Profit And Loss Statement. Please check if this profit and loss statement looks fine please check all tabs. Someone from this website named as Dinesh Diwekar said me that profit is always excluding GST. But my Ceo dont understand that hence in last sheet i have made 2 tables and graphs which will give figures of profit with gst and profit without gst.
Also profit-expense is the Gross profit right. What I do is i subtract
1. Profit (=Selling price- Buying price) - Expense and if the figure is "-" its loss.
Please check report and guide me if I am wrong.
From India, Mumbai
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