Income Statement for Traders

Ali Hassan Traders

Income Statement
For the period ended 30th June, 2015

Sales ZZZZZ
Less cost of goods sold (ZZZZZ)
Gross Profit ZZZZZ
Less Expense
Electricity Expense (ZZZZZ)
Rent Expense (ZZZZZ)
Cleaning and sweeping Expense (ZZZZZ)
Salaries Expense (ZZZZZ)
Miscellaneous Expense (ZZZZZ) (ZZZZZ)
Profit before Interest and Tax ZZZZZ
Less Interest (ZZZZZ)
Profit after interest before tax ZZZZZ
Less Tax (ZZZZZ)
Profit after Interest and Tax /Net Profit ZZZZZ

Cost of Goods Sold Statement for Trader

Ali Hassan Traders
Cost of goods sold statement
For the period ended 30th June, 2011
Opening Stock ZZZZZ
Add Purchases ZZZZZ
Total Available for sale ZZZZZ
Less Closing Stock (ZZZZZ)
Cost of Goods sold ZZZZZ

Income Statement for Service Providers

Ali Clinic
Income Statement
For the period ended 30th June, 2015
Revenues
Consulting revenue ZZZZZ
Less Expenses
Medicine Expense (ZZZZZ)
Electricity Expense (ZZZZZ)
Rent Expense (ZZZZZ)
Cleaning and sweeping Expense (ZZZZZ)
Salaries Expense (ZZZZZ)
Miscellaneous Expense (ZZZZZ) ( ZZZZZ)
Income before tax ZZZZZ
Less Tax (ZZZZZ)
Income after tax /Net Income ZZZZZ
 Income Statement for Manufacturer
Shahtaj Sugar Mills
Income Statement
For the period ended 30th June, 2015
Sales ZZZZZ
Less cost of goods sold (ZZZZZ)
Gross Profit ZZZZZ
Less Operating Expense
Administrative Expenses (ZZZZZ)
Selling Expenses (ZZZZZ)
Distribution Expenses (ZZZZZ)
Marketing Expenses (ZZZZZ) (ZZZZZ)
Profit before Interest and Tax ZZZZZ
Less Interest (ZZZZZ)
Profit after interest before tax ZZZZZ
Less Tax (ZZZZZ)
Profit after Interest and Tax /Net Profit ZZZZZ

Cost of Goods Manufactured and Sold Statement for Manufacturer

Shahtaj Sugar Mills
Cost of goods manufactured and sold statement
For the period ended 30th June, 2015

Direct Material Consumed ZZZZZ

Add Direct Labour ZZZZZ
Add Factory Overheads ZZZZZ
Total Factory Cost/ Total Manufacturing Cost ZZZZZ
Add Work in Process Opening Inventory ZZZZZ
Cost of Goods available for manufacturing ZZZZZ
Less Work in Process Closing Inventory (ZZZZZ)
Cost of Goods Manufactured ZZZZZ
Add Finished goods opening Inventory ZZZZZ
Cost of Goods available for Sale ZZZZZ
Less Finished Goods closing Inventory (ZZZZZ)
Cost of Goods Sold ZZZZZ

Calculation of Direct Material Consumed

Raw Material Opening Stock ZZZZZ
Add Raw Material Purchased ZZZZZ
Add transportation/Freight In ZZZZZ
Total Available for Use ZZZZZ
Less Raw Material Closing Stock (ZZZZZ)
Direct Material Consumed ZZZZZ
Note: You have to make calculations for every item of material used in manufacturing of a
product.