The document provides examples of the layout and key components of vertical form trading and profit and loss accounts and balance sheets, with the trading and profit and loss account showing sales, costs of goods sold, expenses, and net profit, and the balance sheet outlining assets, liabilities, working capital, and owner's equity. Both accounting statements include line items for common accounts such as inventory, debtors, creditors, fixed assets, bank balances, and capital.
The WTU and DCPS has reached an innovative tentative agreement that will provide the teachers the training, time and tools that they need to successfully maximize the students potential.
The Federal Government has vast open data resources. This talk will present a few APIs: One from the Department of Labor that serves up the data on the goods and products made with forced and child labor, one from the US Census Bureau, and another from the Department of Commerce and tangles Income Inequality.
The WTU and DCPS has reached an innovative tentative agreement that will provide the teachers the training, time and tools that they need to successfully maximize the students potential.
The Federal Government has vast open data resources. This talk will present a few APIs: One from the Department of Labor that serves up the data on the goods and products made with forced and child labor, one from the US Census Bureau, and another from the Department of Commerce and tangles Income Inequality.
1. Two column cash book Three column cash book
Cash Book
Date Details F Cash Bank Date Details F Cash Bank Date Details
2. hree column cash book
Cash Book
F Dis Cash Bank Date Details F Dis Cash Bank
3. Debit (If the amount of the account increase) Credit (If the amount of the account increase)
Asset Liability
Purchases Sales
Return Inwards Return Outwards
Expenses Revenue
Drawings Capital
4. Vertical Form
Trading and Profit and Loss Accounts for the year ended 31st December 2008
RM RM RM
Sales x
(-) Return inwards x
Net Sales x
(Less) Cost of Sales/COGS
Opening Stock x
Purchasing x
(-) Return Outwards x
Net Purchases x
(+) Carriage inwards x
(+) Custom duty x
Cost of purchases x
x
(-) Closing stock x x
Gross Profit x
(Add) Revenue/Income/Hasil
Discount received x
Rent received x
Commision received x
Bad debt recovered/Hutang Lapuk Terpulih
x x
X
(Less) Expenses:
Discount allowed x
Rent x
General Expenses x
Rates x
Depreciation x
Provision of doubtful debt x
Wages and salaries x
Carriage outwards x x
Net Profit X
5. Balance Sheet as at 31st December 2008
RM RM RM
Fixed Assets
Fixtures and Fittings x
Furniture x
Vehicle x
Premises x x
Current Asset
Closing Stock x
Debtor x
Cash x
Bank x
X
(Less) Current Liabilities:
Creditor x
Overdarft x x
Working Capital x
X
Owner's Equity
Opening Capital x
(Add) Net profit x
(Less) Drawings x
(Add) Additional Capital x
Closing Capital x
Long Term Liability
Bank Loan x
X