Net Profit/ loss = Gross Profit + Revenue - Total expenses.Originally posted by jlzk:What is the equation for :
-Net profit
-Gross Profit
-Owner's capital
Thanks in advance. =)
Thanks once againOriginally posted by Darkness_hacker99:Net Profit/ loss = Gross Profit + Revenue - Total expenses.
Gross Profit/ loss = Total Sale - Cost of good sold.
Owner's Capital = Total Assets - Total Liability
Ops.. Check back.. I made a small error.Originally posted by jlzk:Thanks once again
Take note lerhz =)Originally posted by Darkness_hacker99:Ops.. Check back.. I made a small error.
The formula:
GP = Net sales - Cost of goods sold.
*Net sales... Not total sales.
Net sales = Total sales - return inwards/sale return.