BMKG507 Interpret Market Trends and Developments, Report Writing - Accounting Assignment Help

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Assignment Task

    

Profit and Loss 

Financial year ending June 30, 2016 
 

   

Income:

 

Sales

$800,000

Expenses:

 

Electricity and gas

$6,000

Internet

$2,200

Office supplies 

$2,400

Rent 

$440,000

Stationary

$2,600

Wages and salaries

$250,000

Superannuation

$23,750

Travel and accommodation

$5,600

Water 

$5,300

Work cover insurance 

$4,000

Total cost of sales:

$742,450

Gross Profit before tax

$57,550

 

Exception report for 2016

In 2016 there was a variation in expected profit to actual profit by 20%.  This was due to lower than expected student numbers in the first year of operation. In all other years, there were no significant variations in profit and loss.

 

 


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