|
LO5: Explanation for difference in financial statement Year 2011 before and after auditing Lilama No.5 JSC explained difference in financial statement 2011 before and after auditing as follows: |
Unit: VND
|
No. |
Items |
Before auditing |
After auditing |
Difference |
|
1 |
Profit after tax |
1,640,625,000 |
1,941,940,285 |
301,315,285 |
Reasons:
- Increase of revenue = 2,623,663,610
- Increase of cost of goods sold = 2,334,093,889 – 80,186,000 = 2,253,907,889
- Increase of general and administration expense = 90,342,491 – 67,956,033 = 22,386,458
- Increase of income tax payable expense = 46,053,978
- Total difference = 301,315,285 | HNX
