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Profit & Loss Accounting Worksheet Example

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Text in this example:

Profit & Loss Worksheet Company From to INCOME: $'s $'s Net Sales (Gross sales minus returns & allowances) Cost of Goods Sold: Beginning Inventory Purchases Ending Inventory Net Cost of Goods Sold (Beginning Inv. + purchases - Ending Inv.) Gross Profit (Net sales - Cost of Goods Sold) Gross Margin (Net sales divided by Cost of Goods Sold) EXPENSES: Variable (Selling/Direct) Fixed (Administrative/Overhead) Total Operating Expenses (Total Variable and Fixed Costs) Net Income from Operations (Gross Profit less Total Operating Expenses) Other Income Other Expenses Net profit (Loss) Before Taxes Taxes (Federal, Self Employed, State) NET PROFIT (LOSS)

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