Darkness_hacker99 SG Net Profit/ loss = Gross Profit + Revenue - Total expenses. Gross Profit/ loss = Net Sale* - Cost of good sold. Owner's Capital = Total Assets - Total Liability edit:typo
Darkness_hacker99 SG Ops.. Check back.. I made a small error. The formula: GP = Net sales - Cost of goods sold. *Net sales... Not total sales. Net sales = Total sales - return inwards/sale return.