Professional Documents
Culture Documents
Profit and Loss
Profit and Loss
Presented by:
Almavivitas team
Integrantes:
Yudy Carolina Arevalo Salvo
Diana Patricia Calderón Medina
Olga Emilse Guerrero Gómez
Table of contents
Answer: Received
Answer: Profit
Answer: Telephone
Answer: Prepare
Resuelva el código secreto con el fin de encontrar la frase oculta teniendo en cuenta el
ejemplo:
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
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 profit and loss account. Revenue Expenditure -loss 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 expenses account.
In the next table we will see the operation that was worked during this year.
$ $ $
Sales $ 20.000
Less Returns $ 1.200
$ 18.800
Opening Stock $ 2.000.000
Purchases $ 1.813.200
Less Returns $ 200.000 $ 1.613.200
$ 3.613.200
Less Closing Stock $ 5.564.000
Cost of Goods Sold $ 1.900.000
Gross Profit $ 9.464.000
The company had sales of $ 20,000. Less returns that were $ 1200.
The company had initial shares of $ 20,000,000 and final shares of $ 5´564.000.