The income statement is one of the most common and important financial statements. The income statement, also known as the income statement (P&L), summarizes all income and expenses over a period of time, including the cumulative impact of income, profits, expenses, and loss transactions.
S stands for Selling Expenses and includes the costs of advertising, selling, and delivering goods and services. Selling expenses include sales materials, travel expenses to customers and prospects, advertising expenses, salesperson salaries and commissions, and so on.
Operating expenses — also known as selling, general, and administrative (SG&A) expenses — are the costs of running a business. These include rent and utilities, marketing costs, computer equipment, and employee benefits.
Income Statement June 201x
6.7% 82-51.
SALES
Food
Beer
Vine Total Sales
June
YTD
$55,200 4450
$3,31,200
27,500
3550
5.3%
20 500
3,700
5.5% $64,9.00 100%
23,250
$402,450
822 6.870
5-091
5.8% 100%
COST OF SALE & Food
$17,150
31-11
$101,7.50
25.3%
Liquor
6,400
1.5%
Beer
875 24-6% 31.11
4,850
1.22
Wine
1,150
8,750 2.172
Tot allost of Sales
$29315.
30-42.
$121,750
30.3%
1,140
25.6%
LABOR
Management
Staff Employee Benefits
Total Labour PRIME COST
$4750
7.1%
$28,500
7.1%
13525 20-2% 6.31.
79,500
19.8%
4225
23,750 5.9%
$22.500
33.61
$1,31,750
33-7%
$42,815
64.0%
$353,500
6-37
1150
1.8
OTHER CONTROLLABLE
EXPENSES
Direct operating Expenses Music & Entertainment
$3450
5.2%
$23450
5.6%
275
0.4%
1.07%
Marketing Utilities
1.71
1850
3.1% 4.5%
General & Admin Expenses Repair & Maintenance
2950 950
Total other Controllalele
10, 625
15.91. 1.4%
$66,000 16.47. 3850
Expenses
Controllable Income
$23460
20-11
$82950
20.67.
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