets
Cash in hand x
Cash at bank x
Account receivable x
Inventory x
Prepaid expenses x
Accrued revenues x
Total current assets xx

Non-current Assets
Long-term Investments
8% Fixed Deposit x
Stock investment x
Investment in real estate x xx

Property, plant and equipment

Land & building x
Office equipment x
Less: Accumulated depreciation (x)
Plant & Machinery x
Less: Accumulated depreciation (x) x
Fixtures & fittings x
Less: Accumulated depreciation (x) x
Motor vehicles x
Less: Accumulated depreciation (x) x xx

Intangible Asset
Goodwill x
Trademarks x
Pattern x xx
TOTAL ASSETS XXXXX

Current Liabilities
Account Payable x
Bank overdraft x
Loan (short term) x
Accrued expenses x
Unearned revenues x
Total current liabilities xx

5
 Long-term liabilities
Long-term loan x
Mortgage payable x
Note payable x xx

Stockholder’s Equity
Share capital x
Retained earnings x
Total stockholder’s equity xx

TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY XXXXX

e) Vertical Format ( Retained earnings statement) – Merchandising/Service (Corporation)

ABC Enterprise
Retained earnings statement
For the year ended 31 December 2018

RM RM RM
Retained earnings, January 1, 2018 x

Add: Net profit x

Less : Dividend and other (net) (x)

Retained earnings, December 31, 2018 xx