a) Vertical Format ( SPL) – Merchandising ( Sole proprietorship/corporation)
ABC Enterprise
Income Statement/Statement of profit or loss
For the year ended 31 December 2018
RM RM RM
Revenues
Sales x
Less : Return inwards (x)
Net Sales xx
Less : Cost of Goods Sold
Opening inventory x
Purchases x
Less: Return Outwards (x)
Net purchases xx
Add: Carriage inwards x
Add: Insurance on Purchase x
Add: Duty of purchase x
Cost of goods purchased xx
Cost of Goods available for sale xxx
Less : Closing Inventory (x) xx
Gross Profit XX
Add : Other Revenues
Discount received x
Commission received x
Rent received x
Interest on fixed deposit x xx
Less: Operating expenses
Carriage outwards x
Discount allowed x
Printing and stationary x
Interest expense x
Salaries and wages x
Repair expense x
Electricity and water x
Rental expense x (xx)
Net Income/Loss XXX
1
b) Vertical Format ( SPL) - Service (Sole proprietorship/corporation)
Poliklinik Ibu & Anak
Statement of profit or loss
For the month ended 31 December 2018
RM RM
Revenues
Service revenues x
Add Other revenue : Interest received x
Discount received x
Commission received x
Rent received x
Interest on fixed deposit x xx
Less : Expenses
Printing and stationary x
Interest expense x
Salaries and wages x
Repair expense x
Electricity and water x
Rental expense x (xx)
Net Income/loss XXX
2
c) Vertical Format ( SOFP) – Merchandising/Service ( Sole proprietorship/small
business)
ABC Enterprise
Balance sheet/statement of financial position
As at 31 December 2018
RM RM RM
Current Assets
Cash in hand x
Cash at bank x
Account receivable x
Inventory x
Prepaid expenses x
Accrued revenues x
Total current assets xx
Non-current Assets
Long-term Investments
8% Fixed Deposit x
Stock investment x
Investment in real estate x xx
Property, plant and equipment
Land & building x
Office equipment x
Less: Accumulated depreciation (x) x
Plant & Machinery x
Less: Accumulated depreciation (x) x
Fixtures & fittings x
Less: Accumulated depreciation (x) x
Motor vehicles x
Less: Accumulated depreciation (x) x xx
Intangible asset
Goodwill x
Pattern x
Trade marks x xx
TOTAL ASSETS XXXXX
Current Liabilities
Account Payable x
Bank overdraft x
Loan (short term) x
Accrued expenses x
Unearned revenues x
Total current liabilities xx
3
Long-term liabilities
Long-term loan x
Mortgage payable x
Note payable x xx
Owner’s Equity
Capital x
Add :Net Profit x
Less : Drawing (x)
Total owner’s equity xx
TOTAL LIABILITIES AND OWNER’S EQUITY XXXXX
4
d) Vertical Format ( SOFP) – Merchandising/Service (Corporation)
ABC Enterprise
Balance sheet/Statement of financial position
As at 31 December 2018
RM RM RM
Current Assets
Cash in hand x
Cash at bank x
Account receivable x
Inventory x
Prepaid expenses x
Accrued revenues x
Total current assets xx
Non-current Assets
Long-term Investments
8% Fixed Deposit x
Stock investment x
Investment in real estate x xx
Property, plant and equipment
Land & building x
Office equipment x
Less: Accumulated depreciation (x)
Plant & Machinery x
Less: Accumulated depreciation (x) x
Fixtures & fittings x
Less: Accumulated depreciation (x) x
Motor vehicles x
Less: Accumulated depreciation (x) x xx
Intangible Asset
Goodwill x
Trademarks x
Pattern x xx
TOTAL ASSETS XXXXX
Current Liabilities
Account Payable x
Bank overdraft x
Loan (short term) x
Accrued expenses x
Unearned revenues x
Total current liabilities xx
5
Long-term liabilities
Long-term loan x
Mortgage payable x
Note payable x xx
Stockholder’s Equity
Share capital x
Retained earnings x
Total stockholder’s equity xx
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY XXXXX
e) Vertical Format ( Retained earnings statement) – Merchandising/Service (Corporation)
ABC Enterprise
Retained earnings statement
For the year ended 31 December 2018
RM RM RM
Retained earnings, January 1, 2018 x
Add: Net profit x
Less : Dividend and other (net) (x)
Retained earnings, December 31, 2018 xx
