Hi Can you kindly assist me draft an income statement that has a turnover of R100 000 per annum You can come up with your own figures Format TURNOVER Sales Credit Cash (Less cost of sales) Opening stock Purchases (Less closing stock) Gross profit or loss Gross profit % of sales OTHER INCOME Interest received Sundry income EXPENSES accounting fees Advertising and marketing Bank charges Cleaning expenses Consulting fees Computer expenses Depreciation Entertainment Fuel General expenses Insurance Directors remuneration Legal fees and transfer duties Medical expenses Motor expenses Other expenses Net profit / loss for the period Please come up with your own figures Turnover should be R100 000
Hi Can you kindly assist me draft an income statement that has a turnover of R100 000 per annum You can come up with your own figures Format TURNOVER Sales Credit Cash (Less cost of sales) Opening stock Purchases (Less closing stock) Gross profit or loss Gross profit % of sales OTHER INCOME Interest received Sundry income EXPENSES accounting fees Advertising and marketing Bank charges Cleaning expenses Consulting fees Computer expenses Depreciation Entertainment Fuel General expenses Insurance Directors remuneration Legal fees and transfer duties Medical expenses Motor expenses Other expenses Net profit / loss for the period Please come up with your own figures Turnover should be R100 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hi
Can you kindly assist me draft an income statement that has a turnover of R100 000 per annum
You can come up with your own figures
Format
TURNOVER
Sales
Credit
Cash
(Less cost of sales)
Opening stock
Purchases
(Less closing stock)
Gross profit or loss
Gross profit % of sales
OTHER INCOME
Interest received
Sundry income
EXPENSES
accounting fees
Advertising and marketing
Bank charges
Cleaning expenses
Consulting fees
Computer expenses
Depreciation
Entertainment
Fuel
General expenses
Insurance
Directors remuneration
Legal fees and transfer duties
Medical expenses
Motor expenses
Other expenses
Net profit / loss for the period
Please come up with your own figures
Turnover should be R100 000
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