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  • Profit & Loss Statement Review

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    DibyashreeMohanty
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    The statement of profit and loss shows a loss for the current reporting period. Total revenue was Rs. 3,13,500 which included Rs. 3,03,000 from sales and Rs. 10,500 from other income like interest, commission, and discounts received. Total expenses were Rs. 10,56,850, resulting in a loss before tax of Rs. 7,73,350. After accounting for taxes, the loss for the period was Rs. 7,73,350.

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    STATEMENT OF PROFIT AND LOSS 1.docx

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    The statement of profit and loss shows a loss for the current reporting period. Total revenue was Rs. 3,13,500 which included Rs. 3,03,000 from sales and Rs. 10,500 from other income like interest, commission, and discounts received. Total expenses were Rs. 10,56,850, resulting in a loss before tax of Rs. 7,73,350. After accounting for taxes, the loss for the period was Rs. 7,73,350.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    Profit & Loss Statement Review

    Uploaded by

    DibyashreeMohanty
    The statement of profit and loss shows a loss for the current reporting period. Total revenue was Rs. 3,13,500 which included Rs. 3,03,000 from sales and Rs. 10,500 from other income like interest, commission, and discounts received. Total expenses were Rs. 10,56,850, resulting in a loss before tax of Rs. 7,73,350. After accounting for taxes, the loss for the period was Rs. 7,73,350.

    Copyright:

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

    STATEMENT OF PROFIT AND

    LOSS
    PARTICULARS

    I.
    II.

    III.
    IV.

    V.
    VI.
    VII
    .

    Revenue from operations


    sales
    Other income
    Interest received
    Commission received
    Discount received
    Income received
    Total Revenue(I+II)
    Expenses:
    Purchases
    wages
    octroi
    Excise duty
    Carriage outward
    rent
    Printing and stationery
    Telephone expense
    electricity
    salary
    Travelling expense
    postage
    Miscellaneous expense
    Marketing and advertisement
    Labour charges
    repairs
    depreciation
    Bank charges
    Bad debts
    Total expense
    loss before tax(III-IV)
    Tax
    loss after tax(V-VI)

    NOT
    E
    NO.

    Figures
    for the
    current
    reportin
    g period
    3,03,000
    3000
    1000
    1500
    5000
    3,13,500
    1,50,000
    15000
    8000
    7,61,600
    1500
    25,000
    4000
    10,000
    1000
    10,000
    2200
    50
    20,000
    10,000
    5000
    8500
    20,000
    1000
    4000
    1056850
    773350
    773350

    Figures
    for the
    previous
    reportin
    g period

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