e-Flash Card for Financial Statement

ACCOUNTING CLASSIFICATION
WITH E-FLASH CARD

for FINANCIAL STATEMENTS

OWNER
EQUITY

REVENUE

PURCHASE OF
GOODS

OTHER
REVENUE

OTHER
EXPENSES

ASSET

LIABILITY

Wan Khazani Wan Kamarudin
Nor Afzan Abdul Ghani

BUSINESS NAME

Statement of Comprehensive Income for the year ended
20XX……………….

RM RM RM
Sales 12X
(-) Return inwards/Sales return (X)
(-) Discount allowed (X)
Net Sales 10X

Less: Cost of goods sold 2X
Opening inventory 3X
Purchases
(-) Returns outwards/ Purchase (X)
return (X)
(-) Discount received X

Net purchases

Wages X

Packaging X

Import duties X

Insurance on purchases X

Freight inwards/ Carriage inwards X

Purchases costs 6X

Cost of goods available for sale 8X

(-) Closing inventory (3X)

Cost of goods sold (5X)
5X
Gross Profit/(Gross Loss)
6X
Add: Revenues /Other Income 2X 11X
Commission received 2X
Interest received 2X
Rent received

Less: Operating expenses 2X
Rent 2X
Salaries and wages 2X
Insurance 2X
Interest expenses
Printing expenses/ stationery 2X
expenses 2X
Repair expenses 2X
Advertising 2X (16X)
Freight outwards/ Carriage outwards
Net Profit/(Net Loss) (-5X)

Business Name
Statement of Financial Position as at 20XX……….

Non-current assets: RM RM RM
Land 8X
Premises XX
Plant & Machineries XX
Furniture XX
Total non-current assets XX

Current assets: XX XX
Closing stock (X) XX
Account Receivable
Less: Allowance for Doubtful X
Debt XX
Cash in hand XX
Cash at bank XX
Prepaid expenses XX
Accrued income

Total current assets 13X
Total assets 21X

Financed by: XXXX
Owner's Equity XX
Capital as at 1/1/20XX 6X
Add : Net Profit/ (Loss) (2X)

Less: Drawings 4X
Capital as at 31/12/20XX

Non-current liabilities: XX
Loan XX
Mortgage

Debentures XX
Total non-current liabilities 6X

Current liabilities: XXX
Account payable XX
Bank overdraft XX
Accrued expenses XX
Income received in advance XX 11X
Total current liabilities
Total Owner's Equity and 21X
Liabilities