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Corporation: Financial Statements

XY Company
Income Statement
For the Period Ended Dec, 31, 2007
Sales Rs.XXX
Less: Sales Return & Allowances XXX
Sales Discount XXX (XXX)
Net Sales XXXX
Less: Cost of Goods Sold
Merchandise Inventory (Beg) XXX
Add: Purchases XXX
Add: Transportation-in XXX XXX
Less: Purchases Return & Allowances XXX
Purchases Discount XXX (XXX)
Net Purchases XXX
Goods available for Sale XXX
Less: Merchandise Inventory (End) (XXX)
Cost of Goods Sold (XXX)
Gross Profit XXXX
Less: Operating Expenses
_________________ Expense XXX
_________________ Expense XXX
Total Operating Expense (XXX)
Operating Income XXX
Less: Financial Cost (Interest Expense) (XXX)
Income Before Taxes XXX
Less: Income Tax (XXX)
Income available for Preferred Stock Holder XXX
Less: Preferred Stock Dividned (XXX)
Income available for Common Stock Holders' Rs.XXXX
XY Company
Statement of Retained Earning
For the Period Ended Dec, 31, 2007
Retained Earning at Start Rs.XXX
Add: Net Income XXX
Sub Total XXX
Less: Dividend
(Preferred) XXX
(Common) XXX
Reserve for __________ XXX (XXX)
Retained Earning at End XXX
XY Company
Balance Sheet
As on Dec, 31, 2007
Equities Assets
Stock Holders' Equity Non Current Assets
% Prefrred stocks, Rs. _Par Value Plant and Machinery Rs.XXX
______authorized, ______ issued Rs.XXX Less:Accum Dep (XXX) XXX

Common Stocks, Rs._ Par Value Furniture XXX


______authorized, ______ issued XXX Less:Accum Dep (XXX) XXX

Additional Paid in Capital Current Assets


Preferred stock XXX Prepaid Expenses XXX
Common Stoks XXX Office Supplies XXX
Treasury stocks XXX Merchandise inventory XXX
Accounts Receivable XXX
Retaied Earning XXX Less:Allownce of B/D (XXX) XXX
Cash at Bank XXX
Reserve for --------------- XXX

Treasury stocks (XXX)

Total Stock Holders' Equity XXXX


Liabilities
Long Term Liabilities
Debentures XXX
Mortgage payable XXX
Current Liabilities
Notes Payable XXX
Accounts Payable XXX
Total Liabilities XXXX
Total Equities Rs.XXXX Total Assets Rs.XXXX

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