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    Chapter 6 - SOPL Format

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    quraisha irdina
    This statement of profit or loss shows the company's sales, costs, revenues, expenses, and net profit for the year ended 31 December 2018. It lists sales, returns, discounts, and net sales. It then details the cost of goods sold, including opening inventory, purchases, returns, discounts, and closing inventory to calculate cost of sales. It also lists gross profit, revenues from various sources, and operating expenses including salaries, utilities, depreciation, insurance, rent, repairs, and doubtful debts. The net profit for the year is then reported.

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    Chapter 6 - SOPL Format

    Uploaded by

    quraisha irdina
    20 views1 page
    This statement of profit or loss shows the company's sales, costs, revenues, expenses, and net profit for the year ended 31 December 2018. It lists sales, returns, discounts, and net sales. It then details the cost of goods sold, including opening inventory, purchases, returns, discounts, and closing inventory to calculate cost of sales. It also lists gross profit, revenues from various sources, and operating expenses including salaries, utilities, depreciation, insurance, rent, repairs, and doubtful debts. The net profit for the year is then reported.

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    Chapter 6_SOPL Format

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    This statement of profit or loss shows the company's sales, costs, revenues, expenses, and net profit for the year ended 31 December 2018. It lists sales, returns, discounts, and net sales. It then details the cost of goods sold, including opening inventory, purchases, returns, discounts, and closing inventory to calculate cost of sales. It also lists gross profit, revenues from various sources, and operating expenses including salaries, utilities, depreciation, insurance, rent, repairs, and doubtful debts. The net profit for the year is then reported.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    20 views1 page

    Chapter 6 - SOPL Format

    Uploaded by

    quraisha irdina
    This statement of profit or loss shows the company's sales, costs, revenues, expenses, and net profit for the year ended 31 December 2018. It lists sales, returns, discounts, and net sales. It then details the cost of goods sold, including opening inventory, purchases, returns, discounts, and closing inventory to calculate cost of sales. It also lists gross profit, revenues from various sources, and operating expenses including salaries, utilities, depreciation, insurance, rent, repairs, and doubtful debts. The net profit for the year is then reported.

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    VERTICAL FORMAT OF SOPL

    ABC Trading
    Statement of Profit or Loss for the year ended 31 December 2018
    RM RM RM
    Sales XXX
    Less: Sales Returns (Return Inwards) (XXX)
    : Sales Discount (Discount allowed) (XXX
    Net Sales )XXX

    Less: Cost of sales


    Opening Inventory XXX
    Purchases XXX
    Less: Purchase Returns (Return Outwards) (XXX)
    : Purchase Discount (Discount received) (XXX)
    Net Purchases
    XXX
    Add: Carriage inwards XXX
    Duty on Purchase XXX
    Insurance on Purchase
    Cost of goods available for sale XXX
    Less: Closing Inventory
    XXX
    (XXX)
    Cost of sales (XXX) cost of sales
    GROSS PROFIT (LOSS) XXX GROSS PROFIT =SALES >COST OF SALES
    GROSS LOSS = SALES < COST OF SALES
    Add: Revenues
    Income from investment XXX
    Rent Received
    Commission Received XXX
    Interest Received from fixed deposit
    Decrease in Allowance for doubtful debt XXX
    XXX
    Less: Operating Expenses XXX
    Salary and wages XXX
    XXX
    Advertisement expenses
    Utilities Expenses XXX
    Depreciation of Non Current Asset (NCA)
    Insurance XXX
    Printing and Stationery
    Rent expenses XXX
    Interest on Loan Expenses
    Repairs expenses XXX
    Carriage outwards
    Increase in Allowance for XXX
    doubtful debt (XXX)
    NET PROFIT (LOSS) XXX 20,000 NET PROFIT = REVENUES > EXPENSES
    NET LOSS = REVENUES < EXPENSES
    XXX

    XXX

    XXX

    XXX

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