Patricia Green's Organic Fruit and Vegetable Stall

Preparing Simple Financial Statements

Scene 49 / of 60

Preparing the Income Statement - Other income increases profit

Select any "other income" you can see in the trial balance. If there is no other income click "go to next step" button.


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:   580



« back to previous step