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