Activity 2A

Do the income and expenditure match the budget(s)?

If there are variations, where are these found?

AUSTRALIAN COLLEGE OF TRADE Page |2 Activity 1b TABK Computers Profit & Loss Statement For the year Ist July 2018 through 30th June 2019 Revenue Sales - Computers s- Parts 5247.727.28 Sales - Labour Rent Received $61,500.00 $500.00 Total Revenue $349.368.38 Cost Of Sales Sales - Computers Cost of Sales - Purchases - Computers $15.000.00 less Closing Stock - Computers tal Cast of Sales - Computers $20,000.00 es - Parts $131.000.00 Opening Stock - Parts $5-090.60 Total Cost of Sales - Parts - Parts 56:000.00 Total Cost Of Sales $19.000.00 $150.000.00 Gross Profit 5199 368 38 Penses Accounting Advertising Costs Bad and Doubtful Debts Bank Charges $252 08 $9,000.00 Interest Paid Insurance - Business $660.00 Workshop Costs $175.0 Motor Vehicle Expenses $27 900.0 3:00 Printing and Stationery 0.00 Repairs to Equipment $800.00 Roundings and Adjustments $2.000.0 Telephone and Internet -50.45 crannuation $7.300.00 Wages & Salaries Holiday Leave Expense $44 900 00 $3,500.0 Long Servic Work Cover $4,000.00 Total Expenses $422.73 $136.146.19 Net Profit/(Loss) $63.222.19 VCID. ACOT Training and Assessment/SITXFIN003/Simulations/V1.2/july 2019