Question

Prepare Income statement from below information
Rooms:
Revenue:
Suits
1000000
Deluxe
400000
Semi Deluxe
150000
Expenses:

Salaries & Wages
40000
Allowances to employees
20000
Crockery & Utensils
60000
Commissions paid to agents
20000
Room maintenance
50000
Laundry and Dry Cleaning
50000
Supplies
70000
Reservation Expenses
35000
Uniform
45000
Room decoration
55000
Bad sheets & Linen
25000
Employee Benefit
75000

Answer 1

Income Statement :-

Particulars	Amount ($)	Amount ($)
Revenue :-
Suits	1000000
Deluxe	400000
Semi Deluxe	150000
Total Revenue (A)	1550000	1550000
Expenses :-
Salaries & Wages	40000
Allowances to Employees	20000
Crockery & Utensils	60000
Commission Paid to Agent	20000
Room Maintenanc	50000
Laundry and Dry Cleaning	50000
Supplies	70000
Reservation Expense	35000
Uniform	45000
Room Decoration	55000
Bad Sheets & Linen	25000
Employee Benefit	75000
Total Expenses (B)	545000	545000
Net Income (A-B)		1005000