Format OF SOCI AND SOFP FOR A SOLE Trader PDF

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Format for SOCI and SOFP for a sole trader...

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AC1 100

Dr .Sa ndr aBr os na n

FORMAT OF SOCI AND SOFP FOR A SOLE TRADER Name of Sole Trader Statement of Comprehensive Income for the year ended DD/MM/YYYY €’000 €’000 Turnover/ Sales/ Revenue X Less Returns Inwards (X) X Cost of sales: Opening Inventory X + Purchases X - Returns Outwards (X) + Carriage Inwards X - Closing Inventory (X) (X) Gross profit X Less Expenses: Rent Light and Heat Carriage Outwards Depreciation Bad Debts Stationary Telephone Wages and Salaries Interest Net Profit before taxation Taxation Net Profit after taxation

X X X X X X X X X

(X) X (X) X

AC1 100

Dr .Sa ndr aBr os na n

Name of Sole Trader Statement of Financial Position as at DD/MM/YYYY €’ 000 €’000 Cost Acc Dep’n Non-Current Assets Buildings X (X) Plant and Machinery X (X) X (X) Current assets Inventory X Trade Receivables X Prepayments X Bank/Cash X Total Assets X

€’000 WDV X X X

X

Equity and Liabilities Capital at the start of the period Add: Net Profit (subtract Net Loss) Less: Drawings Capital at the end of the period

X X (X) X

Non-Current Liabilities Loan

X

Current Liabilities Bank Overdraft Accruals Trade Payables Total Liabilities Total Equity and Liabilities

X X X

X X X...