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Welcome to The TMTC & LAMCON GeMS training program Finance Management. The TMTC & LAMCON training program. LAMCON counts where money matters. What is Profit ?. Income. 4.00. - Expenses. 7.50. = Profit. ?. Machinery 5.00. Raw Materials 2.00. Salaries 0.50.
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Welcome to The TMTC &LAMCON GeMS training program Finance Management
The TMTC & LAMCONtraining program LAMCONcounts where money matters What is Profit ? Income 4.00 - Expenses 7.50 = Profit ? Machinery 5.00 Raw Materials 2.00 Salaries 0.50 Sales 4.00
The TMTC & LAMCONtraining program LAMCONcounts where money matters What is Profit ? Expenditure Spending Asset Expense
The TMTC & LAMCONtraining program Expense Asset LAMCONcounts where money matters What is Profit ? Income 4.00 - Expenses 7.50 = Profit ? Machinery 5.00 Raw Materials 2.00 Salaries 0.50 Sales 4.00
The TMTC & LAMCONtraining program LAMCONcounts where money matters What is Profit ? Sales 4.00 Machinery 5.00 Raw Materials 2.00 Salaries 0.50 Profit & Loss Account Dr Cr Salaries 0.50 Sales4.00 Raw Matl2.00 Balance Sheet Cr Dr Machinery5.00
The TMTC & LAMCONtraining program LAMCONcounts where money matters What is Profit ? Sales 4.00 Machinery 5.00 Raw Materials 2.00 Salaries 0.50 Profit & Loss Account Dr Cr Salaries 0.25 Sales4.00 Raw Matl2.00 Balance Sheet Cr Dr Machinery5.00 Pre Paid Salaries 0.25
The TMTC & LAMCONtraining program Depn 0.50 4.00 4.00 Depn LAMCONcounts where money matters What is Profit ? Sales 4.00 Machinery 5.00 Raw Materials 2.00 Salaries 0.50 Profit & Loss Account Dr Cr Salaries 0.50 Sales4.00 Raw Matl2.00 Profit1.00 Balance Sheet Cr Dr Machinery5.00 (-) 0.50 4.50
The TMTC & LAMCONtraining program 4.00 4.00 LAMCONcounts where money matters What is Profit ? Sales 4.00 Machinery 5.00 Raw Materials 2.00 Salaries 0.50 Profit & Loss Account Dr Cr ExpensesNil Sales4.00 Profit4.00 Balance Sheet Cr Dr Machinery5.00 Raw Matl2.00 Salaries 0.50
The TMTC & LAMCONtraining program 4.00 4.00 LAMCONcounts where money matters What is Profit ? Sales 4.00 Machinery 5.00 Raw Materials 2.00 Salaries 0.50 Profit & Loss Account Dr Cr Salaries 0.50 Sales4.00 Profit3.50 Balance Sheet Cr Dr Machinery5.00 Raw Matl2.00
The TMTC & LAMCONtraining program Profit & Loss Account (Year 1) 13000 13000 Profit & Loss Account (Year 2) 6000 6000 LAMCONcounts where money matters Concept of Profit Trader Buys @ 1000 each x10 Sells @ 1500 each x6 Purchases 10000 Sales 9000 Profit 3000 Cl Inventory4000 Op Inventory4000 Sales 6000 Purchases NIL Profit 2000
The TMTC & LAMCONtraining program Profit & Loss Account 11000 11000 Profit & Loss Account Purchases 10000 Sales 9000 12000 12000 Profit & Loss Account Purchases 10000 Sales 9000 13000 13000 LAMCONcounts where money matters Impact of Inventory on Profit of A Purchases 10000 Sales 9000 Profit 1000 Cl Inventory 2000 of B Profit 2000 Cl Inventory 3000 of C Profit 3000 Cl Inventory 4000
