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Net Sale: Gross Profit / Loss

This document shows a company's income statement which calculates gross profit by subtracting cost of goods sold and sales returns from net sales. It then calculates net profit/loss by subtracting operating expenses from gross profit and adding other income items like interest received. Operating expenses include various indirect expenses like advertising, salaries, rent, taxes, and others. The net profit/loss at the bottom is the difference between total revenue and all expenses.

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150 views1 page

Net Sale: Gross Profit / Loss

This document shows a company's income statement which calculates gross profit by subtracting cost of goods sold and sales returns from net sales. It then calculates net profit/loss by subtracting operating expenses from gross profit and adding other income items like interest received. Operating expenses include various indirect expenses like advertising, salaries, rent, taxes, and others. The net profit/loss at the bottom is the difference between total revenue and all expenses.

Uploaded by

abo776
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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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

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