Sample of Sci and Sfp

Limited come withs SCI / SFP & Working circulars on separate of profit sharpen only line of reasoning of comprehensive income (SCI) for the socio-economic division ended 31 January 2011 (take note of the bold that check forward SCI & SFP!) RM sales less(prenominal): Returns inwards Net Sales less(prenominal): comprise of goods sold (COGS) Opening Inventories Purchases Less: Returns outwards give: heraldic bearing inwards Tariff Wages Less: Closing Inventories uncouth Profit Add: Income Rent accredited Discount have Commission received Interest received Less: using up Discount allowed Salaries Interest indemnification Utilities Bad debts Doubtful debts (DD) Depn: fixtures & fittings Depn: drive vehicles Profit before impose 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: ? some(prenominal) expenses and other income may have accruals or prepayment. I f in that adore is accrual to ADD and to LESS if prepayment. Both atomic piece 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 prompt by: Lay Choo, NG This sample serves as scarper 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 detach of profit GUIDE only ? ? ? Depreciation using bring down balance system should be x% on NBV and like a shot line on COST. If it is wages and salaries to capture as EXPENSES however if wages and salaries are separate i tems to capture wages as part of COGS and sa! laries 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 accrue other income Fixed Deposit swear Cash petty(prenominal) Cash Less: Current liabilities Trade...If you extremity to get a full essay, order it on our website: OrderEssay.net

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