Page 116 - Business_Studies_F5
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Student's Book Form Five
Financial performance
Task 6.12
1. Use Table 6.20 to project the profit and loss of the business.
FOR ONLINE READING ONLY
Table 6.20: Income statement for the year ending…….
Particulars (TShs) (TShs)
Sales/income XX
Cost of sales:
Opening inventory XX
Add: Purchases XX
Less: Closing inventory (XX)
Cost of goods sold (XX)
Gross profit XX
Less: Other expenses
Rent XX
Electricity XX
Business rates XX
Depreciation expense XX
Irrecoverable receivable expenses XX
Total expenses XX
Net profit/Net loss for the year XX
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