Scribd
Upload
2 views

IRSAAD

The document contains income statements for two fiscal years, detailing revenues and expenses for Brand the Surplus and another unnamed company. For the years 2023-24 and 2024-25, Brand the Surplus shows total revenues of approximately $7.67 million and $8.13 million, with net income of $499,620 and $699,560 respectively. The second company's income statement for 2020 shows net income of $14,427 with total revenues of $171,683.

Uploaded by

Advocate Saket
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
2 views

IRSAAD

The document contains income statements for two fiscal years, detailing revenues and expenses for Brand the Surplus and another unnamed company. For the years 2023-24 and 2024-25, Brand the Surplus shows total revenues of approximately $7.67 million and $8.13 million, with net income of $499,620 and $699,560 respectively. The second company's income statement for 2020 shows net income of $14,427 with total revenues of $171,683.

Uploaded by

Advocate Saket
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 4

(Brand the Surplus) Income Statement

P&L STATEMENT
AASPI1375A
Revenue 2023-24 2024-25
Sales revenue 7,595,430 8,072,160
(Less sales returns and allowances)
Service revenue 70,000 62,000
Interest revenue
Other revenue
Total Revenues 7,665,430 8,134,160
[42]

[42]

Expenses
Advertising 125,000 132,000
Bad debt 55,000 65,000
Commissions 54,500 65,000
Cost of goods sold 5,860,120 6,265,120
Depreciation 60,120
Employee benefits 54,000 65,000
Furniture and equipment 12,500 13,500
Insurance 3,500 3,500
Interest expense 4,200 5,200
Maintenance and repairs 13,500 27,500
Office supplies 22,120 38,610
Payroll taxes
Rent 180,000 190,000
Research and development
Salaries and wages 55,000 65,000
Software 5,000 5,000
Travel 12,600 14,500
Utilities 156,200 210,120
Web hosting and domains 17,460 15,600
Other 474,990 253,950
Total Expenses 7,165,810 7,434,600

Net Income Before Taxes 499,620 699,560


Income tax expense - -

Income from Continuing Operations 499,620 699,560


{42} [42]

Below-the-Line Items
Income from discontinued operations
Effect of accounting changes
Extraordinary items

Net Income 499,620 699,560


[Company Name] Income Statement
For the Years Ending [Dec 31, 2020 and Dec 31, 2019]

Revenue 2020 2019


Gross sales 181,683
(Less sales returns and allowances) (10,000)
Net Sales 171,683 -

Cost of Goods Sold


Beginning inventory
Goods purchased
Goods manufactured: Raw materials 30,028
Goods manufactured: Direct Labor 100,000
Total Goods Available 130,028 -
(Less ending inventory)
Cost of Goods Sold 130,028 -

Gross Profit (Loss) 41,655 -

[42]

Expenses
Advertising
Bad debt
Commissions
Depreciation 16,616
Employee benefits
Furniture and equipment
Insurance
Maintenance and repairs
Office supplies
Payroll taxes
Rent
Research and development
Salaries and wages
Software
Travel
Utilities
Web hosting and domains
Other 16,192
Total Operating Expenses 32,808 -

Operating Income (Loss) 8,847 -


Non-operating revenues, expenses, gains, losses 12,762
(Less interest expense) (6,113)
Income Before Taxes 15,496 -
(Less income tax expense) (1,069)
Income From Continuing Operations 14,427 -
{42} [42]

Below-the-Line Items
Income from discontinued operations
Extraordinary items
Cumulative effect of accounting changes

Net Income 14,427 -


Income Statement Template

By Vertex42.com
https://www.vertex42.com/ExcelTemplates/income-statement.html

© 2008-2020 Vertex42 LLC

This spreadsheet, including all worksheets and associated content is a


copyrighted work under the United States and other copyright laws.

Do not submit copies or modifications of this template to any website or


online template gallery.

Please review the following license agreement to learn how you may or
may not use this template. Thank you.

License Agreement
https://www.vertex42.com/licensing/EULA_privateuse.html

Do not delete this worksheet

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy