Formulas Flashcards
1
Q
Profit for the year formula
A
Profit + Other income - Expenses
2
Q
Gross profit formula
A
Revenue - Cost of sales
3
Q
Net book value formula
A
Cost - Accumilated depreciation
Profit for the year formula
Profit + Other income - Expenses
Gross profit formula
Revenue - Cost of sales
Net book value formula
Cost - Accumilated depreciation