Professional Documents
Culture Documents
Details
Opening Raw Material
Add: Purchases
Less: Discount on purchase
Less: Return on purchase
Add: Freight in
Add: Carriage in
Cost of Material Available for Use
Less: Closing Raw Material
Rs
xxx
xxx
(xxx)
(xxx)
xxx
xxx
Rs
xxx
xxx
(xxx)
xxx
xxx
xxx
xxx
xxx
xxx
xxx
(xxx)
xxx
xxx
xxx
(xxx)
xxx
Factory taxes
Employers contribution provident fund
(Any other expense which is related to Factory)
Indirect Materials:
Cotton waste
Factory office supplies
Fuel, oil coal etc.
Lubricants
Perishable tools
Repair and maintenance stores.
Indirect Labour:
Cleaners, janitors, helpers
Factory office staff
Foreman, supervisors etc
Idle time wages
Overtime premiums
Payroll contributions and taxes
Paid leaves
Quality inspectors
WORKING 2 (W-2):
If Actual and Applied FOH (Factory Overhead) both are given in the
question,
Details
Amount
xxx
(xxx)
xxx
(Company Name)
Income Statement
As the Year Ended__________
Details
Sales
Less: Discount on Sales
Less: Return on Sales
Net sales
Less: CGS (Cost of Goods Sold)
Gross Profit / Gross Loss
Less Other Expenses:
Marketing Expenses
Selling Expenses
Distribution Expenses
Administrative Expenses
Net Profit / Net Loss
Amount
Amount
xxx
(xxx)
(xxx)
xxx
(xxx)
xxx
xxx
xxx
xxx
xxx
(xxx)
xxx