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VINU

This document outlines a company's sales revenue, costs, expenses, and profits. It shows the calculation of total sales revenue after discounts and returns. It then calculates gross profit by subtracting total cost of goods sold from sales revenue. Operating and non-operating expenses are also listed, leading to the final calculation of net profit after tax.

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Hitkar Kalawatia
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© Attribution Non-Commercial (BY-NC)
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Download as DOCX, PDF, TXT or read online on Scribd
50 views1 page

VINU

This document outlines a company's sales revenue, costs, expenses, and profits. It shows the calculation of total sales revenue after discounts and returns. It then calculates gross profit by subtracting total cost of goods sold from sales revenue. Operating and non-operating expenses are also listed, leading to the final calculation of net profit after tax.

Uploaded by

Hitkar Kalawatia
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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SALES REVENUE

DISCOUNTS XX
RETURNS XX
TOTAL SALES REVENUE A XXX

Cost of goods sold


Opening XX
+ purchases XX
+ inventory XX
- closing stock (XX)
Total cost of goods sold B XX

GROSS PFT = A – B C XX

ADD – operating income D XX


Less – operating expenses
a. Office XX
b. Selling XX
c. finance XX
TOTAL OPERATING EXPENSE = a+b+c E XX

NET OPERATING PROFIT = C +D – E F XX

Add – non op income G XX


Less – non op expenses H XX

NET PROFIT BEFORE TAX = F + G - H XX

LESS - TAXES (XX)

NET PROFIT AFTER TAX XX

Dividend paid Xx
Transfer to reserve Xx
RETAINED PROFIT XX

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