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
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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)