Accounting Profit Formula Explained
Jennifer edwards Accounting profit formula is used to calculate profit that incurred after selling the goods. Profit can be defined as the difference between the cost price and the sale price of…
Profit and Loss Account in Statement Form/Income Statement
Rubab Ali Profit and Loss Account in Statement Form/Income Statement: Trading and profit and loss account/income statement may be prepared either in account form (T form) or in report form (statement form).…
Net Profit Ratio (NP Ratio)
Robert Definition of net profit ratio: Net profit ratio is the ratio of net profit (after taxes) to net sales. It is expressed as percentage. Components of net profit ratio: The two basic…