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ScanSolve AI Answer
Here is the Statement of Profit and Loss for Tichtech Limited for the year ended 31 December 2023: Tichtech Limited Statement of Profit and Loss For the year ended 31 December 2023 lrr Revenue & & BWP \\ Sales & 184,200 & \\ Less: Returns inwards & (1,688) & \\ Net Sales & & 182,512 \\ \\ Cost of Sales & & \\ Opening Inventory (1 January 2023) & 36,160 & \\ Purchases & 85,264 & \\ Less: Returns outwards & (992) & \\ Add: Carriage inwards & 608 & \\ Cost of Goods Available for Sale & 121,040 & \\ Less: Closing Inventory (31 December 2023) & (39,296) & \\ Cost of Sales & & (81,744) \\ Gross Profit & & 100,768 \\ \\ Operating Expenses & & \\ Carriage outwards & 2,280 & \\ Motor Repairs expenses & 7,272 & \\ Rentals & 6,560 & \\ Insurance & 11,208 & \\ Salaries & 28,788 & \\ Total Operating Expenses & & (56,108) \\ Profit for the year & & 44,660 \\ The profit for the year is BWP44,660. That's 2 down. 3 left today — send the next one.