Net Sales = Gross Sales – Sales Return
Net Purchases = Purchases – Purchase Return
Cost of Goods Sold = Opening Stock + Net Purchases + Direct Expenses - Closing Stock
Gross Profit = Net Sales - Cost of Goods Sold
Operating Profit = Gross Profit - Operating Expenses
Operating Cost = Cost of Goods Sold + Operating Expense
Operating Expense = Selling and Distribution + Office Expense + Repairs and Maintenance
Non-operating Expense = Loss by Fire, Theft, Donation, Interest on Loan
Non-operating Income = Dividend, Rent Received, Interest Received, Gain on Sale of Fixed Asset and Investment
Net Profit = Gross Profit - Indirect Expenses + Non-operating Income
English with a size of 873 bytes.