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    Profit and Loss Account Templates

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    Spam Junk
    The document shows the profit and loss statement for an unnamed company. It lists sales of $350,000 and costs of goods sold of $35,000, resulting in a gross profit of $315,000. Total operating expenses were $151,900, including advertising, shipping, cleaning, wages, rent, interest and insurance. Net profit before tax was $163,100 and after a 25% tax was $122,345. Dividends of $100,000 were paid, with retained profit of $22,345.

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    Profit and Loss Account Templates

    Uploaded by

    Spam Junk
    26 views2 pages
    The document shows the profit and loss statement for an unnamed company. It lists sales of $350,000 and costs of goods sold of $35,000, resulting in a gross profit of $315,000. Total operating expenses were $151,900, including advertising, shipping, cleaning, wages, rent, interest and insurance. Net profit before tax was $163,100 and after a 25% tax was $122,345. Dividends of $100,000 were paid, with retained profit of $22,345.

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    P&L

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    Profit and Loss Account templates

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    The document shows the profit and loss statement for an unnamed company. It lists sales of $350,000 and costs of goods sold of $35,000, resulting in a gross profit of $315,000. Total operating expenses were $151,900, including advertising, shipping, cleaning, wages, rent, interest and insurance. Net profit before tax was $163,100 and after a 25% tax was $122,345. Dividends of $100,000 were paid, with retained profit of $22,345.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    26 views2 pages

    Profit and Loss Account Templates

    Uploaded by

    Spam Junk
    The document shows the profit and loss statement for an unnamed company. It lists sales of $350,000 and costs of goods sold of $35,000, resulting in a gross profit of $315,000. Total operating expenses were $151,900, including advertising, shipping, cleaning, wages, rent, interest and insurance. Net profit before tax was $163,100 and after a 25% tax was $122,345. Dividends of $100,000 were paid, with retained profit of $22,345.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    Profit and Loss Statement for….

    Add up Final Figures


    Sales $350,000
    Less COGS
    Opening Stock $110,000
    Plus, Purchases $45,000
    Less Closing Stock -$120,000
    COGS Total -$35,000
    Gross Profit (sales - COGS) $315,000

    Less Operating Expenses


    Selling Expenses
    Advertising $13,000
    Shipping $4,000
    General Expenses
    Cleaning $22,000
    Wages $55,000
    Phone $1,200
    Rent $50,000
    Financial Expenses
    Interest $2,500
    Insurance $4,200
    Expenses total: -$151,900
    Net Profit before tax $163,100
    Tax (25%) % = /100 -$40,775
    Net Profit after tax $122,345

    Dividends $100,000
    Retained Profit $22,345
    Profit and Loss Statement for Sathya’s Skatehouse

    Add up Final figures


    Sales $500,000
    Less COGS
    Opening Stock $100,000
    Plus Purchases $50,000
    Less Closing Stock -$20,000
    COGS Total $130,000
    Gross Profit (Sales – COGS) $370,000

    Less Operating Expenses


    Selling Expenses
    Advertising $10,000
    Rent $20,000
    Salesperson’s wage $80,000
    General Expenses
    Telephone $15,000
    Rates $3,500
    Electricity $2,100
    Water $3,500
    Lease cost $5,500
    Depreciation $4,000
    Financial Expenses
    Interest $2,500
    Insurance $2,000
    Expenses total: -$148,100
    Net Profit before tax $221,900
    Tax (25%) % = /100 $55,475
    Net Profit after tax $166,425

    Dividends
    Retained Profit $166,425

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