Net Sale

Sales xx
Less: Sales Return (Return Inward) (xx) xxx
Less: CGS
Opening Stock xx
Add: Net Purchases
Purchases xx
+ Wages xx
+ Transportation in/ Carriage Inward/ Freight Inward xx
- Purchase Return/Return Outward (xx)
Less: Closing Stock (xx) (xxx)
GROSS PROFIT / LOSS XXXX
Less: Operating Expenses (Indirect Expenses)

Advertising / Publicity Expense (xx)

Commission on Sale (xx)
Freight Outward/Carriage Outward/Delivery Expense (xx)
Salaries Expense / Paid (xx)
Insurance Expense / Paid (xx)
Interest Expense / Paid (xx)
Bad Debt Expense (xx)
Provision/Reserve for Bad Debts (xx)
Discount Allowed (xx)
Depreciation Expense (xx)
Packing Expense (xx)
Repair & Maintenance Expense (xx)
Fuel & Power Expense (xx)
Rent Expense (xx)
Rates Expense (xx)
Tax Expense (xx)
Utility Bills Expense (xx)
Printing & Stationary Expense (xx)
Bank Charges Expense (xx)
Travelling Expense (xx)
Audit Fees / Expense (xx)
TOTAL OPERATING EXPENSE (xxxx)
Add: Other Income (Indirect Income)
Interest Received / Income / Earned xx
Commission Received / Income / Earned xx
Dividend Received / Income / Earned xx
Discount Received / Income / Earned xx
Bad Debts Recovered xx
TOTAL OTHER INCOME xxxx
NET PROFIT / LOSS XXXX