1st jan 2006 $20000 opening bank account, from that brought truck $16000. $48 cash in truck $350 inventory in truck. paying salary to himself each mnth $2000. invoices paid to suppliers total$25296. operating expenses (truck) $1828. one unpaid invoice of $254, truck has 5yr depriciation, june 30th bank account is $11110... i have tried and tried im not understanding where to calculate the revenue... PLEASE HELP. i assume that he has earned $7110 to get that amount inhis bank.. though are wages an expense due to taking it out of the business?? do i add the $11110 to his profit/loss..
2007-09-16 11:37:59 · 1 answers · asked by moopaint 1 in Business & Finance ➔ Small Business
I thought revenue was the same as sales /
How much cash the customers paid you .
I don't think the expenses are part of revenue .
Expense is the minus column , revenue is the plus column .
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2007-09-16 11:44:05 · answer #1 · answered by kate 7 · 0⤊ 0⤋