Study Of Financial Statement Repaired)

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Study Of Financial Statement  Vertical Financial statement include 1. 2.

Vertical Revenue Statement Vertical Balancesheet

Vertical Revenue Statement For The Year Ended……………

Perticular

Ammount

Ammount

Ammount

Sales Cash Credit

Gross Sales

  

(-) Sales Return &

()

Allowence

Net Sales Less-



Cost Of Goods Sold Opening Stock Purchaeses (-)Purchase Return Direct Expenses Wages Carriage Inward Power & Fuel Coal, Gas & Water Factory Insurance Factory Rent Depriciation On Factory Assets

  ()



      



()

(-)Closing Stock

()



Gross Profit Add- Operating Expenses A. Office & Administrative Expenses Salaries Office Rent Printing & Stationary Postages & Telegram Telephone Expenses Depriciation on Office Building/Furniture

     



 B. Selling & Distribution Expenses

 

Advertisement



Commission



Travelling Expenses on salesman



Salesman Salary Depriciation On Delivery Van

()



 

C. Finance Expenses I-Interest On Loan D-Discount Allowed B-Bad Debts I-Interest On Debentures

Net Operating Profit

  

 

Add- Non Operating Income Rent Received



Dividend Received



Profit on Sales of Assets & Investment

Less- Non-Operating Expenses Loss On Sale Of Assets/Investments Prilimenery Expenses (Written Off) Underwritting Commission Discount On Issue Of Shares/Debentures



()





()

 



 





Sahre Issue Expenses

Net Profit Before Tax Less- Provision For Tax

()

Net Profit After Tax Add-



Opening Balance of Profit & Loss A/c (Cr. Side)

Less-Appropriation T -Transfer to Reserves I -Interim Dividend P -Proposed Dividend

   

S -Short Provision Fro Tax

Retained Earning (Transfer To Reserves & Surplus)

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