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Expenses: Radiusite Income Statement For The Twelve Months Ending December 31, 2012

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Dianna Redzuan

The income statement for Radiusite for the twelve months ending December 31, 2012 shows total sales of RM3,907,101 and gross profit of RM1,318,641. Total expenses were RM1,111,698, resulting in net income of RM206,943. Ten adjustments were made to correct expenses for petrol, tolls & parking, traveling & accommodation, shipping, refunds & balances, water & electricity, wages & salary, photography, photoshoot & model, charity, and makeup expenses based on supporting documentation and discussions with management.

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Expenses: Radiusite Income Statement For The Twelve Months Ending December 31, 2012

Uploaded by

Dianna Redzuan
118 views3 pages
The income statement for Radiusite for the twelve months ending December 31, 2012 shows total sales of RM3,907,101 and gross profit of RM1,318,641. Total expenses were RM1,111,698, resulting in net income of RM206,943. Ten adjustments were made to correct expenses for petrol, tolls & parking, traveling & accommodation, shipping, refunds & balances, water & electricity, wages & salary, photography, photoshoot & model, charity, and makeup expenses based on supporting documentation and discussions with management.

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income statement, p&l

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income statement

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The income statement for Radiusite for the twelve months ending December 31, 2012 shows total sales of RM3,907,101 and gross profit of RM1,318,641. Total expenses were RM1,111,698, resulting in net income of RM206,943. Ten adjustments were made to correct expenses for petrol, tolls & parking, traveling & accommodation, shipping, refunds & balances, water & electricity, wages & salary, photography, photoshoot & model, charity, and makeup expenses based on supporting documentation and discussions with management.

Copyright:

Attribution Non-Commercial (BY-NC)
Download as XLSX, PDF, TXT or read online from Scribd
Download as xlsx, pdf, or txt
118 views3 pages

Expenses: Radiusite Income Statement For The Twelve Months Ending December 31, 2012

Uploaded by

Dianna Redzuan
The income statement for Radiusite for the twelve months ending December 31, 2012 shows total sales of RM3,907,101 and gross profit of RM1,318,641. Total expenses were RM1,111,698, resulting in net income of RM206,943. Ten adjustments were made to correct expenses for petrol, tolls & parking, traveling & accommodation, shipping, refunds & balances, water & electricity, wages & salary, photography, photoshoot & model, charity, and makeup expenses based on supporting documentation and discussions with management.

Copyright:

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RADIUSITE

Income Statement
For the Twelve Months Ending December 31, 2012

Sales

3,907,101.00

Purchase

2,588,460.00

Gross profit

1,318,641.00

Expenses
Bank charges
Petrol, toll & parking
Internet broadband
Traveling & accomodation
Accounting fees
Shipping expense
Refund/balance
Shop rental
Stamp duty
Service charge
Shop expense
Water & electricity
Kwsp
Wages & salary
Photography expense
Photoshoot/model expense
Makeup
Prmotion & advertisement
Charity
Insurance
Repair & maintenance
Staff refreshment
Depreciation
Zakat
Sponsorship
Total expenses
Net income

8/27/2013 at 6:31 AM

639.00
8,330.00
6,653.00
41,652.00
3,000.00
69,346.00
4,560.00
50,600.00
68.00
25.00
189,481.00
16,808.00
53,820.00
307,487.00
56,000.00
26,650.00
9,600.00
100,492.00
17,300.00
14,040.00
3,870.00
8,016.00
105,767.00
15,000.00
2,494.00
1,111,698.00
206,943.00

Page: 1

Adjustment

RM

1 Dr. Petrol, toll & parking


Cr. Cash in hand

RM

6,300.00
6,300.00

(Proton Pesona RM70 x 5 = RM350 x 6 = RM2100)


(Kia Sportage RM140 x 5 = RM700 x 6 = RM4200)

2 Dr. Accrued Traveling & Accodomation


Cr. Bank

12,590.00
12,590.00

(As per check issued)

3 Dr. Shipping Expense (fedex)


Cr. Cash in hand

6,000.00
6,000.00

(RM500 x 12 months)

4 Dr. Refund & balance

4,281.00
Cr. Cash in hand

4,281.00

(As per summary made by staff, Anggreini)

5 Dr. Water & Electricity

6,800.00
Cr. Cash in hand

6,800.00

(As per discussion with Atika (director) and staff (Angreini) )

6 Dr. Wages & Salary

25,800.00
Cr. Cash in hand

25,800.00

(Jamilah RM1500 x 12 & Taib RM650 x 12 )

7 Dr. Photography Expense


Cr. Cash in hand
(RM3500 x 12 )

42,000.00
42,000.00

8 Dr. Photoshoot & model Expense


Cr. Cash in hand

24,000.00
24,000.00

( RM2000 x 12 = RM24000 for Linda)

9 Dr. Charity

16,000.00
Cr. Cash in hand

16,000.00

( As per discussion with Atika (director) and Staff (Angreini) )


10 Dr. Makeup
Cr. Cash in hand
( RM200 x 4 = RM800 x 12 = RM9600 )

9,600.00
9,600.00

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