Calculate the net turnover Calculate the consumption of goods for sale Prepare the income statement ACCOUNT Advertisement

Calculate the net turnover

Calculate the consumption of goods for sale 

Prepare the income statement

 

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ACCOUNT Advertisement expenses Change in inventory of goods for sale (increase) Discount for volume of sale Insurance expense Intangible assets depreciation expense Grants, donations and legacies transferred to income for the year 112,000 Income tax Interest from long term loans to other companies Interest of debt from financial institutions Losses for uncollectible accounts Losses from disposal of tangible fixed assets Losses from impairment of inventory of goods for sale Losses from impairment of trade accounts receivable Purchase of goods for sale Purchase returns of goods for sale AMOUNT Rent revenue Repairs and conservation Revenue form holdings in equity instruments, other companies Reversion of impairment of trade accounts receivable Sale of goods for sale Social security in charge of the company Tangible assets depreciation expense Wages and salaries Work performed for own assets 25,500 1,700 250,000 13,500 44,500 110,800 125,000 1,120,000 21,200 22,640 5,800 23,600 10,854,000 130,000 54,800 69,600 51,200 92,000 36,109,440 198,000 630,000 3,840,000 45,000 ACCOUNT Advertisement expenses Change in inventory of goods for sale (increase) Discount for volume of sale Insurance expense Intangible assets depreciation expense Grants, donations and legacies transferred to income for the year 112,000 Income tax Interest from long term loans to other companies Interest of debt from financial institutions Losses for uncollectible accounts Losses from disposal of tangible fixed assets Losses from impairment of inventory of goods for sale Losses from impairment of trade accounts receivable Purchase of goods for sale Purchase returns of goods for sale AMOUNT Rent revenue Repairs and conservation Revenue form holdings in equity instruments, other companies Reversion of impairment of trade accounts receivable Sale of goods for sale Social security in charge of the company Tangible assets depreciation expense Wages and salaries Work performed for own assets 25,500 1,700 250,000 13,500 44,500 110,800 125,000 1,120,000 21,200 22,640 5,800 23,600 10,854,000 130,000 54,800 69,600 51,200 92,000 36,109,440 198,000 630,000 3,840,000 45,000

Answer rating: 100% (QA)

To calculate the net turnover you need to subtract the purchase returns of goods for sale from the sales revenue Net Turnover Sales Revenue Purchase R... View the full answer