The revenues and expenses or Escape Travel Service for the year ended November 30, 2012, are listed
Question:
Fees earned $942.000
Office expense 391,625
Miscellaneous expense 15,875
Wages expense $62,500
Prepare an income statement for the current year ended November 30, 2012.
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Aun Ali
I am an Associate Member of Cost and Management Accountants of Pakistan with vast experience in the field of accounting and finance, including more than 17 years of teaching experience at university level. I have been teaching at both undergraduate and post graduate levels. My area of specialization is cost and management accounting but I have taught various subjects related to accounting and finance.
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Related Book For 
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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