⭐Write down the format for
Statement of profit and loss
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Answer:
How to write a profit and loss statement
How to write a profit and loss statementStep 1: Calculate revenue. ...
How to write a profit and loss statementStep 1: Calculate revenue. ... Step 2: Calculate cost of goods sold. ...
How to write a profit and loss statementStep 1: Calculate revenue. ... Step 2: Calculate cost of goods sold. ... Step 3: Subtract cost of goods sold from revenue to determine gross profit. ...
How to write a profit and loss statementStep 1: Calculate revenue. ... Step 2: Calculate cost of goods sold. ... Step 3: Subtract cost of goods sold from revenue to determine gross profit. ... Step 4: Calculate operating expenses. ...
How to write a profit and loss statementStep 1: Calculate revenue. ... Step 2: Calculate cost of goods sold. ... Step 3: Subtract cost of goods sold from revenue to determine gross profit. ... Step 4: Calculate operating expenses. ... Step 5: Subtract operating expenses from gross profit to obtain operating profit.