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  • Profit and Loss

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    Kaafi Yare
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    The profit and loss statement for Gololey General Trading Company for July 19, 2023 shows total income of $18,958.64 from sales and total expenses of $787.79. This results in net ordinary income of $1,475.19. Additional other income of $46 was earned while other expenses were $2.53, resulting in net other income of $43.47. The overall net income for the period was $1,518.66.

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    The profit and loss statement for Gololey General Trading Company for July 19, 2023 shows total income of $18,958.64 from sales and total expenses of $787.79. This results in net ordinary income of $1,475.19. Additional other income of $46 was earned while other expenses were $2.53, resulting in net other income of $43.47. The overall net income for the period was $1,518.66.

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    © All Rights Reserved
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    5 views1 page

    Profit and Loss

    Uploaded by

    Kaafi Yare
    The profit and loss statement for Gololey General Trading Company for July 19, 2023 shows total income of $18,958.64 from sales and total expenses of $787.79. This results in net ordinary income of $1,475.19. Additional other income of $46 was earned while other expenses were $2.53, resulting in net other income of $43.47. The overall net income for the period was $1,518.66.

    Copyright:

    © All Rights Reserved
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    of 1

    10:24 AM Gololey General Trading Company-GUDELLE

    07/19/23 Profit & Loss


    Accrual Basis All Transactions

    Jul 19, 23
    Ordinary Income/Expense
    Income
    Sales 18,958.64

    Total Income 18,958.64

    Cost of Goods Sold


    Cost of Goods Sold 16,695.66

    Total COGS 16,695.66

    Gross Profit 2,262.98

    Expense
    Charitable Expenses 12.00
    Daily Expenses 566.50
    Delivery Expenses 9.00
    Employee Expense 26.00
    Legal Expenses 124.60
    Loading Expense 11.70
    Managerial Expenses 33.00
    Payroll Expenses 5.00
    Reconciliation Discrepancies -0.01

    Total Expense 787.79

    Net Ordinary Income 1,475.19

    Other Income/Expense
    Other Income
    OTher Income 46.00

    Total Other Income 46.00

    Other Expense
    Discounts 10.51
    Exchange Gain or Loss -7.98

    Total Other Expense 2.53

    Net Other Income 43.47

    Net Income 1,518.66

    Page 1

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