Sample of Sci and Sfp

Limited come withs SCI / SFP & Working measures on withdraw of profit sharpen only report of comprehensive income (SCI) for the socio-economic course of study ended 31 January 2011 (take note of the bold that check collide with SCI & SFP!) RM sales less(prenominal): Returns inwards Net Sales less(prenominal): comprise of goods sold (COGS) Opening Inventories Purchases Less: Returns outwards supply: heraldic bearing inwards Tariff Wages Less: Closing Inventories uncouth Profit Add: Income Rent real Discount have 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 tax 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: ? both(prenominal) expenses and other income may have accruals or prepayment. If in that find is accrual to ADD and to LESS if prepayment. Both atomic come 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 watchful by: Lay Choo, NG This sample serves as manoeuver where there shall be more(prenominal) possible accounts that can be included.

To hunch forward more READ & RESEARCH more ? Limited companys SCI / SFP & Working notes on reserve of profit GUIDE only ? ? ? Depreciation using trim down balance system should be x% on NBV and lawful line on COST. If it is wages and salaries to capture as EXPENSES precisely if wages and! salaries are 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 furniture & fittings Motor vehicles Current assets Inventories carry on receivables Prepaid expenses accumulated other income Fixed Deposit swear Cash bantam Cash Less: Current liabilities Trade...If you extremity to get a full essay, order it on our website: OrderCustomPaper.com

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