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    IC Hotel Profit and Loss Statement

    Uploaded by

    Rahul Ahuja
    This profit and loss statement for a hotel shows total revenue of $937,188, total expenses of $375,090, net income before taxes of $569,660, income tax expense of $54,289, and net income of $515,371 for the period represented. It provides details of income sources including guest reservations, food purchases, events and other income, as well as expense items such as utilities, maintenance, staff wages, insurance and others.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    IC Hotel Profit and Loss Statement

    Uploaded by

    Rahul Ahuja
    12 views5 pages
    This profit and loss statement for a hotel shows total revenue of $937,188, total expenses of $375,090, net income before taxes of $569,660, income tax expense of $54,289, and net income of $515,371 for the period represented. It provides details of income sources including guest reservations, food purchases, events and other income, as well as expense items such as utilities, maintenance, staff wages, insurance and others.

    Original Description:

    PNL descriptions and sample

    Original Title

    IC-Hotel-Profit-and-Loss-Statement

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    © © All Rights Reserved

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    This profit and loss statement for a hotel shows total revenue of $937,188, total expenses of $375,090, net income before taxes of $569,660, income tax expense of $54,289, and net income of $515,371 for the period represented. It provides details of income sources including guest reservations, food purchases, events and other income, as well as expense items such as utilities, maintenance, staff wages, insurance and others.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    12 views5 pages

    IC Hotel Profit and Loss Statement

    Uploaded by

    Rahul Ahuja
    This profit and loss statement for a hotel shows total revenue of $937,188, total expenses of $375,090, net income before taxes of $569,660, income tax expense of $54,289, and net income of $515,371 for the period represented. It provides details of income sources including guest reservations, food purchases, events and other income, as well as expense items such as utilities, maintenance, staff wages, insurance and others.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    PROFIT & LOSS STATEMENT

    ––––– TIME PERIOD REPRESENTED –––––


    HOTEL NAME START DATE END DATE

    00/00/0000 00/00/0000

    PREPARED BY DATE VERIFIED BY DATE

    00/00/0000 00/00/0000

    Complete non-shaded fields, only.

    INCOME
    REFERENCE ID. DESCRIPTION AMOUNT

    A1111-4267 Guest Reservations $ 650,000

    A1111-4268 Food Purchases $ 95,000

    A1111-4269 Events $ 151,000

    A1111-4270 Other $ 48,750

    INCOME TOTAL $ 944,750

    LESS SALES RETURNS / ALLOWANCES ( enter "-" negative amount ) $ (7,562)

    TOTAL REVENUE $ 937,188

    EXPENSES
    REFERENCE ID. DESCRIPTION AMOUNT

    R4444-5345 Utilities $ 21,500

    R4444-5346 Maintenance $ 17,640

    R4444-5347 Depreciation $ 29,500

    R4444-5348 Staff Wages $ 250,400

    R4444-5349 Insurance $ 16,500

    R4444-5350 Legal Fees $ 7,800

    R4444-5351 Advertising $ 18,500

    R4444-5352 Supplies $ 4,750

    R4444-5353 Other $ 8,500

    EXPENSE TOTAL $ 375,090

    NET INCOME BEFORE TAXES $ 569,660

    TAX RATE ( enter % ) 9.53%


    INCOME TAX EXPENSE $ 54,289

    NET INCOME $ 515,371


    PROFIT & LOSS STATEMENT
    ––––– TIME PERIOD REPRESENTED –––––
    HOTEL NAME START DATE END DATE

    00/00/0000 00/00/0000

    PREPARED BY DATE VERIFIED BY DATE

    00/00/0000 00/00/0000

    Complete non-shaded fields, only.

    INCOME
    REFERENCE ID. DESCRIPTION AMOUNT

    INCOME TOTAL $ -

    LESS SALES RETURNS / ALLOWANCES ( enter "-" negative amount ) $ -

    TOTAL REVENUE $ -

    EXPENSES
    REFERENCE ID. DESCRIPTION AMOUNT

    Utilities

    Maintenance

    Depreciation

    Staff Wages

    Insurance

    Legal Fees

    Advertising

    Supplies

    Other
    EXPENSE TOTAL $ -

    NET INCOME BEFORE TAXES $ -

    TAX RATE ( enter % ) 0.00%

    INCOME TAX EXPENSE $ -

    NET INCOME $ -
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