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    SOPL & SOFP PRE-ADJUSTMENT FORMAT

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    Eve Mo
    THE FORMAT OF STATEMENT OF PROFIT OR LOSS AND STATEMENT OF FINANCIAL POSITION BEFORE ADJUSTMENT

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

    SOPL & SOFP PRE-ADJUSTMENT FORMAT

    Uploaded by

    Eve Mo
    14 views2 pages
    THE FORMAT OF STATEMENT OF PROFIT OR LOSS AND STATEMENT OF FINANCIAL POSITION BEFORE ADJUSTMENT

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    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    THE FORMAT OF STATEMENT OF PROFIT OR LOSS AND STATEMENT OF FINANCIAL POSITION BEFORE ADJUSTMENT

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views2 pages

    SOPL & SOFP PRE-ADJUSTMENT FORMAT

    Uploaded by

    Eve Mo
    THE FORMAT OF STATEMENT OF PROFIT OR LOSS AND STATEMENT OF FINANCIAL POSITION BEFORE ADJUSTMENT

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 2

    PRE-ADJUSTMENT SOPL & SOFP FORMAT

    Name of the business


    Statement of profit and loss for the year ended DD Month 20YY (SOPL)
    RM RM
    Sales revenues XX
    Less: Sales Returns/ Returns Inwards (XX)
    : Sales discount/Discount allowed (XX)
    NET SALES XX

    Less: COST OF GOODS SOLD


    Opening Inventories/stocks XX
    Add: Purchases XX
    Less: Purchases returns/ Returns Outwards (XX)
    : Purchases discount/ Discount received (XX)

    Add: Carriage Inwards (Transportation to bring the goods into the business) XX
    : Custom Duties/Duty on purchases XX
    : Insurance on Purchase XX
    XX
    Cost of goods available for sale XX
    Less: Closing inventories/stocks (XX) XX
    GROSS PROFIT XXX

    Add: OTHER INCOMES/REVENUES


    Rental received XX
    Interest on fixed deposits(Interest on investment) XX
    Commission Received XX
    XX
    XX XX
    Less: EXPENSES
    Refer the list of expenses as shown below * XX
    XX
    XX
    XX
    XX

    NET PROFIT/ (NET LOSS) XX


    XXX

    *list of expenses
    1.Selling & distribution expenses 2. Administrative & general expenses 3. Financial expense
    -Salesman commission -Wages -Interest (on loan) expenses
    -Delivery costs -Salaries - Increase in AFDD/PFDD
    -Transportation Outwards (delivery -Rental expenses -Bank charges
    of goods to customers) -Taxes -Bad debt
    -Selling expenses -Repair of office equipment/machinery -Loss on disposal of Non-current assets
    -Repair delivery Van -Insurance expenses
    -Motor vehicle expenses Printing and stationery
    -Depreciation of any fixed assets -Postage expenses
    -Entertainment expenses -Depreciation of office
    furniture/equipment
    -Maintenance expenses
    -Auditing fees
    -Theft of goods

    Name of Business
    Statement of Financial Position as at DD Month 20YY (SOFP)
    RM RM
    NON-CURRENT (FIXED) ASSETS
    Tangible fixed assets:
    Land & Building (XX) XX
    Plant & Machinery (XX) XX
    Office equipment (XX) XX
    Motor Vehicles (XX) XX
    Furniture & fittings (XX) XX
    XX
    Intangibles:
    Goodwill XX
    Patented Software XX
    Trademark XX
    Brand XX XX

    Investments/Fixed deposits XX

    CURRENT ASSETS
    Trade receivables/debtors XX
    Inventories/stock XX
    Cash in hand XX
    Cash at bank XX XX
    TOTAL ASSETS XXX

    OWNER’S EQUITY
    Beginning Capital XX
    Add/(LESS):Profit/(Loss) for the year (Net profit/loss from XX/(XX)
    SOPL)
    XX
    Less: Drawings (XX)
    Ending capital XX

    NON-CURRENT (LONG-TERM) LIABILITIES


    Long-term loans XX
    Mortgages XX XX

    CURREENT LIABILITIES
    Trade payables/creditors XX
    Bank overdraft XX
    Short-term loans XX XX
    TOTAL OE + LIABILITIES XXX

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