Study Of Financial Statement

 Vertical Financial statement include

1. Vertical Revenue Statement
2. Vertical Balancesheet

Vertical Revenue Statement

For The Year Ended……………

Perticular Ammount Ammount Ammount

Sales
Cash 
Credit

Gross Sales 
(-) Sales Return &
()
Allowence

Net Sales

Less- Cost Of Goods Sold
Opening Stock

Purchaeses 
(-)Purchase Return

Direct Expenses 
()
Wages

Carriage Inward

Power & Fuel

Coal, Gas & Water

Factory Insurance

Factory Rent

Depriciation On Factory
Assets

 ()

 (-)Closing Stock () 
Gross Profit

Add- Operating Expenses

A. Office & Administrative
Expenses

Salaries

Office Rent

Printing & Stationary

Postages & Telegram

Telephone Expenses
 
Depriciation on Office
Building/Furniture

B. Selling & Distribution 

Expenses 
Advertisement 
Commission 
Travelling Expenses on salesman

Salesman Salary
()

Depriciation On Delivery Van  


C. Finance Expenses 
I-Interest On Loan 
D-Discount Allowed
B-Bad Debts

I-Interest On Debentures

Net Operating Profit 
Add- Non Operating Income
Rent Received 

Dividend Received
 ()
Profit on Sales of Assets &
Investment


Less- Non-Operating Expenses ()


Loss On Sale Of 
Assets/Investments
 
Prilimenery Expenses (Written Off)

Underwritting Commission

Discount On Issue Of 
Shares/Debentures

Sahre Issue Expenses

Net Profit Before Tax

Less- Provision For Tax

()
Net Profit After Tax

Add- Opening Balance of Profit &
Loss A/c (Cr. Side)


Less-Appropriation

T -Transfer to Reserves

I -Interim Dividend

P -Proposed Dividend
 S -Short Provision Fro Tax

Retained Earning
(Transfer To Reserves & Surplus)