Question

Prepare Income statement from below information Rooms: Revenue: Suits 1000000 Deluxe 400000 Semi Deluxe 150000 Expenses:...

Prepare Income statement from below information
Rooms:
Revenue:
Suits
1000000
Deluxe
400000
Semi Deluxe
150000
Expenses:

Salaries & Wages
40000
Allowances to employees
20000
Crockery & Utensils
60000
Commissions paid to agents
20000
Room maintenance
50000
Laundry and Dry Cleaning
50000
Supplies
70000
Reservation Expenses
35000
Uniform
45000
Room decoration
55000
Bad sheets & Linen
25000
Employee Benefit
75000

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Answer #1

Income Statement :-

Particulars Amount ($) Amount ($)
Revenue :-
Suits 1000000
Deluxe 400000
Semi Deluxe 150000
Total Revenue (A) 1550000 1550000
Expenses :-
Salaries & Wages 40000
Allowances to Employees 20000
Crockery & Utensils 60000
Commission Paid to Agent 20000
Room Maintenanc 50000
Laundry and Dry Cleaning 50000
Supplies 70000
Reservation Expense 35000
Uniform 45000
Room Decoration 55000
Bad Sheets & Linen 25000
Employee Benefit 75000
Total Expenses (B) 545000 545000
Net Income (A-B) 1005000
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