Professional Documents
Culture Documents
Evidencia-13-Profit-and-Loss-PAOLA RODRIGUEZ
Evidencia-13-Profit-and-Loss-PAOLA RODRIGUEZ
Evidencia-13-Profit-and-Loss-PAOLA RODRIGUEZ
EVIDENCIA:
PROFIT AND LOSS
PRESENTADO POR:
Los estados financieros proporcionan valiosa información que le permite a la gerencia, a los
socios y a los acreedores, evaluar el desempeño financiero de una empresa, centrándose en las
diferentes áreas de desempeño. Es importante conocer los términos en inglés relacionados con
este tema. Lea el siguiente párrafo, estudie el vocabulario que encuentra en este archivo y
desarrolle las actividades
Companies sell products or services to the public or other businesses. A product might be
something to eat, or to wear or to play. A service is doing something for someone for
example, a hairdresser, a plumber or a childminder. Companies make money by selling their
product or service for more money than it costs to make or deliver. The extra money they
make is called Profit.
When a company doesn't make as much money as it costs to make the product or service
it is called Loss. Making Loss can lead the company to go out of business and people to lose
their jobs. Companies always try to make Profit from everything they sell.
It's not only companies that want to make profit, events like school fetes and coffee
mornings try to make a profit too, sometimes the money is for school funds or it might be
raising money for charity.
Trying to make Profit is a balancing act; events or companies have to find ways to keep their
costs as low as possible, the cheaper it costs to make a product or deliver a service the
bigger profit they can make when they sell it. But they also have to make sure that they
don't charge too much money for the product as people won't buy something that they
think is too expensive.
Answer received__________
b) This is when you make money ROTPIF
Answer profit____________
c) You can speak to people far away with this PHELOENET
Answer telephone_________
English= A D E H I N O P R S V X
Code= B X Y F G Q K T L M C W
Capital Expenditure - Purchasing fixed assets which will last a number of years, e.g.
equipment, machinery, premises, motor vehicles. These assets are recorded in the
balance sheet and not in the expenses and loss account. Revenue Expenditure -
profit involved in the day-to-day r unning of the business, e.g. wages, rent insurance,
advertising, telephone. These expenses are recorded in the profit and the profit loss
account.
3. Analice la siguiente tabla de ejemplo y lea la interpretación de los datos.
*Trading Account for the year ending December 08.
$ $ $
Sales 8,000
Less returns 100
7,900
Opening stock 200
Purchases 3,900
Less returns 100 3,800
4,000
Less closing stock 300
Cost of goods sold 3,700
Gross profit 4,200
Interpretation
The company had sales of $8,000 at the year end. Less returns, this came to $7,900. The
company had opening stock of $200 and closing stock of $300. The company had purchases
of $3900, less returns of $100. The cost of the goods sold came to $3,700. This makes the
gross profit $4,200.