https://www.harpercollege.edu/academic-support/tutoring/subjects/pdf/ACC101-Chapter4new.

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VICTORY TRADING COMPANY

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For The Pe riod Ended 31 March 2019
Reve nue
Sales Rp 1.500.500.000
Sales Discount Rp -
Sales Returns Rp (51.800.000)
Late Fees Income Rp - Rp 1.448.700.000
Cost of Goods Sold
Cost of Goods Sold Rp 1.145.623.950
Freight Paid Rp - Rp (1.145.623.950)
Othe r Reve nue
Interest Revenue Rp 17.000.000
GROSS PROFIT Rp 320.076.050

Ope rating Expenses

Selling Expenses:
Advertising Expenses Rp 8.400.000
Telephone, Water & Electricity Exp Rp 5.315.000
Store Supplies Expenses Rp 10.315.000
Late Fees Payment Rp - Rp 24.030.000
Administrative Expense s:
Depreciation Expenses Rp 1.050.000
Insurance Expense Rp 5.500.000
Rent Expense Rp 10.500.000
Wages & Salaries Rp 20.500.000 Rp 37.550.000

Financial Expenses:
Interest Expense Rp 13.255.000
Bank Service Charge Rp 8.745.000
Bad Debts Expenses Rp 38.007.000 Rp 60.007.000

Other Ope rating Expense

Other Operating Expenses Rp 5.000.000

Total Operating Expenses Rp 126.587.000

NET INCOME Before Tax Rp 193.489.050

Less : Income Tax Expense 25 % Rp 48.372.263
Net Income Afte r Tax Rp 145.116.788