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    Fortune House - Profit - and - Loss 2024

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    Telle Sirch

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    © All Rights Reserved
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    Fortune House - Profit - and - Loss 2024

    Uploaded by

    Telle Sirch
    3 views4 pages

    Original Title

    Fortune House_-_Profit_and_Loss 2024

    Copyright

    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
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    3 views4 pages

    Fortune House - Profit - and - Loss 2024

    Uploaded by

    Telle Sirch

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 4

    Profit and Loss

    Fortune House Variety Store


    For the quarter ending 30 September 2024

    Account Jul-Sept 2024 Apr-Jun 2024 Jan-Mar 2024 YTD 2024

    Revenue
    Sales Revenue - Baking supplies 290,575.00 393,825.00 295,000.00 979,400.00
    Sales Revenue - Party needs and packaging 124,049.65 140,169.10 105,788.00 370,006.75
    Sales Revenue - Other 2,500.00 0.00 1,000.00 3,500.00
    Total Revenue 417,124.65 533,994.10 401,788.00 1,352,906.75

    Cost of Sales
    Cost of Goods Sold 96,566.51 116,015.60 99,409.70 311,991.81
    Total Cost of Sales 96,566.51 116,015.60 99,409.70 311,991.81

    Gross Profit 320,558.14 417,978.50 302,378.30 1,040,914.94

    Operating Expenses
    Marketing 0.00 0.00 0.00 0.00
    Consulting & Accounting 500.00 500.00 500.00 1,500.00
    Depreciation 16,483.00 16,483.00 16,483.00 49,449.00
    Freight & Courier 2,000.00 0.00 2,000.00 4,000.00
    Utilities Expense 1,681.00 1,755.00 1,433.00 4,869.00
    Repair Expenses 480.00 1,475.00 890.00 2,845.00
    Office Expenses 345.00 1,050.00 855.00 2,250.00
    Subscriptions 0.00 0.00 0.00 0.00
    Telephone & Internet 999.00 999.00 999.00 2,997.00
    Transportation 1,300.00 1,000.00 850.00 3,150.00
    Fuel Expenses 1,000.00 600.00 800.00 2,400.00
    Wages and Salaries 20,000.00 20,000.00 20,000.00 60,000.00
    Total Operating Expenses 44,788.00 43,862.00 44,810.00 133,460.00

    Net Profit 275,770.14 374,116.50 257,568.30 907,454.94


    Balance Sheet
    Fortune House Variety Store
    As at 30 September 2024

    Account 30 Sept 2024 30 June 2024 31 Mar 2024

    Assets Beginning inventory


    Current Assets As of Mar
    Cash on Hand 20,000.00 20,000.00 20,000.00
    Cash in Bank 45,000.00 48,000.00 50,000.00 Beg June
    Inventory 722,820.14 819,683.50 721,651.30 Purchases
    Other Assets 0.00 0.00 0.00 As of Jun
    Total Current Assets 722,820.14 819,683.50 721,651.30
    Fixed Assets Beg Sep
    Lot 675,000.00 675,000.00 675,000.00 Purchases
    House 500,000.00 500,000.00 500,000.00 As of Jun
    Less Accumulated Depreciation on House (150,000.00) (141,667.00) (133,333.00) #VALUE!
    Improvements and Expansion 130,000.00 130,000.00 130,000.00
    Less Accumulated Depreciation on House (22,750.00) (19,500.00) (16,250.00)
    Motor Vehicle 98,000.00 98,000.00 98,000.00
    Less Accumulated Depreciation on House (34,300.00) (29,400.00) (24,500.00)
    Total Fixed Assets 1,195,950.00 1,212,433.00 1,228,917.00
    Total Assets 1,918,770.14 2,032,116.50 1,950,568.30 130000
    13000
    Liabilities
    Current Liabilities
    Accounts Payable 10,000.00 5,000.00 20,000.00
    Total Current Liabilities 10,000.00 5,000.00 20,000.00
    Non-Current Liabilities
    Loan in bank 210,000.00 230,000.00 250,000.00 98000
    Total Non-Current Liabilities 210,000.00 230,000.00 250,000.00 19600

    Total Liabilities 220,000.00 235,000.00 270,000.00

    Net Assets 1,698,770.14 1,797,116.50 1,680,568.30

    Equity
    Owner's Capital 1,423,000.00 1,423,000.00 1,423,000.00
    Accumulated Profits/Loss 275,770.14 374,116.50 257,568.30

    Total Equity 1,698,770.14 1,797,116.50 1,680,568.30


    Beginning inventory 821,061.00
    721,651.30 605,635.70

    721,651.30
    Purchases 214,047.8 195220 18,827.8
    819,683.50 723,116.99

    819,683.50
    Purchases 0.0
    723,116.99
    #VALUE! #VALUE!
    #VALUE!
    #VALUE!

    10 12
    1083.333 13000
    16250
    19500
    22750

    5 12
    1633.333 19600
    24500
    29400
    34300
    #VALUE!
    #VALUE!
    190 50 9500
    25 50 1250
    60 50 3000
    110 50 5500
    60 50 3000
    100 50 5000
    200 50 10000
    100 0

    37250
    300
    -100
    37450

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