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  • Activity On Financial Statement: Ambreen Alam Al Heera School For Girls

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    Ambreen Alam
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    The document provides information and steps to understand a company's financial statements. It shows revenue of 567,674 and expenses including salaries of 102,800, rent of 35,900, and advertising of 41,330. Calculating gross profit by subtracting costs of goods sold from revenue results in 381,754. Subtracting total expenses of 267,197 from gross profit gives a net profit before tax of 114,557. After subtracting tax of 23,100, the net profit after taxation is 91,457.

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    Week 1, Lesson 6

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    The document provides information and steps to understand a company's financial statements. It shows revenue of 567,674 and expenses including salaries of 102,800, rent of 35,900, and advertising of 41,330. Calculating gross profit by subtracting costs of goods sold from revenue results in 381,754. Subtracting total expenses of 267,197 from gross profit gives a net profit before tax of 114,557. After subtracting tax of 23,100, the net profit after taxation is 91,457.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    5 views9 pages

    Activity On Financial Statement: Ambreen Alam Al Heera School For Girls

    Uploaded by

    Ambreen Alam
    The document provides information and steps to understand a company's financial statements. It shows revenue of 567,674 and expenses including salaries of 102,800, rent of 35,900, and advertising of 41,330. Calculating gross profit by subtracting costs of goods sold from revenue results in 381,754. Subtracting total expenses of 267,197 from gross profit gives a net profit before tax of 114,557. After subtracting tax of 23,100, the net profit after taxation is 91,457.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 9

    To be able to understand Financial statements

    Activity on financial statement


    21.4.21

    Ambreen Alam Al Heera school for girls


    To be able to understand Financial statements
    Use this data

    Revenue 567,674 Dhs Advertising on Yahoo 6,430 Dhs Purchase of office furniture
    34,500 Dhs

    Closing inventory 13,400 Dhs Purchase new photocopier Research and development
    25,000 Dhs 34,567 Dhs

    Rent 35,900 Dhs Other expenses 12,400 Dhs Salaries 102,800 Dhs

    Software license 29,000 Dhs Advertising on billboard 34,900 Purchase of new computer
    Dhs 3,420 Dhs

    Profit rate expenses 11,200 Other income 0 Dhs Purchase of new car 10,000 Dhs

    Purchase raw material 56,600 Tax 23,100 Dhs Opening inventory 43,000 Dhs

    Ambreen Alam Al Heera school for girls


    To be able to understand Financial statements
    Model activity
    1. Sales revenue
    Take away
    2. Opening inventory
    3. Purchases
    4. Closing inventory

    You have obtained Gross profit


    Ambreen Alam Al Heera school for girls
    To be able to understand Financial statements
    Gross profit
    Take away
    1. Salaries
    2. Rent
    3. Software license
    4. Research and Development
    5. Profit rate expenses
    6. Advertising
    7. other expenses
    8. Total expenses
    Add
    9. Other income
    You have obtained net profit before Tax
    Ambreen Alam Al Heera school for girls
    To be able to understand Financial statements
    Net Profit
    Take away
    1. Tax

    You have obtained profit

    Ambreen Alam Al Heera school for girls


    To be able to understand Financial statements
    Profit
    Take away
    1. What you will take out from your business for personal
    use?
    2. What you will re invest in your business?

    Retain profit

    Ambreen Alam Al Heera school for girls


    Sales revenue 567,674

    Take away

    Opening inventory 43,000

    Purchases 129,520

    Closing inventory 13,400

    Total 185,920

    Gross profit 381,754


    Gross profit 381,754

    Take away

    Salaries 102,800

    Rent 35,900

    Software 29,000

    profit 11,200

    Other expenses 12,400

    R And D 34,567

    Advertising 41,330

    Total expenses 267,197


    Other income 0
    Net profit 114,557

    Take away

    tax 23,100

    Net profit after taxation 91,457

    Profit taken out for personal use 46,457

    Retain profit 45,000

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