Patricia Green's Organic Fruit and Vegetable Stall

Preparing Simple Financial Statements

Scene 48 / of 60

Preparing the Income Statement - Calculating the Gross Profit

Type in the figure for Gross Profit.


Account DEBIT CREDIT
Bank Account 2050  
Capital Account   2000
Creditor - Retail Displays Account   300
Equipment Account 300  
Furniture Account 200  
Insurance Account 180  
Purchases Account 600  
Rent Account 150  
Sales Account   1180
  3480 3480


Income from Sales:    
   Sales 1180  
   Net Sales:
 		   1180
Cost of Sales:    
   Purchases 600  
   Total Cost of Sales:
 		   600
GROSS PROFIT:  



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