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    This document shows the statement of income and expenses for a company. It details sales revenue, cost of goods sold, and gross profit. Total operating expenses for the period were P175,000, including costs for electricity, rent, salaries, advertising, repairs and depreciation. After accounting for operating expenses and income tax, the company reported a net profit or loss of PXXX for the period.

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    This document shows the statement of income and expenses for a company. It details sales revenue, cost of goods sold, and gross profit. Total operating expenses for the period were P175,000, including costs for electricity, rent, salaries, advertising, repairs and depreciation. After accounting for operating expenses and income tax, the company reported a net profit or loss of PXXX for the period.

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    © All Rights Reserved
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    8 views1 page

    Re PDF

    Uploaded by

    tupe lasiko
    This document shows the statement of income and expenses for a company. It details sales revenue, cost of goods sold, and gross profit. Total operating expenses for the period were P175,000, including costs for electricity, rent, salaries, advertising, repairs and depreciation. After accounting for operating expenses and income tax, the company reported a net profit or loss of PXXX for the period.

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    © All Rights Reserved
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    STATEMENT OF INCOME AND EXPENSES

    Sales (SP x No. units) P xxx


    Less: *COGS (Cost no. of units) (xxx)
    Gross Profit (Margin) P xxx
    Less: Operating Expenses P25, 000
    Electricity and water P20, 000
    Taxes and licenses P20, 000
    Rent expenses P15, 000
    Utilities expense P20, 000
    Salaries of personnel P10, 000
    Salaries of sales agent P15, 000
    Advertisement expenses P20, 000
    Selling expenses P10, 000
    Repairs and Maintenance P10, 000
    Depreciating Expense P10, 000
    Total Operating Expense P175, 000
    Operating Profit (Loss) P xxx
    Less: Income Tax (xxx)
    NET PROFIT (LOSS) P XXX

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