PROFIT OR LOSS:

INCOME
STATEMENT
Profit
Is what remains
of the selling
price (sales) after
all costs and
expenses had been
deducted.
Loss
Occurs when the cost
and expenses exceed
the selling price or
sales
INCOME STATEMENT
Is the financial
statement that shows the
results of operation, that
is, if it earns a profit
or incurs a loss for a
given period of time.
Sales
refer to the total sales

Cost of Sales
purchased price and other
expenses incurred in buying
the products that the
business has to sell
Gross Profit
is at times referred
to as gross margin.

Operating Expense
expenses incurred to
run the business like
rent, supplies,
utilities, etc.
 Block A Merchandising
Income Statement
For the Year Ended June 30, 2019

Sales 117 000

Less: Cost of Sales 75 000
Gross Profit 42 000
Less: Operating Expense
Communication Expense 1 000
Delivery Expenses 5 000
Rent Expense 5 500
Salary Expense 8 300
Advertising Expense 10 000
Office Supplies Expense 700
Store Supplies Expense 1 500
Furniture and Equipment 1 000 33 000
Operating Profit 9 000
Add: Other Income
Interest Income 800
Commission Income 1 500 2 300
Less: Other Expense
Interest Expense 1200 1 200
NET PROFIT 10 100
 Block A Merchandising
Income Statement
For the Year Ended June 30, 2019

Sales 117 000

Less: Cost of Sales 75 000
Gross Profit 42 000
Less: Operating Expense
Communication Expense 1 000
Delivery Expenses 5 000
Rent Expense 5 500
Salary Expense 8 300
Advertising Expense 10 000
Office Supplies Expense 700
Store Supplies Expense 1 500
Furniture and Equipment 1 000 33 000
Operating Profit 9 000
Add: Other Income
Interest Income 800
Commission Income 1 500 2 300
Less: Other Expense
Interest Expense 1200 1 200
NET PROFIT 10 100
PROJECTED SALES
PRODUCTS/ NO. OF NO. OF PRICE AMOUNT
SERVICES CUSTOMERS DAYS OF (PhP)
OPERATION

MILKTEAS, 20 6 6 300 37,800

BURGERS

FRIES, 15 6 5 250 31, 500

MILKTEAS,
BEVERAGES

FRAPPE, 10 6 7, 100 42, 600

CUPCAKES

SHAKES, 18 6 8, 200 49, 200

RICE BOWLS

TOTAL 161, 100