Bella Beauty Products Profit and Loss Account y/e 31/12/2020 Details
e Gross Profit
Plus Gains Rent receivable
Commission receivable
Less Expenses Stationery Advertising Insurance Rates
Interest on overdraft Wages
Carriage out
Net profit before tax Less Tax at 10%
Net profit after tax Pair work
Compare the financial performance of La Touche Cosmetics and Bella Beauty Products in order to decide: (a) Which firm has higher sales? (b) Which firm is more profitable? (c) Which firm would you prefer to own?