OUR LOGISTICS EVALUATION

GESTION LOGISTICA 2016

JORGE MARTINEZ LORDUY

The Profit and Loss also known as Statement of Income, Statement of Income
and Expenses, or State Performance; is a financial report which demonstrates
the profitability of the company for a certain period, ie, profits and / or losses
that the company obtained or expect to have.
For the more sophisticated development (accounting, making a counter) the 67-8-9 Classes Business Accounting Plan is used:
Class 6: Expenditure
Class 7: Income
Class 8: Closing Accounts
Class 9: Analytical Accounts Operations
Classes are used by accountants because their task in business is "fit" all costs,
if your company is medium or large insurance you already have an accountant,
but if your company is small even do not need to hire one, but if necessary you
know the importance, management and development of this valuable
accounting reports.
A profit and loss measures the activity of a company over a period, usually a
month, quarter or year. This financial report may have different names: profit
and loss statement, statement of income, statement of income and expenses or
even state operations. The profit and loss basically tells income, expenses,
profits and losses. Keep in mind that in almost all cases, earnings and cash flow
are not the same thing.
The basic formula for the profit and loss account is:
Income - expenses = net income.
Income statements typically have the following format:
Income
- Operating expenses (variables)
= Gross Margin (operating) profit
- Fixed costs
= Operating Income
+/- Other income and expenses (non-operating)
= Income before taxes
- Income taxes
= Net income (after taxes)

STATEMENT OF INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2016

STATEMENT OF INCOME SINGLE STEP

Income:
Net sales

$653,000

Interest income

$0

Gain on sale of equipment

$0

Total income

$653,000

Costs and expenses:

Cost of goods sold

$283,000

Selling expenses

$142,000

General and administrative expenses

$170,000

Interest expense

$9,000

Income taxes

$10,000

Total costs and expenses

$614,000

net income

$39,000

Example statement of income multistep

Net sales revenues show total sales for the period of the profit less sales
discounts or returns and allowances and losses. This total should not include
added to invoices for sales tax is required to collect. These increases in
turnover are properly recognized as current liabilities. Returns and bonuses for
sales and sales discounts should be deducted from gross income to arrive at
net sales by sales. When the selling price increases to cover the cost of
transport for delivery to the customer and is charged accordingly, transportation
charges paid by the company should also be subtracted from sales to reach net

sales. Transportation charges that were not transferred to the buyer are
recognized as selling expenses.
You can use the following table as a model to create a profit multistep for their
company and loss.
STATEMENT OF INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2016

STATEMENT OF INCOME multistep

SPENDING

INCOME
$660,000

sales
Sales returns and allowances

$5,000

Discount sales

$2,000

$653,000

Cost of goods sold

Initial inventory

$120,000

Purchases

$230,000

Transport

$10,000

Less ending inventory

$77,000

$283,000
$370,000

Gross profit on sales

Operating expenses
Selling expenses
Wages sales

$29,000

Advertising expenses

$70,000

Other selling expenses

$43,000

General and administrative expenses

Salaries agents

$50,000

$142,000

Office employee salaries

$13,000

Payroll taxes

$22,000

insurance

$44,000

Depreciation

$17,000

Expenses several general

$4,000

$170,000

operating income

$58,000

Other income
Interest income

$0

Gain on sale of equipment

$0

$0

Other expenses
Interest expense

$9,000

Income before taxes

Income taxes
net income

$9,000
$49,000

$10,000

$10,000
$39,000