Accounting for IGCSE & O level - Final Statements (Section 14 - No. 34)
What will happen if the business had $10,000 in sales revenue, a cost of goods sold of $4,000 and operating expenses of $3,000? (Ignoring income tax).
The business will have a net loss.
The business will make a profit.
The business will have no impact.
This will affect balance sheet.
Wyjaśnienie
The profit is $10,000 - $4,000 - $3,000 = $3,000. This will result in a profit.