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    The document summarizes the profit and loss statement and statement of financial position for a company as of September 31, 2022. It shows the company had net sales of TZS 534.84 million, cost of goods sold of TZS 301.04 million, and gross profit of TZS 233.8 million. After total expenses of TZS 204.53 million, the company's net profit for the period was TZS 32.2 million. The statement of financial position lists total assets of TZS 286.98 million, total equity and liabilities of TZS 222.47 million, including long term bank loans of TZS 151 million.

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    The document summarizes the profit and loss statement and statement of financial position for a company as of September 31, 2022. It shows the company had net sales of TZS 534.84 million, cost of goods sold of TZS 301.04 million, and gross profit of TZS 233.8 million. After total expenses of TZS 204.53 million, the company's net profit for the period was TZS 32.2 million. The statement of financial position lists total assets of TZS 286.98 million, total equity and liabilities of TZS 222.47 million, including long term bank loans of TZS 151 million.

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    Download as XLSX, PDF, TXT or read online from Scribd
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    4 views4 pages

    Individual Assigment

    Uploaded by

    chuwamacmillan
    The document summarizes the profit and loss statement and statement of financial position for a company as of September 31, 2022. It shows the company had net sales of TZS 534.84 million, cost of goods sold of TZS 301.04 million, and gross profit of TZS 233.8 million. After total expenses of TZS 204.53 million, the company's net profit for the period was TZS 32.2 million. The statement of financial position lists total assets of TZS 286.98 million, total equity and liabilities of TZS 222.47 million, including long term bank loans of TZS 151 million.

    Copyright:

    © All Rights Reserved
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    of 4

    THE STATEMENT OF PROFIT OR LOSS AS ATE 31ST SEPTEMBER 2022

    Particulars
    Sales
    Less: Return Inwards
    Net Sales
    Less: Cost of Goods Sold (COGS)
    Opening stock
    Purchases 317,450
    Add Carrage Inward 2,312
    Less Return Outwards -17,965
    301,797
    Less Drawings -5,400
    (COGAS) Cost Of Goods Available for Sale
    Less Closing Stock
    GROSS PROFIT
    Add: Discount Received
    Add: Allowance
    NET INCOME

    Less expenses
    Discount Allowed
    Rental Cost
    Carraige Outward
    Internet and Telephone
    Light and Heat
    Advertisment and media
    Insuarance
    Wages and salaries
    Bad debts
    Employee's AZK costs
    Rates, Waters and charges
    NET PROFIT
    TZS("000") TZS("000")
    557,820
    22,980
    534,840

    26,180

    296,397
    322,577
    -21,540 301,037
    233,803
    1,850
    1,074
    236,727

    2,540
    41,840
    3,468
    2,664
    6,520
    3,150
    14,250
    103,740
    6,260
    12,150
    7,950 204,532
    32,195
    THE STATEMENT OF FINANCIAL PERFORMANCE AS AT ENDED 31ST SEPTEMBER 2022
    NON-CURRENT ASSETS
    Land

    CURRENT ASSETS
    Stock
    Debtors (59,520-2,976)
    Prepared Insureance
    Bank and Cash
    TOTAL ASSETS

    Financed by Equity
    Capital
    Add: Netprofit
    Less: Drawings

    LONG TERM LIABILITIES


    Long term bank loan
    CURRENT LIABILITIES
    Creditor payable
    AZK liability
    VAT liability
    Accured telephone
    Accured Loan interest
    TZS ("000")
    198,540

    21,450
    56,544
    3,600
    6,845
    286,979

    13,840
    18,840
    27,365
    -19,760
    40,285

    151,000

    57,160
    2,240
    7,130
    444
    4,500
    222,474

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