Question

STATEMENT OF PROFIT AND LOSS ACCOUNT FOR THE PERIOD JANUARY TO SEPTEMBER, 2020

    2020 2019
Sales 2,790,108 8,138,370
Less cost of sales   (3,131,233) (5,480,247)
Gross profit (341,125) 2,658,123
Depreciation 448,359 450,377
Administration and general expenses 2,233,102 1,958,420
Operating (loss)/ profit (3,022,586) 249,326
Finance Charges 320,554 270,083
Other income 39,159 25,632
(Loss) / profit before taxation (3,303,981) 4,875
Taxation - 731
Net (loss)/ profit) for the period. (3,303,981) 4,144
Net (loss) / profit margin % (118.4) 0.1


1\ Calculate the change in Income, Expenses, and Profit /Loss in 2020 with respect to 2019
2\Estimate the Income and Expenses for 2021
3\Budgeted Income Statement for 2021

*take your time in solution , and doing the best of you

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Answer 1

Answer:

plost of sales   (3,131,233) (5,480,247)

Gross profit (341,125) 2,658,123

Depreciation 448,359 450,377

Administration and general expenses 2,233,102 1,958,420

Operating (loss)/ profit (3,022,586) 249,326

Finance Charges 320,554 270,083

Other income 39,159 25,632

(Loss) / profit before taxation (3,303,981) 4,875

Taxation - 731

Net (loss)/ profit) for the period. (3,303,981) 4,144

Net (loss) / profit margin % (118.4) 0.1

1\ Calculate the change in Income, Expenses, and Profit /Loss in 2020 with respect to 2019

2\Estimate the Income and Expenses for 2021

3\Budgeted Income Statement for 2021

*take your time in solution , and doing the best of you

pls markbranilest