::: vuaskari.com ::: MGT402 Complete format of INCOME STATEMENT

Entity Name
INCOME STATEMENT
for the year ended_______
	RS.	RS.

SALES
LESS: SALES RETRUN
LESS: SALES DISCOUNT
NET SALES
LESS: COST OF GOODS SOLD
GROSS PROFIT / GROSS LOSS
LESS: OPERATING EXPENSES:
ADMIN. EXP
DISTRIBUTION EXP.
MARKETING / SELLING EXP.
OPERATING PROFIT / EBIT
LESS: FINANCIAL EXP.
PROFIT BEFORE TAX
LESS: TAX / INCOME TAX
NET PROFIT / LOSS/ PROFIT AFTER TAX.

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