Income statement HorizontAl

ABACA Trading Income Statement For the Year Ended December 31 2002 Percent 2001 Sales Less: Sales Return & Allowances Sales Discount Net Sales Less- Cost of Goods Sold Merchandise Inventory, Jan. 1 Purchases Less: Purchase Return & Allowances Purchase Discount Cost of Goods Available for Sale Less: Merchandise Inventory, Dec. 31 Cost of Goods Sold Gross Profit Other-Operating Income Net Income Interest Income Total Income Less-Operating Expenses Selling Expenses Sales Salaries and Commisions Advertising Sales Traveling Expenses Sales Supplies Expenses Sales Depreciation Sales Miscellaneous Expenses Total Selling Expenses General Expenses Office Salaries Office Supplies Expense Office Depreciation Office Utilities Expenses Loss on Doubtful Accounts Total General Expenses Other Operating Expenses Interest Expenses Bank Charges Total Operating Expenses Net Income Tax 30%

Upload
joy-angelique-javier
Category

Documents
view
212
download
0

Embed Size (px):

description

financial statement analysis

Transcript of Income statement HorizontAl

Sheet1ABACA TradingIncome StatementFor the Year Ended December 312002Percent2001PercentSalesLess: Sales Return & Allowances Sales Discount

Net Sales

Less- Cost of Goods Sold Merchandise Inventory, Jan. 1 Purchases Less: Purchase Return & Allowances Purchase DiscountCost of Goods Available for SaleLess: Merchandise Inventory, Dec. 31Cost of Goods SoldGross ProfitOther-Operating Income Net Income Interest Income

Total IncomeLess-Operating Expenses Selling Expenses Sales Salaries and Commisions Advertising Sales Traveling Expenses Sales Supplies Expenses Sales Depreciation Sales Miscellaneous Expenses Total Selling Expenses General Expenses Office Salaries Office Supplies Expense Office Depreciation Office Utilities Expenses Loss on Doubtful Accounts Total General Expenses Other Operating Expenses Interest Expenses Bank Charges

Total Operating ExpensesNet IncomeTax 30%

Sheet2

Sheet3