Corporation Financial Statement Specimen

Corporation: Financial Statements XY Company Income Statement For the Period Ended Dec, 31, 2007 Sales Less: Sales Return & Allowances Sales Discount Net Sales Less: Cost of Goods Sold Merchandise Inventory (Beg) Add: Purchases XXX Add: Transportation-in XXX XXX Less: Purchases Return & Allowances Purchases Discount XXX Net Purchases Goods available for Sale Less: Merchandise Inventory (End) Cost of Goods Sold Gross Profit Less: Operating Expenses _________________ Expense _________________ Expense Total Operating Expense Operating Income Less: Financial Cost (Interest Expense) Income Before Taxes Less: Income Tax Income available for Preferred Stock Holder Less: Preferred Stock Dividned Income available for Common Stock Holders'

Rs.XXX XXX XXX

(XXX) XXXX XXX

XXX (XXX) XXX XXX (XXX) (XXX) XXXX XXX XXX (XXX) XXX (XXX) XXX (XXX) XXX (XXX) Rs.XXXX

XY Company Statement of Retained Earning For the Period Ended Dec, 31, 2007 Retained Earning at Start Add: Net Income Sub Total Less: Dividend (Preferred) (Common) Reserve for __________

Rs.XXX XXX XXX XXX XXX XXX Retained Earning at End

(XXX) XXX

XY Company Balance Sheet As on Dec, 31, 2007 Equities Stock Holders' Equity % Prefrred stocks, Rs. _Par Value ______authorized, ______ issued

Non Current Assets Plant and Machinery Rs.XXX Less:Accum Dep

Common Stocks, Rs._ Par Value ______authorized, ______ issued

Furniture XXX Less:Accum Dep

Additional Paid in Capital Preferred stock Common Stoks Treasury stocks

Assets

XXX XXX XXX

Retaied Earning

XXX

Reserve for ---------------

XXX

Treasury stocks

(XXX)

Total Stock Holders' Equity Liabilities Long Term Liabilities Debentures Mortgage payable Current Liabilities Notes Payable Accounts Payable Total Liabilities Total Equities

XXXX

Current Assets Prepaid Expenses Office Supplies Merchandise inventory Accounts Receivable Less:Allownce of B/D Cash at Bank

Rs.XXX (XXX)

XXX

XXX (XXX)

XXX

XXX XXX XXX XXX (XXX)

XXX XXX

XXX XXX XXX XXX XXXX Rs.XXXX

Total Assets

Rs.XXXX