Key Terms: Financial Statements of a Sole Proprietorship without Adjustments

Trading Account

Akaun Perdagangan

Profit and Loss Account

Akaun Untung Rugi

Gross Profit

Untung Kasar

Net Profit

Untung Bersih

Cost of Sales

Kos Jualan

Statement of Financial Position

Penyata Kedudukan Kewangan

Non-Current Assets

Aset Bukan Semasa

Current Asset

Aset Semasa

Current Liabilities

Liabiliti Semasa

Owner's Equity

Ekuiti Pemilik

Closing Inventory

Inventori Akhir