PROFIT LOSS STATEMENT (INCOME STATEMENT) - a form (free Business e-Coach)

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Business Name: ____________________

Beginning: ____________________ Ending: ____________________

INCOME
1. Sales revenues
2. Cost of goods sold (c - d)
a. Beginning inventory (1/01)
b. Purchases
c. Cost of goods avail. sale (a + b)
d. Less ending inventory (12/31)
3. Gross profit on sales (1 - 2)

EXPENSES
1. Variable (selling) (a through h)
a.
b.
c.
d.
e.
f.
g. Misc. variable (selling) expense
h. Depreciation (product/service assets)

2. Fixed (administrative) (a through h)
a.
b.
c.
d.
e.
f.
g. Misc. fixed (administrative) expense
h. Depreciation (office equipment)

Total operating expenses (1 + 2)

Net income from operations (GP - Exp)
Other income (interest income)
Other expense (interest expense)
Net profit (loss) before taxes
Taxes
a. Central government
b. State
c. Local

NET PROFIT (LOSS) AFTER TAXES

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