With the person acting as the finance manager, discuss whether this needs to be changed,

identifying at least one change and your reason for this.

Write down the outcome of your meeting in your workbook, and the change(s) you have

recommended with your reason(s) why.

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