SENA

CENTER FOR THE MANAGEMENT OF LOGISTICS MARKETS AND

INFORMATION TECHNOLOGIES

Technologist in Logistics Management

File # 1792945

AA10_DR_Ev 3: Profits and Loss

Presented to Instructor:
DIANA RUBIN

Presented by:
AUGUSTO GABRIEL MEJIA OSPINA

Cali, August 04, 2019

TABLE OF CONTENTS

Introduction……………………………………………………………….….………………3

Evidencia 3: Profit and Loss……………………………………………………………….4

Identifique la palabra oculta según la definición dada y escriba la respuesta en el

espacio correspondiente (Unscramble the letters)……………………………………..5

Resuelva el código secreto……………………………………………………………….6

Complete las oraciones.

Trading Account for the year ending December 2018…………………………………………..7

Interpretation.

Conclusion………………………………………………………….................................8
 INTRODUCTION

The importance of the tabulation tables, which provides order and information every
movement that the company has, this is a important tool for a good record of profit and
losses movement.
 Evidencia 3: Profit and Loss

Companies sell products or services to the public or other businesses. A product

might be something to eat, or to wear or to play. A service is doing something for
someone for example, a hairdresser, a plumber or a childminder. Companies make
money by selling their product or service for more money than it costs to make or
deliver. The extra money that they make is called a Profit.
When a company doesn't make as much money as it costs to make the product or
service it is called a Loss. Making a Loss can lead to the company going out of
business and people losing their jobs. Companies always try to make a Profit from
everything that they sell.
It's not only companies that want to make a profit, events like school fetes and coffee
mornings try to make a profit too, sometimes the money is for school funds or it might
be raising money for charity.
Trying to make a Profit is a balancing act; events or companies have to find ways to
keep their costs as low as possible, the cheaper it costs to make a product or deliver
a service the bigger profit they can make when they sell it. But they also have to
make sure that they don't charge too much money for the product as people won't
buy something that they think is too expensive.
 1. Unscramble the letters

Identifique la palabra oculta según la definición dada y escriba la respuesta en el

espacio correspondiente.

a) This is something you have been given CEREIDVE

Answer received

b) This is when you make money ROTPIF

Answer profit

c) You can speak to people far away with this PHELOENET

Answer telephone

d) When you get something ready before it is needed PEPRAER

Answer prepare
Resuelva el código secreto con el fin de encontrar la frase oculta teniendo en

cuenta el ejemplo.

example: (code) FBGL = HAIR (English)

English= A D E H I N O P R S V X
Code= B X Y F G Q K T L M C W

KCYLFYBXM BLY YWTYQMGCY =

Overheads are expensive

2. Complete las oraciones.

Use las siguientes palabras para completar las oraciones en el texto.

loss recorded rent

profit expenses

Capital Expenditure - Purchasing fixed assets which will last a number of years, e.g.
equipment, machinery, premises, motor vehicles. These assets are recorded in
the balance sheet and not in the expenses and loss account. Revenue
Expenditure - profit involved in the day-to-day running of the business,
e.g. wages, rent insurance, advertising, telephone. These expenses are
recorded in the profit and the profit loss account.
 3. Trading Account for the year ending December 2018.

$ $ $
Sales 12,000
Less returns 500
11,500
Opening stock 400
Purchases 2,500
Less returns 200 2300
2,700
Less closing stock 200
Cost of goods sold 2,500
Gross Profit 9,000

Interpretation

The Company Café Sello Rojo had sales of $12,000 USD at the year end. Less
returns, this came to $11,500 USD. The company had opening stock of $400 USD and
closing stock of $200 USD The company had purchases of $2,500 USD, less returns of
$200 USD. The cost of the goods sold came to $2,500 USD This makes the gross profit
$9,000 USD.
 CONCLUSION
The tabulation tables are a very important tool that´s help every company to record all
internal and external process, to control the profit and losses, and everything related to
the company ,includes wages, insurance, advertising, telephone.