Professional Documents
Culture Documents
Financial Statement Format Updated
Financial Statement Format Updated
Name of Business
Statement of Profit or Loss for the year ended ( eg 31 December 2022)
RM RM R
Sales M
X
X
Less: Sales returns / Return inwards (XX)
Net Sales X
X
X
Less: Cost of Goods
Sold Opening XX
inventory Purchases XX
Less: Purchase returns/ Return outwards (XX)
Purchase discounts/Discount (XX)
received (XX)
Drawing of goods
Net Purchases XXX
Add: Expenses on purchases
Carriage inwards XX
Duty on purchases XX
Insurance on purchase XX
XX
Cost of goods purchased XX
Cost of goods available for sale X
Less: Closing inventory X
(
X
X
)
Cost of goods sold (XX
X)
Gross Profit / (Loss) X
X
X
Add: Revenues
Discount received XX
Rent received XX
Commission Decrease in AFDD Insurance
Note for year end adjustment:
received Interest Rent expenses
received Bad debt Less: Expenses Discount
recovered Salary and wages Include
allowed accrual and
prepayment of other
revenues and expenses
Interest XX XX XX
expenses XX
Carriage
outwards
Depreciation (year end XX XX XX XX XX XX XXX
adjustment) Bad debts written XX XX XX
off
Increase in AFDD
(XXX)
Net Profit / (Loss) XXX
Name of Business
Statement of Financial Position as at (eg 31 December 2022)
R RM RM
Non-Current Assets M Accumulat Carryi
C ed ng
Land and Building os depreciati value
t on XX
(XX)
X
X
Motor Vehicles XX (XX) XX
Office Equipment XX (XX) XX
Machinery XX (XX) XX
Fixtures and Fittings XX (XX) XX
XXX
Intangible Assets
Goodwill XX
Patent XX
Trademark XX
Franchise XX
X
X
X
X
XX
XXX
XXXX (*)
Owner’s Equity
Capital beginning/Capital as at (eg 1 January 2022) XX
Add: Net Profit XX
(Loss)#SoPL (XX)
Less: Drawings
Capital ending/Capital as at (eg 31 December 2022) XX