Scribd Logo
Upload

Welcome to Scribd!

  • Income Statement 100 Entries

    Uploaded by

    Haseeb Ahsan
    6 views1 page
    The document summarizes the financial statements of a company for a period. It shows net sales of Rs. 46500 after returns. Cost of goods sold is Rs. 47500, resulting in a gross loss of Rs. 1000. Total expenses for the period were Rs. 228450, including rent, wages, supplies, and other operating and non-operating expenses. This led to a net loss of Rs. 227450 for the period. Additional revenue of Rs. 23000 was earned, reducing the net loss to Rs. 204450.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document summarizes the financial statements of a company for a period. It shows net sales of Rs. 46500 after returns. Cost of goods sold is Rs. 47500, resulting in a gross loss of Rs. 1000. Total expenses for the period were Rs. 228450, including rent, wages, supplies, and other operating and non-operating expenses. This led to a net loss of Rs. 227450 for the period. Additional revenue of Rs. 23000 was earned, reducing the net loss to Rs. 204450.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    6 views1 page

    Income Statement 100 Entries

    Uploaded by

    Haseeb Ahsan
    The document summarizes the financial statements of a company for a period. It shows net sales of Rs. 46500 after returns. Cost of goods sold is Rs. 47500, resulting in a gross loss of Rs. 1000. Total expenses for the period were Rs. 228450, including rent, wages, supplies, and other operating and non-operating expenses. This led to a net loss of Rs. 227450 for the period. Additional revenue of Rs. 23000 was earned, reducing the net loss to Rs. 204450.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    Particulars rs rs

    Sales 52000
    Sales return 5500
    Net sales 46500

    Less:CGS
    Purchases 67500
    Purchase return 20000
    Net purchase 47500
    closing inventory 0

    Gross profit -1000

    Expenses
    Supplies expense 7500
    Rent expense 26000
    fuel expense 8000
    wages expense 11000
    Utility 10050
    telephone 13500
    missecellenous 7000
    legal 10400
    travel 6500
    internat 31000
    insurance exp 11000
    heat and light exp 14000
    Interest exp 9000
    advirtisement 23000
    dep exp on assets 40500 228450
    net profit/loss -227450

    revenue
    earned revenue 23000
    Net income/loss -204450

    You might also like