The financial lists in Commercial Establishments



We have explained in previous lessons learned how to prepare the financial lists of companies in general and explain the items and gave examples of how the preparation of the financial lists service facilities you can review here, and does not differ from the way the preparation of financial statements in the service installations, the way prepared in commercial establishments, but the difference that the financial lists in commercial establishments have special accounts for the operations of the goods.

The income list in Commercial Establishments and in
the preparation of this list is to know the result of the work of the established profit or loss at the end of the financial period, it has been explained in previous lessons the way the income list in general explained the elements and items of income list and gave examples of how to prepare a list of income in service installations, you can review from here, either in commercial establishments are access to total income through the creation of the output of the difference between net sales and cost of sales, if the net sales greater than the cost of sales, the result overall profit, if the contrary, the result overall loss, and then put the operational expenses and other expenses in addition other income thus until the final net income, and different form of income list in Commercial Establishments vary depending on the system The user inventory of the different way the extraction cost of goods sold, this is a prototype of the income list, according to the inventory system.

The total amount of the partial statement
xxx net sales
( xxx ) (-) cost of sales
xxx total income (profit/loss) of
operational expenses and the
universality of
xx xx administrative expenses The expenses of sale and marketing
( xxx ) (-) total operating expenses
xxx net operating income (profit/loss)
xxx () income and other benefits
( xxx ) (-) expenses and other losses
xxx net income (profit/loss)
cost of sales
cost of sales represents the cost of goods sold during the financial period and which differ from the way extracted in commercial establishments, depending on the inventory system used, according to the continuous inventory system is opening a special account for the cost of sales be Beholden upon the sale of the goods and a creditor when sales returns Partys reception represents the cost of goods sold in the income list and shows In the model at the top, either in facilities that use the periodic inventory system, the cost of sales is equal to the first term goods plus net procurement (total procurement - Procurement returns-discount aids) Plus 6,765,618 goods procurement expenses last term as follows: the

calculation of the cost of sales, according to the periodic inventory system, the
total value of the partial value of
goods first term statement xx
xx ( ) Total procurement
(xx) (-) procurement ومسموحاتها returns
(xx) (-) discount on purchases (DEDUCTION of unearned income)
xx ( ) purchasing
xx goods available for sale
(xx) (-) Another Term
xxx merchandise cost of sales
into the form of a list of business income, according to the periodic inventory system as follows: the

amount of all
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