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  • Trial Balance As at 30 September 2008

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    MOHAMED USAID
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    The income statement for the year ended September 30, 2008 shows net revenue of $500,000 with cost of sales of $110,150 resulting in a gross profit. Other incomes totaled $10,320 bringing the total profit to $120,470.

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    Trial Balance as at 30 September 2008

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    The income statement for the year ended September 30, 2008 shows net revenue of $500,000 with cost of sales of $110,150 resulting in a gross profit. Other incomes totaled $10,320 bringing the total profit to $120,470.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    8 views1 page

    Trial Balance As at 30 September 2008

    Uploaded by

    MOHAMED USAID
    The income statement for the year ended September 30, 2008 shows net revenue of $500,000 with cost of sales of $110,150 resulting in a gross profit. Other incomes totaled $10,320 bringing the total profit to $120,470.

    Copyright:

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

    Income statement for the year ended 30 September 2008

    $ $
    Revenue 500 000
    Less: Sales Return -
    Net Revenue 500 000
    Less: Cost of sales:

    Opening Inventory 2460


    Add Purchases 377 750
    Add Carriage inwards 15260
    Less purchases return (5120)
    Less Closing inventory
    (389 850)
    Cost of sales
    110 150
    Gross Profit

    Add other incomes: 7140


    Rent Received 3180 10 320
    Discount Received 120470

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