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  • Profit Loss Statement

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    rekikyil357
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    Gross Sales less: Returns and allowances = Net Sales Less: Costs of goods sold - Direct material - Direct labour - Factory overhead = Gross Profit Less: Administrative and selling expenses - Salaries - Telephone - Water - Electricity - Rentals - Others = Operating Profit Less: - Interest expense = Net Profit before tax - estimated Income Tax = Net Profit after tax.

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    Gross Sales less: Returns and allowances = Net Sales Less: Costs of goods sold - Direct material - Direct labour - Factory overhead = Gross Profit Less: Administrative and selling expenses - Salaries - Telephone - Water - Electricity - Rentals - Others = Operating Profit Less: - Interest expense = Net Profit before tax - estimated Income Tax = Net Profit after tax.

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    22 views1 page

    Profit Loss Statement

    Uploaded by

    rekikyil357
    Gross Sales less: Returns and allowances = Net Sales Less: Costs of goods sold - Direct material - Direct labour - Factory overhead = Gross Profit Less: Administrative and selling expenses - Salaries - Telephone - Water - Electricity - Rentals - Others = Operating Profit Less: - Interest expense = Net Profit before tax - estimated Income Tax = Net Profit after tax.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    of 1

    Company

    Profit and Loss Statement


    Period: from............... to....................

    Gross Sales

    Less: Returns and allowances -

    = Net Sales =

    Less: - Costs of goods sold -

    - Direct material -

    - Direct labour -

    - Factory overhead -

    = Gross Profit =

    Less: - Administrative and selling expenses -

    - Salaries -

    - Telephone -

    - Water -

    - Electricity -

    - Rentals -

    - Others -

    = Operating Profit =

    Less: - Interest expense -

    = Net Profit before Tax =

    Less: - estimated Income Tax -

    = Net Profit after Tax =

    Date
    Signature

    Explanation see Brochure no. 6 Accounting

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