Profit & Loss Statement

Details Amt Amt Amt

Sales 20,000
Less: Sales Return -
Less: Sales Discounts 100
Net Sales 19,900

Cost of goods sold

Opening Stock -
Purchases -
Cartage Inwards -
-
Less: Purchase Return -
Less: Purchase Discounts - -
Merchandise available for sale -
Closing Stock - -
Gross Profit / Loss 19,900

Less: Operating Expenses

Rental Expenses -
Wages Expenses -
Insurance Expenses -
Selling Expenses -
Electricity Expenses -
Delivery Expenses -
Advertising Expenses -
Miscellaneous Expenses -
Stationary Expenses -
Allowance For Depreciation -
Allowance For Bad Debts - -
Net Profit / Loss 19,900

Additional Income:
Rental Income -
Interest Income -
Commission Income Earned -
Less: Commission Income Returned - - -
Net Profit / Loss After Additional Income 19,900
 Balance Sheet
ASSETS Amt Amt
Current Assets:
Cash 20,000
Bank 1,000
Accounts Receivable -
Less: Allowance For Bad Debts - -

Closing Stock -

Non-Current Assets:
Delivery Van -
Fixtures & Fittings -
-
Less: Allowance For Depreciation - -

TOTAL ASSETS 21,000

EQUITY Amt Amt

Current Liabilities:
Accounts Payable -

Shareholders Equity:
Capital -
Net Profit / Loss ### 19,900
TOTAL EQUITY 19,900