2928233
Description
Mind Map by Rita Boyssmith, updated more than 1 year ago
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Created by Rita Boyssmith
over 9 years ago
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Revenue/Profit & Loss Statement
- COGS
- COGS= Opening Stock + Purchases - Closing stock
- value of stock that a business has sold to its customers
- value of stock that a business has sold to its customers
- COGS= Opening Stock + Purchases - Closing stock
- Sales
- Gross Profit
- Gross profit = Sales - COGS
- Gross profit = Sales - COGS
- Expenses
- Bottom line =
Net Profit
- Net profit = Gross profit - Expenses
- Net profit = Gross profit - Expenses
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