Revenue/Profit & Loss Statement

Rita Boyssmith
Mind Map by Rita Boyssmith, updated more than 1 year ago
Rita Boyssmith
Created by Rita Boyssmith over 6 years ago
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Profit & Loss Mind Map

Resource summary

Revenue/Profit & Loss Statement
  1. COGS
    1. COGS= Opening Stock + Purchases - Closing stock
      1. value of stock that a business has sold to its customers
    2. Sales
      1. Gross Profit
        1. Gross profit = Sales - COGS
        2. Expenses
          1. Bottom line = Net Profit
            1. Net profit = Gross profit - Expenses
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