2 Learning goals 1. Understanding the concept of the profit 2. Getting to know the items of profit3. Learning to set profit account4. Learning how to balance down the current year profit account and calculate business income tax
3 CaseAfter one month’s hard work, A Ming and A Hua have earned some money for their ice-cream.A Hua: We earned a lot of money this month.A Ming: Yes, that’s true. But you know that is a big expense for our material, labors, water and electric.A Hua: Yes, we have worked for a month, now let’s account our bill, we can calculate how much we have earned.A Ming: OK. Don’t make mistake. Let’s start.
11 Listen to the tape and fill in the following blanks A Hua: Be sure to distinguish every kind ofA Ming: we earned need to be calculated correctly. And then based on this, the income tax is paid.A Hua: It seems that we can enjoy the reduced tax as we open the ice-cream shop now.A Ming: Right, because we areA Hua: This should contribute to of the government forA Ming: So, we must do better. The nation supports us to start business and we need to make it better, bigger and stronger.A Hua: When we earn more money, I also want to hire more employees to enlarge our business.A Ming: I hope your dream can come true. But now, we need to be practical.A Hua: You are right.A Ming: Let’s work hard together to ensure our ice-cream shop well managed.profitProfitsa mini-sized companythe beneficial policiespaying taxes
12 Multiple choice 1. How many kinds of revenue are there? A. The income for selling goods B. The income for offering serviceC. The income for transferring assets D. The income for selling fixed assets2. Gross profit includesA. business income B. tax incomeC. non-operating income D. non-operating expenses
13 True or False 1. The income must be the increase in assets. ( ) ( )2. The enterprise should confirm the revenue when handing the ownership evidence or the stuff to the opposite party.