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Trading & Profit and Loss

This trading and profit and loss account shows the company's sales, cost of goods sold, gross profit, and expenses for the year. Sales were $12,000 while cost of goods sold was $6,000, resulting in a gross profit of $6,000. Total expenses for the year were $2,300, leaving a net profit of $3,700.

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Jennifer Edwards
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66 views1 page

Trading & Profit and Loss

This trading and profit and loss account shows the company's sales, cost of goods sold, gross profit, and expenses for the year. Sales were $12,000 while cost of goods sold was $6,000, resulting in a gross profit of $6,000. Total expenses for the year were $2,300, leaving a net profit of $3,700.

Uploaded by

Jennifer Edwards
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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(Insert name of company or sole trader)

Trading and Profit and Loss Account


For the year ended ..................................................
$
Sales
Less: Cost of goods sold
Opening Stock
Add: Purchases

Less: Closing Stock

5,000.00
2,000.00
-----------7,000.00
1,000.00
------------6,000.00
-----------6,000.00

Gross Profit
Less: Expenses
Wages
Utilities
Vehicle Expenses

Net Profit

$
12,000.00

900.00
600.00
800.00
------------2,300.00
----------3,700.00
=======

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