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  • Business Finance - 02 Worksheet 1 - ARG

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    Rhea Joy Orcio
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    ABC Accounting Services generated ₱6,000,000 in service revenue for the year ended December 31, 20XX. Total expenses were ₱4,700,000 which included ₱700,000 for rent, ₱3,000,000 for salaries, ₱500,000 for supplies and ₱500,000 for travel. This resulted in a net income of ₱1,300,000 for the year.

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    ABC Accounting Services generated ₱6,000,000 in service revenue for the year ended December 31, 20XX. Total expenses were ₱4,700,000 which included ₱700,000 for rent, ₱3,000,000 for salaries, ₱500,000 for supplies and ₱500,000 for travel. This resulted in a net income of ₱1,300,000 for the year.

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    © All Rights Reserved
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    21 views1 page

    Business Finance - 02 Worksheet 1 - ARG

    Uploaded by

    Rhea Joy Orcio
    ABC Accounting Services generated ₱6,000,000 in service revenue for the year ended December 31, 20XX. Total expenses were ₱4,700,000 which included ₱700,000 for rent, ₱3,000,000 for salaries, ₱500,000 for supplies and ₱500,000 for travel. This resulted in a net income of ₱1,300,000 for the year.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    ABC Accounting Services

    Income Statement
    For the year ended December 31, 20XX

    REVENUE
    Service Revenue ₱ 6,000,000.00
    6,000,000.00
    EXPENSES
    Rent 700,000.00
    Salaries 3,000,000.00
    Supplies 500,000.00
    Travel 500,000.00
    Total Expenses 4,700,000.00
    NET INCOME ₱ 1,300,000.00

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