Mind map
Revenue/Profit & Loss Statement
Mind map: revenue profit and loss statement
Map content
Revenue/Profit & Loss Statement
COGS
- COGS= Opening Stock + Purchases - Closing stock
- value of stock that a business has sold to its customers
- COGS= Opening Stock + Purchases - Closing stock
Sales
Gross Profit
- Gross profit = Sales - COGS
Expenses
Bottom line = Net Profit
- Net profit = Gross profit - Expenses