Profit and Loss Account

Turnover
Cost of Sales
Opening Stock
Purchases
Closing Stock
Cost of Sales
Gross Profit

4,000,000
1,850,000
100,000
1,700,000
50,000
1,750,000
2,250,000

Less Expenditure
Wages
Utilities
Rent
Coucil Tax
Other Costs
Net Profit

400,000
27500
10,000
15,000
30,000
482,500
1,767,500