Profit & Loss Statement Assignment 2022

Sweet Dreams
Shop 380 AFB
Canberra Centre
Canberra, ACT 2600
Profit & Loss Statement
July 2015
08-10-2019
2:41:06
Income
Sales
Clothing $34,038.00
Accessories $6,223.00
Total Sales $40,261.00
Total Income $40,261.00
Cost of Sales
Clothing - Purchase $17,036.70
Accessory - Purchase $3,604.79
Total Cost of Sales $20,641.49
Gross Profit $19,619.51
Expenses
General & Administrative Exp
Rates $900.00
Bank Charges $12.00
Depreciation $972.00
Insurance $733.00
Office Supplies $100.91
Discounts Taken $-1,423.87
Freight Paid $120.00
Total General & Administrative Exp $1,414.04
Advertising & Promotion Exp
Advertising $720.00
In-store Promotions $995.45
Total Advertising & Promotion Exp $1,715.45
Operating Expenses
Cleaning $200.00
Telephone $101.82
Utilities $353.55
Maintenance Supplies $650.00
Store Supplies $574.55
Total Operating Expenses $1,879.92
Employment Expenses
Wages & Salaries $8,230.76
Uniforms and Laundry $756.36
Total Employment Expenses $8,987.12
Total Expenses $13,996.53
Operating Profit $5,622.98
Other Income
Other Expenses
Net Profit / (Loss) $5,622.98