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Accounting Skills: Session Three – Case Study: Happy Haircuts

Task

Calculate Harry’s net profit or loss for the month using accrual and cash accounting.

	Accrual (BWP)	Cash (BWP)
Revenue

Expenses
Rent
Wages
Utilities
Equipment
Supplies
Total Expenses

Net Profit or (Loss)

	Accrual (BWP)	Cash (BWP)
Revenue	4000	3500

Expenses
Rent	1000	1000
Wages	1000	1000
Utilities	500	0
Equipment	1000	0
Supplies	800	800
Total Expenses	4300	2800

Net Profit or (Loss)	(300)	700

Accounting Skills: Session Three – Case Study: Happy Haircuts

Accounting Skills: Session Three – Case Study: Happy Haircuts

Task

Assessment Summary

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1. Question

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