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Furniture industry company Income statement 30st Dec 2020 to 2022 Year 2020 2021 2022 revenue Sales Expenses cost of sale 250,000 310,663 | 410,678 400,000 500,000 600,000 60,000 80,000 90,500 20,000 40,000 50,000 10,000 12,000 15,000 Salary rent selling expenses total expenses Profit 490,000 632,000 755,500 240,000 321,337 344,822

Furniture industry company Income statement 30st Dec 2020 to 2022 Year 2020 2021 2022 revenue Sales Expenses cost of sale 250,000 310,663 | 410,678 400,000 500,000 600,000 60,000 80,000 90,500 20,000 40,000 50,000 10,000 12,000 15,000 Salary rent selling expenses total expenses Profit 490,000 632,000 755,500 240,000 321,337 344,822

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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discuss the profitability in the attached statements.

particulars January February March April 3184000| 3,815,000 4,457,000 May June 1,000,000| 1700000 5,167,000 opening balance Expected cash receipts 250,000 350,000 335,000 345,000 345,000 325,000 sales collection form debtors 250,000 350,000 335,000 345,000 345,000 30,000 commission received sales of fixed assets 6000 1,250,000 3200000 3,869,000 4,495,000 5,177,000 5,843,000 total receipts expected cash раyments Machines 40,000 interest payments 20,000 Rent 5000 6000 5000 3000 5000 Marketing expenses 3000 4000 6000 2000 3000 7000 3000 4000 3000 5000 Salaries 1000 1000 3000 2000 6000 Expenses total payments 16000 54,000 38,000 10000 19000 closing balance 1,250,000 3184000 3,815,000 4,457,000 5,167,000 | 5,824,000
Transcribed Image Text:particulars January February March April 3184000| 3,815,000 4,457,000 May June 1,000,000| 1700000 5,167,000 opening balance Expected cash receipts 250,000 350,000 335,000 345,000 345,000 325,000 sales collection form debtors 250,000 350,000 335,000 345,000 345,000 30,000 commission received sales of fixed assets 6000 1,250,000 3200000 3,869,000 4,495,000 5,177,000 5,843,000 total receipts expected cash раyments Machines 40,000 interest payments 20,000 Rent 5000 6000 5000 3000 5000 Marketing expenses 3000 4000 6000 2000 3000 7000 3000 4000 3000 5000 Salaries 1000 1000 3000 2000 6000 Expenses total payments 16000 54,000 38,000 10000 19000 closing balance 1,250,000 3184000 3,815,000 4,457,000 5,167,000 | 5,824,000
Furniture industry company Income statement 30st Dec 2020 to 2022 Year 2020 2021 2022 revenue Sales 250,000 310,663 410,678 Expenses 400,000 500,000 600,000 60,000 80,000 90,500 cost of sale Salary 20,000 40,000 50,000 10,000 12,000 15,000 rent selling expenses 490,000 632,000 755,500 240,000 321,337 344,822 total expenses Profit
Transcribed Image Text:Furniture industry company Income statement 30st Dec 2020 to 2022 Year 2020 2021 2022 revenue Sales 250,000 310,663 410,678 Expenses 400,000 500,000 600,000 60,000 80,000 90,500 cost of sale Salary 20,000 40,000 50,000 10,000 12,000 15,000 rent selling expenses 490,000 632,000 755,500 240,000 321,337 344,822 total expenses Profit
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