How to prepare Multiple Step Income Statement

Particular 

      Tk.

    Tk.

sales/sales Revenue 

(+)credit/ Ommitted Sales 

Total sales 

(-)Sales Return/ discount 

Net sales

Less: cost of good sold:

Opening Inventory 

Purchase   * * *

(+) Omitted purchase  * * *

(-) Returns discount  * * *

(-) withdrawn Goods  * * *

Net Purchase * * *

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Transportation Fright In

wages

Direct Expenses

Depreciation of plant

(-) closing inventory

Gross profit

Less: Operating Expenses

(1) Selling and distribution Expenses

Salary expenses

sale service/ commission

Bad Debt   * * *

(+)New Bad Debt * * *

..............

(-) Old Bad Debt * * *

Sales related any cost

(2) Office and administrative expenses 

salary expenses 

Rent expenses 

Insurance premium 

Depreciation on fixed Assets 

Other fixed Assets

Net operating income 

Add: non operating revenue 

Interest on investment 

Interest on bank 

Gain on Sales Of fixed assets 

Others income 

Less: non operating expenses 

Interest on loan 

Loss on Sales of Fixed assets 

Goods Distribution by Fire 

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