Ruth Karim

Trading Profit & Loss Account for the period ended 30 September 2017
$ $
Revenue
Sales Return
Net Sales
Less Cost of Goods Sold:
Opening Stock 87000
Add Purchases 66000
Purchases Return 11000
Net Purchases 55000
Cost of Goods Available for Sale 153000
Less Closing Stock 25000
Cost of Goods Sold
Gross Profit
Less Expenses:
Carriage Outwards 1000
Miscellaneous Expenses 6000
Rent 7200
Trade Receivables 19000
Wages 12000
Total Expenses
Net Profit
eriod ended 30 September 2017
$
180000
16000
164000

128000
36000

45200
9200