PROFIT AND LOSS

STATEMENT / INCOME
STATEMENT
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 ALFONSE ELRIC AUTO MAIL SHOP
PROFIT AND LOSS STATEMENT
FOR THE YEAR ENDED DECEMBER 2019

REVENUE P 50,000

LESS: EXPENSES

PRODUCTION EXPENSE P 11,000

SUPPLIES EXPENSE P 9,000

SALARIES EXPENSE 8,000

DISTRIBUTION EXPENSE 5,000

UTILITIES EXPENSE 4,000

ADVERTISING EXPENSE 2,000

MISCELLANEOUS EXPENSE 1,000 (P 40,000)

NET INCOME P 10,000