Fwd: complete format of INCOME STATEMENT

[Muhammad Sarim]

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 / PROFIT AFTER TAX.