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    Book 1

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    pdpgptjb6j
    The document shows the income statement of a company over 4 months. Revenue and gross profit increased each month as revenue grew from PHP 24,000 to PHP 50,000. While expenses also rose, the net income increased substantially each month from PHP 5,120 to PHP 24,539 due to higher revenues and gross profits outweighing rising costs.

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    Book 1

    Uploaded by

    pdpgptjb6j
    8 views1 page
    The document shows the income statement of a company over 4 months. Revenue and gross profit increased each month as revenue grew from PHP 24,000 to PHP 50,000. While expenses also rose, the net income increased substantially each month from PHP 5,120 to PHP 24,539 due to higher revenues and gross profits outweighing rising costs.

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    The document shows the income statement of a company over 4 months. Revenue and gross profit increased each month as revenue grew from PHP 24,000 to PHP 50,000. While expenses also rose, the net income increased substantially each month from PHP 5,120 to PHP 24,539 due to higher revenues and gross profits outweighing rising costs.

    Copyright:

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

    Book 1

    Uploaded by

    pdpgptjb6j
    The document shows the income statement of a company over 4 months. Revenue and gross profit increased each month as revenue grew from PHP 24,000 to PHP 50,000. While expenses also rose, the net income increased substantially each month from PHP 5,120 to PHP 24,539 due to higher revenues and gross profits outweighing rising costs.

    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

    Income Statement May-23 June 2023 July 2023 August 2023

    Revenue Php 24,000 Php 29,000 Php 39,000 Php 50,000


    Cost of Goods Sold Php 10,000 Php 10,715 Php 12,265 Php 14,520
    Gross Profit Php 14,000 Php 18,285 Php 26,735 Php 35,480
    Selling, General, and administrative expenses Php 7,000 Php 6,469 Php 6,988 Php 8,541
    Operating Profit Php 7,000 Php 11,816 Php 19,747 Php 26,939
    Taxes and Others Php 900 Php 900 Php 900 Php 900
    Utilities Php 980 Php 1000 Php 1,200 Php 1,500
    Net Income Php 5,120 Php 9,916 Php 17,647 Php 24,539

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