Professional Documents
Culture Documents
Sales xxxxx
(-) Return in-wards (x) 1
xxxx
(-) Cost of Sales
Opening Inventories xx
Purchase xxxx
Wages x
Duty x
Carriage In-wards x
Shipping Charges All Direct Expenses related to purchases x
Shipping insurance x
Imports Charges x
xxx
(-) Return out-wards (x) 2
(-) Closing Inventory (x) (xx) xxx
Goodwill x
Patent x
Investment x xx
xxx
Current Assets
Closing Inventories xx
Debtors xxx
(-) Provision of Bad Debts (x) xx
Receivable Incomes xx
Prepaid Expenditure x
Cash in Bank/Hand x xx
Equity
Capital xxx
(+/-)Net Profit/Loss xx/(xx)
(-) Drawings (x) xxx
Non-Current Liabilities
Bank Loans xx
Mortgage x xxx
Current Liabilities
Creditors x
Accrual Expenditure x
E.P.F. x
Received Prepaid Income x
Bank Over Draft x xx