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Profit and Loss Account Templates

The document shows the profit and loss statement for an unnamed company. It lists sales of $350,000 and costs of goods sold of $35,000, resulting in a gross profit of $315,000. Total operating expenses were $151,900, including advertising, shipping, cleaning, wages, rent, interest and insurance. Net profit before tax was $163,100 and after a 25% tax was $122,345. Dividends of $100,000 were paid, with retained profit of $22,345.

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102 views2 pages

Profit and Loss Account Templates

The document shows the profit and loss statement for an unnamed company. It lists sales of $350,000 and costs of goods sold of $35,000, resulting in a gross profit of $315,000. Total operating expenses were $151,900, including advertising, shipping, cleaning, wages, rent, interest and insurance. Net profit before tax was $163,100 and after a 25% tax was $122,345. Dividends of $100,000 were paid, with retained profit of $22,345.

Uploaded by

Spam Junk
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Profit and Loss Statement for….

Add up Final Figures


Sales $350,000
Less COGS
Opening Stock $110,000
Plus, Purchases $45,000
Less Closing Stock -$120,000
COGS Total -$35,000
Gross Profit (sales - COGS) $315,000

Less Operating Expenses


Selling Expenses
Advertising $13,000
Shipping $4,000
General Expenses
Cleaning $22,000
Wages $55,000
Phone $1,200
Rent $50,000
Financial Expenses
Interest $2,500
Insurance $4,200
Expenses total: -$151,900
Net Profit before tax $163,100
Tax (25%) % = /100 -$40,775
Net Profit after tax $122,345

Dividends $100,000
Retained Profit $22,345
Profit and Loss Statement for Sathya’s Skatehouse

Add up Final figures


Sales $500,000
Less COGS
Opening Stock $100,000
Plus Purchases $50,000
Less Closing Stock -$20,000
COGS Total $130,000
Gross Profit (Sales – COGS) $370,000

Less Operating Expenses


Selling Expenses
Advertising $10,000
Rent $20,000
Salesperson’s wage $80,000
General Expenses
Telephone $15,000
Rates $3,500
Electricity $2,100
Water $3,500
Lease cost $5,500
Depreciation $4,000
Financial Expenses
Interest $2,500
Insurance $2,000
Expenses total: -$148,100
Net Profit before tax $221,900
Tax (25%) % = /100 $55,475
Net Profit after tax $166,425

Dividends
Retained Profit $166,425

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