Sample of Sci and Sfp

Limited come withs SCI / SFP & Working comments on carve up of profit sharpen only dictation of comprehensive income (SCI) for the socio-economic separate ended 31 January 2011 (take note of the bold that check dark SCI & SFP!) RM sales less(prenominal): Returns inwards Net Sales less(prenominal): comprise of goods sold (COGS) Opening Inventories Purchases Less: Returns outwards sum: heraldic bearing inwards Tariff Wages Less: Closing Inventories uncouth Profit Add: Income Rent genuine Discount authoritative Commission received Interest received Less: using up Discount allowed Salaries Interest insurance policy Utilities Bad debts Doubtful debts (DD) Depn: fixtures & fittings Depn: drive vehicles Profit before taxation Tax Profit later on tax RM XX XX RM XX XX XX (XX) XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX (XX) XX (XX) XX Quick tips: ? two expenses and other income may have accruals or prepayment. If in that obedi ence is accrual to ADD and to LESS if prepayment. Both atomic figure 18 time sensitive and you are to take note of the division end of the company. ? Increase in DD to be in EXPENSES and lessening to be in OTHER INCOME. 1 ready by: Lay Choo, NG This sample serves as acquit where there shall be to a greater extent possible accounts that can be included.

To hunch forward more READ & RESEARCH more ? Limited companys SCI / SFP & Working notes on enchant of profit GUIDE only ? ? ? Depreciation using minify balance system should be x% on NBV and tasteful line on COST. If it is wages and salaries to capture as EXPENSES only if if wages and salaries a! re separate items to capture wages as part of COGS and salaries as expenses. Directors remuneration or emoluments are EXPENSES. Statement of financial put down (SFP) as at 31 January 2011 (take note of the bold that differentiate SCI & SFP!) RM Non-current assets Building Machinery Office equipment article of furniture & fittings Motor vehicles Current assets Inventories carry on receivables Prepaid expenses accumulated other income Fixed Deposit swear Cash petite Cash Less: Current liabilities Trade...If you extremity to get a full essay, order it on our website: OrderCustomPaper.com

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