Taxes are 200,000

Profit & Loss Account VEL You should be able to complete a summary profit and loss account 2100,000 3,200,000 2500,000 50,000 L150,000 1490,000 Bank charges Cost of raw materials Electricity bill for factory Electricity bill for office Hire of lorries and drivers to deliver goods to customers Profit on sale of land held as investment Rent of factory (including advance payment of 150,000 for next year) Rent of office Salaries of office staff Sales 300,000 units at 20 each Tax Wages of production workers SAL EXERCISE ! 2. Listed opposite is information on the income and expenditure of a business for a year. Calculate the profit after tax using the proforma profit and loss account shown on page 13. If you have studied the factfile on ratios, you may also wish to calculate the gross margin percentage. 750,000 50,000 200,000 6,000,000 1.200,000 800,000