Prepare a Statement of Income and Expenses for XYZ Hotel in accordance with the USHA based on
Question:
Prepare a Statement of Income and Expenses for XYZ Hotel in accordance with the USHA based on the following ledger balances for the year ended April 30, 2005:
Net Sales Payroll and Related Expenses Rooms 23,04,931 Rooms 3,99,639 Food and Beverage 22,23,562 Food and Beverage 8,65,619 Telephone 1,26,771 Telephone 42,731 Rental and Other Income 1,62,488 Rental and other Income 56,496 Cost of Sales Administrative and General 2,23,359 Food and Beverage 7,60,010 Advertisement and Business Promotion 51,944 Telephone 1,46,079 Repairs and Maintenance 1,09,082 Other Expenses:
Rooms 1,66,309 Food and Beverages 2,37,385 Telephone 3686 Rental and Other Income 7186 Administrative and General 1,76,609 Advertising and Sales 1,29,860 Promotion Repairs and Maintenance 1,78,464 Rent, Rates and Taxes 1,16,864 Interest 2,30,152 Depreciation 2,49,158
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