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    Book 1

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    GIROLYDIA EDDY
    The document is the statement of profit or loss and statement of financial position for Millenia Enterprise for the year ending December 31, 2019. It shows the company had net sales of RM433,250, cost of goods sold of RM302,100, and gross profit of RM131,150. Additional income brought total profit to RM133,900. Expenses totaled RM58,830, leaving a net profit of RM75,070. As of December 31, 2019, the company had non-current assets of RM159,500 including a motor vehicle and office equipment. Current assets totaled RM30,270 including inventory, receivables, and cash. Capital was RM42,800 and net profit brought total equity

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    Book 1

    Uploaded by

    GIROLYDIA EDDY
    14 views2 pages
    The document is the statement of profit or loss and statement of financial position for Millenia Enterprise for the year ending December 31, 2019. It shows the company had net sales of RM433,250, cost of goods sold of RM302,100, and gross profit of RM131,150. Additional income brought total profit to RM133,900. Expenses totaled RM58,830, leaving a net profit of RM75,070. As of December 31, 2019, the company had non-current assets of RM159,500 including a motor vehicle and office equipment. Current assets totaled RM30,270 including inventory, receivables, and cash. Capital was RM42,800 and net profit brought total equity

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    Book1

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    The document is the statement of profit or loss and statement of financial position for Millenia Enterprise for the year ending December 31, 2019. It shows the company had net sales of RM433,250, cost of goods sold of RM302,100, and gross profit of RM131,150. Additional income brought total profit to RM133,900. Expenses totaled RM58,830, leaving a net profit of RM75,070. As of December 31, 2019, the company had non-current assets of RM159,500 including a motor vehicle and office equipment. Current assets totaled RM30,270 including inventory, receivables, and cash. Capital was RM42,800 and net profit brought total equity

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    14 views2 pages

    Book 1

    Uploaded by

    GIROLYDIA EDDY
    The document is the statement of profit or loss and statement of financial position for Millenia Enterprise for the year ending December 31, 2019. It shows the company had net sales of RM433,250, cost of goods sold of RM302,100, and gross profit of RM131,150. Additional income brought total profit to RM133,900. Expenses totaled RM58,830, leaving a net profit of RM75,070. As of December 31, 2019, the company had non-current assets of RM159,500 including a motor vehicle and office equipment. Current assets totaled RM30,270 including inventory, receivables, and cash. Capital was RM42,800 and net profit brought total equity

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    Millenia Enterprise

    STATEMENT OF PROFIT OR LOSS ACCOUNT AS FOR THE YEAR ENDING 31ST DECE,BER 2019

    RM RM

    SALES RM 435,000.00
    Less: Discount allowed RM 750.00
    Less: Return inwards RM 1,000.00
    Net Sales RM 433,250.00

    Less: COST OF GOODS SOLD


    Opening Inventory RM 5,000.00
    Purchases RM 299,700.00
    Less: Return Outwards RM 750.00
    Less: Discount Received RM 600.00
    Add: Carriage Inwards RM 2,550.00
    RM 305,900.00
    Less: Closing Inventory RM 3,800.00
    COST OF GOODS SOLD RM 302,100.00
    GROSS PROFIT RM 131,150.00

    ADD: OTHER INCOME


    Interest on fixed deposit RM 2,000.00
    Comission Received RM 750.00 RM 2,750.00
    RM 133,900.00

    Less: Expenses

    Carriage Outward RM 5,950.00


    Electricity and Water RM 3,050.00

    Rental expenses RM 5,000.00


    Salary RM 12,500.00
    Bad Debts RM 630.00
    Interest on Loan RM 2,500.00

    RM 8,500.00
    printing RM 700.00
    depreciati
    on RM 20,000.00
    RM 58,830.00
    RM 75,070.00
    Statement Of Financial Position as at 31st December 2021

    RM RM (accumulated RM
    cost depreciation) net book
    NON-CURRENT ASSETS
    Motor Vehicle 125000 45000 80000
    Office Equipment 85000 25500 59500
    10% Fixed Deposit 19500
    500 159500

    Current Assets
    Inventory closing 3800
    A.Receiveable 9300 930
    Cash 7000
    Bank 10250
    water 350 30270
    500 189770

    oe
    CAPITAL 42800
    Less: Drawing 1200
    Add: Net profit RM 75,070.00

    Long Term Liabilities


    5% loan from bimb 60000
    Current Liabilities 100
    Account Payables 13000
    RM 189,770.00

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