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    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    4 views4 pages

    Sopl format

    Uploaded by

    fw8cwhnb62

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED <DATE>

    (RM) (RM) (RM)

    Sales XXX

    Less: return inwards/sales returns (XX)

    Less: discount allowed/ sales discount (XX)

    Net sales XXX

    Less : cost of goods sold

    Opening stock XXX

    Add : purchases XXX

    Less: return outward/purchase (XX)


    return

    Less: discount received/purchase (XX)


    discount

    Add : carriage inwards XX

    Cost of purchases XXX XXX

    Less: closing stock (XXX) (XXX)

    GROSS PROFIT XXX

    Add : other income XX

    Less: General & admin expenses (XX)


    Selling & distribution expenses (XX)
    Financial expenses (XX) (XXX)

    NET PROFIT XXX


    NOTES FOR EXPENSES:General & administrative expenses are expenses incurred to run the
    business.Example: salaries & wages, electricity, utilities, depreciation of non-current assets (excluding
    depreciation on motor vehicles for delivery)

    2. Selling & distributive expenses are expenses incurred to make sales.

    examples: advertisement, carriage outwards, sales commission, depreciation on motor vehicles for
    delivery.

    3. Financial expenses are expenses incurred in order to finance the business operation.

    examples: interest on loan.


    STATEMENT OF FINANCIAL POSITION AS AT <DATE>

    NON-CURRENT ASSETS COST (RM)

    Land & premise XXX

    Machineries XXX

    Motor vehicles XXX

    Equipments XXX

    Fixture & fittings XXXX

    XXXX

    INVESTMENTS

    Fixed deposits XXX

    CURRENT ASSETS

    Inventories XXX

    Account receivables XXX

    Bank XXX

    Cash XXX XXXX

    XXXX

    FINANCED BY:

    OWNER’S EQUITY

    Opening capital XXX

    Add: net profit/(loss) XXX

    less: drawings (XXX)

    Closing capital XXXX

    NON-CURRENT LIABILITIES
    Long term loan XXX

    Hire purchase XXX

    Mortgage XXX XXXX

    CURRENT LIABILITIES

    Account payable XXX

    Bank overdraft XXX XXXX

    XXXX

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