VERTICAL FORMAT OF SOFP

ABC Trading
Statement of Financial Position as at 31 December 2018 (also called as Balance Sheet)
RM RM RM
Cost Accumulated Carrying
Depreciation
Amount
NON CURRENT ASSETS
Land and Building XXX (XXX) XXX
Fixtures and Fittings XXX (XXX) XXX
Office Equipment XXX (XXX) XXX
Machinery XXX (XXX) XXX
Motor vehicles XXX (XXX) XXX

Investment XXX
Fixed Deposit
Intangible Assets XXX

XXX
XXX
CURRENT ASSETS
Closing Inventory XXX
Acount Receivable XXX
Less : Allowance for doubtful debt (XXX)
XXX
Cash at Bank XXX
Cash in Hand XXX
Prepaid insurance expenses XXX
Accrued interest income XXX XXX
TOTAL ASSETS 150,000 TOTAL ASSETS

OWNER'S EQUITY
Capital as at 1/1/2018 XXX
Add: Net Profit or Less: Net Loss 20,000
Less: Drawings (XXX)
Capital as at 31/12/2018 XXX

NON CURRENT LIABILITIES

Long Term Loan XXX
Long Term Borrowings XXX XXX

CURRENT LIABILITIES
Loan XXX
Bank Overdraft XXX
Account Payable XXX
Accrued Rental Expenses XXX
Prepaid rental received XXX XXX
TOTAL OWNER'S EQUITY AND LIABILITIES 150,000 TOTAL EQUITY AND LIABILITIES
Accounting Equation
A=L+OE