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Income Statement by waqascolt

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									                          ABC & Co
                      Income Statement
               For the year ended 31 Dec,1991
Expenses:
                                          1,500
Miscellaneous expense
                                 8,500
Salary expense                   1,500    10,000
Add: Unpaid Salary                        1,800
Registration expenses
Advertisement expenses           6,000
                                 500      5,500
Less: Prepaid Advertisement
Supply expenses                           200
General expenses                          12,000
Depreciation on equipment                 1,000
                                          200
Depreciation on Furniture
Expired Rent                              4,000
Interest on loan                          1,000    37,200
Less Other Income:
Interest
                                          2,000
Add: Accrued interest                     100
Dental Income                             21,000
Less: Advance Dental Income               2,000
                                                   21,100
Net Loss                                           16,100

								
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