ABC Enterprises

▌Profit and Loss Statement

Posting Date: From 01.01.20 To 12.31.20

Template: Chart of Accounts

Report Cycle: Annual Report

Transaction Cross-Section by Posting Date Currency: PHP

Account Name Balance Year-to-Date

Turnover

R100000 - Sales and Service Revenue 563,000.00 563,000.00

Total Turnover 563,000.00 563,000.00

Cost of Sales

Total Cost of Sales

Gross Profit 563,000.00 563,000.00

Operating Costs

O100000 - Salaries & Wages (500,000.00) (500,000.00)

O200000 - SSS Contribution Expense (515,000.00) (515,000.00)

O300000 - Philhealth Contribution Expense (6,000.00) (6,000.00)

O400000 - Rent Expense (210,000.00) (210,000.00)

O500000 - Supplies Expense (10,000.00) (10,000.00)

O600000 - Light Expense (20,250.00) (20,250.00)

O700000 - Water Expense (13,200.00) (13,200.00)

0800000 - Communication Expense (52,400.00) (52,400.00)

O900000 - Transportation Expense (5,250.00) (5,250.00)

O1000000 - Depreciation Expense – Machinery 15,000.00 15,000.00

Total Operating Costs (1,317,100.00) (1,317,100.00)

Operating Profit (754,100.00) (754,100.00)

Non-Operating Income and Expenditure

Total Non-Operating Income and Expenditure

Profit After Financing Expenses (754,100.00) (754,100.00)

Taxation and Extraordinary Items

Total Taxation and Extraordinary Items

Page: 1/2 Printed By: SAP Business One Printed On: 1:02AM 07.02.22
ABC Enterprises
▌Profit and Loss Statement

Currency: PHP

Account Name Balance Year-to-Date

Profit Period (754,100.00) (754,100.00)

#9

Total #9

(754,100.00) (754,100.00)

#10

Total #10

(754,100.00) (754,100.00)
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Page: 2/2 Printed By: SAP Business One Printed On: 1:02AM 07.02.22