[POA]Help needed Urgent for 'N'

• jlzk

  7 Oct 07, 18:38

  What is the equation for :
  -Net profit
  -Gross Profit
  -Owner's capital
  
  Thanks in advance. =)
• Darkness_hacker99

  7 Oct 07, 18:42

  Originally posted by jlzk:

  What is the equation for :
  -Net profit
  -Gross Profit
  -Owner's capital
  
  Thanks in advance. =)

  Net Profit/ loss = Gross Profit + Revenue - Total expenses.
  
  Gross Profit/ loss = Net Sale* - Cost of good sold.
  
  Owner's Capital = Total Assets - Total Liability
  
  edit:typo
• jlzk

  7 Oct 07, 18:46

  Originally 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

  Thanks once again
• Darkness_hacker99

  7 Oct 07, 18:50

  Originally posted by jlzk:

  Thanks once again

  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.
• jlzk

  7 Oct 07, 18:53

  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.

  Take note lerhz =)