Profit and Loss Abdulla AlHashimi - 19215217 For the month ended

Xero assignment, assignment needs to be done in Xero with a 1000 word written report

Profit and Loss Abdulla AlHashimi - 19215217
Profit and Loss
Abdulla AlHashimi - 19215217
For the month ended 31 May 2019 MAY 2019
Trading Income
Interest Income 3,750.00
Sales 29,841.10
Total Trading Income 33,591.10
Cost of Sales
Cost of Goods Sold 27,618.66
Total Cost of Sales 27,618.66
Gross Profit 5,972.44
Operating Expenses
Advertising 1,000.00
Depreciation 4,052.36
DOubtful debt 190.00
Freight & Courier 200.00
Fuel Expesne 900.00
General Expenses 474.00
Insurance 200.00
Interest Expense 1,750.00
Office Expenses 300.00
Rent 10,000.00
Wages and Salaries 8,000.00
Total Operating Expenses 27,066.36
Net Profit (21,093.92)