(Business name)
Trial Balance
as at month/year ended (date)
(Assets including beginning inventory) RM RM
XXX XXX
(Expenses) XXX XXX
(Drawings) XXX XXX
(Liabilities)
(Owner’s Equity)
(Revenue)
FINANCIAL STATEMENTS FORMAT
For services entities:
(Business name)
Statement of Profit or Loss / Comprehensive Income
For the month/year ended (date)
Service revenue RM RM
XXX
(-) Operating expenses:
Freight - out XXX
__________ expense XXX (XXX)
Total operating expenses
Income (loss) from operations XXX
(+) Other revenues:
Interest revenue XXX
Rent revenue XXX
Commission revenue XXX
Dividend revenue XXX
Gain on disposal XXX XXX
(-) Other expenses: XXX
Interest expense
Loss on disposal XXX (XXX)
Net income (loss) XXX
NOTES:
• Statement of Profit or Loss is used for sole proprietorship and partnership.
• Statement of Comprehensive Income is used for company.
For merchandising entities:
(Business name)
Statement of Profit or Loss / Comprehensive Income
For the month/year ended (date)
RM RM RM
Sales XXX XXX
(-) Sales return and allowances XXX (XXX)
(-) Sales discount XXX (XXX) XXX
Net sales
(-) Cost of Goods Sold: (XXX)
XXX
Beginning inventory XXX
Purchase XXX XXX
(-) Purchase and return allowances (XXX) (XXX)
(-) Purchase discount (XXX) XXX
Net purchase XXX
Freight-in XXX
Cost of goods purchased XXX
Cost of goods available for sale XXX
(-) Ending inventory (XXX)
Cost of goods sold
Gross profit
(-) Operating expenses:
Freight-out XXX
__________ expense XXX
Total operating expenses
Income (loss) from operations
(+) Other revenues:
Interest revenue XXX
Rent revenue XXX
Commission revenue XXX
Dividend revenue XXX
Gain on disposal XXX
(-) Other expenses:
Interest expense XXX
Loss on disposal XXX
Net income (loss)
(Business name)
Statement of Owner’s Equity
For the month/year ended (date)
Beginning capital RM RM
XXX XXX
(+) Net income @ (-) Net loss XXX
XXX
(-) Drawings (XXX)
Ending capital
(Business name)
Statement of Financial Position
As at (date)
NON-CURRENT ASSETS RM RM RM
Buildings XXX XXX XXX
(-) Accumulated depreciation - Building (XXX) XXX
XXX XXX
Equipment XXX XXX XXX
(-) Accumulated depreciation - Equipment (XXX) XXX XXX
Motor vehicle XXX XXX
(-) Accumulated depreciation – Motor vehicle (XXX) XXX
XXX XXX
Furniture XXX XXX XXX
(-) Accumulated depreciation – Furniture (XXX) XXX
Land XXX
XXX
TOTAL NON-CURRENT ASSETS XXX
XXX
CURRENT ASSETS XXX
Cash (XXX) XXX
Bank XXX
Account receivable XXX
(-) Allowance for doubtful debt XXX
XXX
Notes receivable XXX
Ending inventory XXX
Supplies XXX
Prepaid expense XXX
Accrued revenue
TOTAL CURRENT ASSETS
TOTAL ASSETS
OWNER’S EQUITY
Ending capital
NON-CURRENT LIABILITIES
Loan
Mortgage payable
Notes payable
TOTAL NON-CURRENT LIABILITIES
CURRENT LIABILITIES
Bank overdraft
Accounts payable
Notes payable
Loan
Unearned __________ revenue
Expense payable / Accrued expense
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES