Scribd
Upload
207 views2 pages

Vertical Income Statement & Balance Sheet

This document contains proforma templates for a vertical income statement and balance sheet. The income statement template tracks net sales, cost of goods sold, gross profit, operating income and expenses, non-operating income and expenses, and net profit before and after tax. The balance sheet template lists sources of funds including shareholders' equity and long term liabilities, and application of funds including fixed assets, investments, current assets, current liabilities, and working capital. Both templates provide an organized structure to present the financial performance and position of a company over multiple periods.

Uploaded by

Bheemeswar Reddy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
207 views2 pages

Vertical Income Statement & Balance Sheet

This document contains proforma templates for a vertical income statement and balance sheet. The income statement template tracks net sales, cost of goods sold, gross profit, operating income and expenses, non-operating income and expenses, and net profit before and after tax. The balance sheet template lists sources of funds including shareholders' equity and long term liabilities, and application of funds including fixed assets, investments, current assets, current liabilities, and working capital. Both templates provide an organized structure to present the financial performance and position of a company over multiple periods.

Uploaded by

Bheemeswar Reddy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

PROFORMA OF VERTICAL INCOME STATEMENT

NO. Particulars Amount Amount Amount


1 Gross Sales: XXX
Less: Sales Return and Allowances XXX
=Net Sales XXX
2 Less Cost of Goods Sold XXX
(A)Raw Material Consumed XXX
Opening Stock of Raw Material
Add: Purchases of Raw Material
Less: Purchase returns
Less: Closing Stock of Raw Material
(B) Add: Direct/Manufacturing/Factory Expenses XXX
(C) Work – in – Progress:- XXX
(D) Finished Goods:- XXX
Opening Stock of Finished Goods
Less: Closing Stock of Finished Goods
3 Gross Profit(1-2) XXX
4 Add: Operating Incomes: XXX
5 Less: Operating Expenses (X+Y+Z) XXX
(X) Office & Administration Expenses: XXX
(Y) Selling and Distribution Expenses: XXX
(Z) Finance Expenses XXX
6 Operating Profit (3 + 4 – 5) XXX XXX
7 Add: Non-Operating Income: XXX
8 Less: Non-Operating Expenses: XXX
9 Net Profit Before Tax (6 + 7 -8) XXX XXX
10 Net Profit After Tax XXX XXX
PROFORMA OF VERTICLE BALANCE SHEET
NO. Particulars Amount Amount Amount
I SOURCES OF FUNDS
1 Shareholders Fund/Owned Fund XXX
Less: Fictitious Assets/ Miscellaneous Expenditure Not Written XXX
off
=OWN FUND/NET WORTH/OWNERS FUND XXX
2 Borrowed Fund / Owed Fund / Long term Liabilities XXX
3 Capital/Net Fund Employed / Total Fund Available (1 + 2) XXX
II APPLICATION OF FUNDS:
1 Fixed Assets XXX
2 Investments: XXX
3 Working Capital
(A) Current Assets
Less (B) Current Liabilities:
=Working Capital XXX
4 Total Funds Used/Capital employed (1+2+3) XXX

You might also like