jangan pedulikan sangat post ni. maaf .
Name of Bussiness..........
Income Statement for the year ended as at .......
Sales
Less : Return inwards
Net sales
Less : Cost of goods sold
Opening inventory
Add : Purchases
Less : Return outwards
Net purchases
Add : Cost of purchases
Carriage inwards / Freight charge
Import duties
Tax on purchases
Duty on purchases
Insurance on purchases
Cost of good available for sale
Less : Closing inventory
Cost of good sold
GROSS PROFIT
Add : Revenue
Rental received
Discount received
Commission received
Interest received
Bad debt recovered
Less : Expenses
Selling and distributive expenses
Carriage outwards
Advertising
Salesman commission
Repair and maintenance of motor vehicle
Depreciation on motor vehicle
General and administrative expenses
Stationary
Utilities bills
Discount allowed
Bad debt
Provision for discount allowable
Provision for doubtful debt
Rent expenses
Postages
Depreciation on fixtures and fittings, building, equipment
Financial expenses
Interest on loan
Interest on bank overdraft
NET INCOME
