Scribd Logo
Upload

Welcome to Scribd!

  • AChawla AUS Practice Set Education - Profit and Loss

    Uploaded by

    simran chawla
    11 views1 page
    This document is a profit and loss statement for AChawla AUS Practice Set Education for July 2023. It shows that the company had $8,000 in sales and $1,600 in cost of goods sold, resulting in a gross profit of $6,400. Operating expenses for the month totaled $6,571, resulting in a net loss of $171, which met the budgeted loss. Year-to-date numbers matched the budgeted amounts as well.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document is a profit and loss statement for AChawla AUS Practice Set Education for July 2023. It shows that the company had $8,000 in sales and $1,600 in cost of goods sold, resulting in a gross profit of $6,400. Operating expenses for the month totaled $6,571, resulting in a net loss of $171, which met the budgeted loss. Year-to-date numbers matched the budgeted amounts as well.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views1 page

    AChawla AUS Practice Set Education - Profit and Loss

    Uploaded by

    simran chawla
    This document is a profit and loss statement for AChawla AUS Practice Set Education for July 2023. It shows that the company had $8,000 in sales and $1,600 in cost of goods sold, resulting in a gross profit of $6,400. Operating expenses for the month totaled $6,571, resulting in a net loss of $171, which met the budgeted loss. Year-to-date numbers matched the budgeted amounts as well.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Profit and Loss

    AChawla AUS Practice Set Education 


    1 Jul 2023 to 31 Jul 2023 
    Actual Budget Var AUD Var % YTD Actual YTD Budget Var AUD Var %

    Income 
    Sales 8,000 8,000 - 0.0% 8,000 8,000 - 0.0%
    Total Income 8,000 8,000 - 0.0% 8,000 8,000 - 0.0%

    Less Cost of Sales 


    Cost of Goods Sold 1,600 1,600 - 0.0% 1,600 1,600 - 0.0%
    Total Cost of Sales 1,600 1,600 - 0.0% 1,600 1,600 - 0.0%

    Gross Profit 6,400 6,400 - 0.0% 6,400 6,400 - 0.0%

    Less Operating Expenses 


    Bank Fees 5 5 - 0.0% 5 5 - 0.0%
    Depreciation 30 30 - -1.6% 30 30 - -1.6%
    Insurance 300 300 - 0.0% 300 300 - 0.0%
    Light, Power, Heating 436 436 - 0.1% 436 436 - 0.1%
    Rent 727 727 - 0.0% 727 727 - 0.0%
    Telephone & Internet 73 73 - -0.4% 73 73 - -0.4%
    Wages and Salaries 5,000 5,000 - 0.0% 5,000 5,000 - 0.0%
    Total Operating Expenses 6,571 6,571 - 0.0% 6,571 6,571 - 0.0%

    Net Profit (171) (171) - 0.0% (171) (171) - 0.0%

    Profit and Loss  |  AChawla AUS Practice Set Education  |  6 March 2023   Page 1 of 1

    You might also like