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    Rizy Bumh
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    The income statement of a grocery store for the 6 months ended June 30, 2023 showed total sales of €54,550 and cost of goods sold of €43,635. Gross profit was €10,915 with total operating expenses of €1,545.36. This resulted in a net profit of €9,369.64 for the 6 month period.

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    Income Statement (2)

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    The income statement of a grocery store for the 6 months ended June 30, 2023 showed total sales of €54,550 and cost of goods sold of €43,635. Gross profit was €10,915 with total operating expenses of €1,545.36. This resulted in a net profit of €9,369.64 for the 6 month period.

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    © All Rights Reserved
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    21 views1 page

    Income Statement

    Uploaded by

    Rizy Bumh
    The income statement of a grocery store for the 6 months ended June 30, 2023 showed total sales of €54,550 and cost of goods sold of €43,635. Gross profit was €10,915 with total operating expenses of €1,545.36. This resulted in a net profit of €9,369.64 for the 6 month period.

    Copyright:

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

    Income statement of a grocery store for 6 months ended 30th June 2023

    Sale € 54550.00
    Cost of goods sold € 43635.00
    Opening inventory € 18200.00
    Purchase € 27272.00
    Closing inventory € 1837.00
    Gross profit € 10915.00
    Operating expenses
    Salary € 1090.90
    Income tax € 30.30
    Tax € 7.50
    Utilities € 143.93
    Transportation € 166.67
    Discount allowed € 106.06
    Total operating expenses € 1545.36
    Net profit € 9369.64

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