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Answer:
ost 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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12−140
⇒12−235
⇒12−2×5.916
⇒12−11.832
⇒0.168 Answer
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