Transcription of Profit and Loss Template - Beginner …
1 IncomeDescriptionAmount (example - Sales, Service Income, Inventory Income)AmountTotal IncomeCost of Goods SoldDescriptionAmount (example - Materials, Sub-Contractors, Inventory, Freight)AmountTotal Cost of SalesAmountGross Profit (Total Income less Cost of Sales)ExpensesDescriptionAmount (example - Advertising, Stationery, Postage, Fuel) AmountTotal ExpensesAmountNet Profit (Gross Profit less Expenses) Copyright : and loss Statement