Canteen September
Canteen September
Canteen September
2019 2018
ASSETS
Cash and cash equivalents 370.00
Accounts receivables
Inventory 1,500.00
Property, plant and equipment at cost
Less: Accumulated depreciation
TOTAL ASSETS 1,870.00 -
LIABILITIES
Accounts Payable
Other Payables
TOTAL LIABILITIES - -
EQUITY
School Revolving Capital 1,500.00
Add: Net Income Derived from Operation of 370.00
Canteen
TOTAL EQUITY 1,870.00 -
TOTAL LIABILITIES AND EQUITY 1,870.00 -
-
Audited by:
CELIA E. LOPEZ
Head of Auditing Committee
Calaocan Elementary School
Rizal St. Calaocan, San Jose City
As of September, 2019
GRAND
Canteen TOTAL
Inventory, beginning - Inventory that was left last month
Items bought for sale less purchase returns and
Purchase (net) 7,950.00 7,950.00 discounts if any
Freight - In - Delivery Cost
Total Purchases 7,950.00 7,950.00 Total of Purchase (net) + freight in
Add: Production Cost
Direct Materials Raw materials to be used for sale
Direct Labor - Labor paid to cook
Overhead - Other costs indirectly attributable to the goods
Total Production Cost - - Total of Direct materials to overhead
Total of Inventory, beginning+Total Purchases+Total
Total Goods Available for Sale 7,950.00 7,950.00 Production Cost
Less: Inventory, end Inventory left for the month
COST OF SALES 7,950.00 7,950.00 Total Goods available for sale - Inventory, end
STATEMENT OF OPERATIONS
For the Period Ending September 2019
Cost of Sales
Purchases
Freight in
Inventory
Cost of Sales 7,950.00 -
GROSS PROFIT 4,237.66 -
Add: Other Operating Income
EXPENSES
SELLING COSTS
Salaries and Wages 2,000.00
Office Supplies 1,941.00
Store Supplies
Power, Light and Water
Travel and Transportation 978.00
Repairs and Maintenance 1,090.00
Rental
Taxes and Licenses
Communication Expense
Spoilage and Breakage
Provision for Probable Losses and Accounts
Delivery Expense
Gas, Oil and Lubricants
Depreciation and Amortization
Total Selling Costs 6,009.00 -
ADMINISTRATIVE COSTS
Salaries and Wages
Employees' Benefits
SSS/ECC/Philhealth/Pag ibig Contributions
Officers' Honorarium and Allowances/Snacks 1,137.00
Office Supplies
Total Administrative Costs 1,137.00 -
TOTAL EXPENSES 3,867.00 -
NET INCOME DERIVED FROM OPERATIONS 370.00 -