Scribd Logo
Upload

Welcome to Scribd!

  • Income Statement Aug 2016: Najib Company-UOM July

    Uploaded by

    Najib Afdal Ebrahim
    7 views1 page
    Najib Company's income statement for August 2016 shows total sales of $88,364, with costs of goods sold of $64,621, resulting in a gross profit of $23,743. Total expenses for the month were $37,250, including $10,000 for security and janitorial expenses. This led to a net ordinary income of ($13,507) and net loss for the month.

    Original Description:

    Income Statement

    Original Title

    2 IncomeStatement-984

    Copyright

    © © All Rights Reserved

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Najib Company's income statement for August 2016 shows total sales of $88,364, with costs of goods sold of $64,621, resulting in a gross profit of $23,743. Total expenses for the month were $37,250, including $10,000 for security and janitorial expenses. This led to a net ordinary income of ($13,507) and net loss for the month.

    Copyright:

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

    Income Statement Aug 2016: Najib Company-UOM July

    Uploaded by

    Najib Afdal Ebrahim
    Najib Company's income statement for August 2016 shows total sales of $88,364, with costs of goods sold of $64,621, resulting in a gross profit of $23,743. Total expenses for the month were $37,250, including $10,000 for security and janitorial expenses. This led to a net ordinary income of ($13,507) and net loss for the month.

    Copyright:

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

    Najib Company- UOM July

    Income Statement
    Aug 2016
    FINANCIAL ROW AMOUNT
    Ordinary Income/Expense
    Income
    Sales $88,364.00
    Total - Income $88,364.00
    Cost Of Sales
    Cost of Goods Sold $64,621.14
    Total - Cost Of Sales $64,621.14
    Gross Profit $23,742.86
    Expense
    Automobile Expense
    Gas & Oil $3,000.00
    Total - Automobile Expense $3,000.00
    Insurance Expense $1,000.00
    Internet Expense $1,000.00
    Light and water expense $750.00
    Miscellaneous Expense $2,000.00
    Office Expense $8,000.00
    Rent Expense $7,500.00
    Repairs & Maintenance $2,000.00
    Security and Janitorial Expenses $10,000.00
    Transportation Expense $2,000.00
    Total - Expense $37,250.00
    Net Ordinary Income ($13,507.14)
    Net Income ($13,507.14)

    You might also like