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  • Single Step Income Statement 2.0

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    Anne Christine Dela Cruz
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    The DC Car Wash income statement for 2019 shows revenues of ₱100,000 from net sales. Expenses including cost of goods sold of ₱20,000, operation expenses of ₱15,000, general and administrative expenses of ₱4,000 and a loss on sale of land of ₱1,000 totaled ₱40,000. This resulted in income before tax of ₱60,000.

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    The DC Car Wash income statement for 2019 shows revenues of ₱100,000 from net sales. Expenses including cost of goods sold of ₱20,000, operation expenses of ₱15,000, general and administrative expenses of ₱4,000 and a loss on sale of land of ₱1,000 totaled ₱40,000. This resulted in income before tax of ₱60,000.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views2 pages

    Single Step Income Statement 2.0

    Uploaded by

    Anne Christine Dela Cruz
    The DC Car Wash income statement for 2019 shows revenues of ₱100,000 from net sales. Expenses including cost of goods sold of ₱20,000, operation expenses of ₱15,000, general and administrative expenses of ₱4,000 and a loss on sale of land of ₱1,000 totaled ₱40,000. This resulted in income before tax of ₱60,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    DC Car Wash

    Income Statement
    For the Year Ended [De. 31, 2019]
    Revenue
    Net Sales
    Expenses and losses
    Cost of goods sold ₱ 20,000.00
    Operation expenses 15,000
    General and administrative 4,000
    Loss on sale of land 1,000
    Internet expense 0
    Income before tax
    Income tax expense
    Net Income
    9]

    ₱ 100,000.00

    40,000
    60,000
    10,000
    50,000

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