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  • 7 Profit and Loss

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    Suraj Bafna
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    Sales Revenue the money received from selling goods. Cost of Sales the variable costs of raw materials and the wages of those employees directly involved in production. Gross PROFIT Sales Revenue less the cost of sales, or profit before fixed costs is deducted. Overheads and Expenses these can be shown in as much detail as the business requires for its own planning and monitoring purposes. Net Profit that is the profit after variable costs and fixed costs have been deducted.

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    Sales Revenue the money received from selling goods. Cost of Sales the variable costs of raw materials and the wages of those employees directly involved in production. Gross PROFIT Sales Revenue less the cost of sales, or profit before fixed costs is deducted. Overheads and Expenses these can be shown in as much detail as the business requires for its own planning and monitoring purposes. Net Profit that is the profit after variable costs and fixed costs have been deducted.

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    9 views2 pages

    7 Profit and Loss

    Uploaded by

    Suraj Bafna
    Sales Revenue the money received from selling goods. Cost of Sales the variable costs of raw materials and the wages of those employees directly involved in production. Gross PROFIT Sales Revenue less the cost of sales, or profit before fixed costs is deducted. Overheads and Expenses these can be shown in as much detail as the business requires for its own planning and monitoring purposes. Net Profit that is the profit after variable costs and fixed costs have been deducted.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Profit and Loss

    A simple profit and loss statement in standard format records: Sales Revenue the money received from selling goods.

    Cost of Sales the variable costs of raw materials and the wages of those employees directly involved in production. Gross profit sales revenue less the cost of sales, or profit before fixed costs is deducted. Overheads and Expenses these can be shown in as much detail as the business requires for its own planning and monitoring purposes. Net Profit that is the profit after variable costs and fixed costs have been deducted.

    Profit and Loss Statement


    Sales Revenue -cost of sales 22,500 4,500

    GROSS PROFIT -Expenses

    18,000 16,780

    NET PROFIT

    1,220

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