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Q.

How to calculate Earnings & Profits ?

Asked by ankit shivam, 24 Jan '12 10:16 am
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1.

Calculating Earnings
1. Determine your net sale by adding all of your sales income for the period. If you are using accounting software, the program will most likely perform this computation for you. If you are using a spreadsheet to track your income, create a formula to add all of your daily, weekly, or monthly sales totals. Use all collected sales receipts from the period to confirm your net sales figure.
2. Determine your cost of goods sold (COGS). Cost of goods sold consists of only the direct costs of your goods or services. For resellers, this is the cost paid for the merchandise. For manufacturers it includes the cost of all materials used in construction. Service providers' COGS is a bit more tricky to determine; it includes the cost of all materials used directly in the provision of the service.
3. Subtract the cost of goods sold from your gross earnings to determine your earnings figure

Calculating Profits

Source: ehow.com
Answered by Incredible Abhi, 24 Jan '12 10:20 am

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2.

Earnings is forecasted sales minus forecasted expenses.
Profit=Selling price(S.P)-Cost Price(C.P)
Answered by pinky chinni, 24 Jan '12 10:26 am

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3.

Good Morning brother ! Plz check Ur income-tax return.....

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4.

Interesting BA
Answered by anil garg, 26 Jan '12 01:47 am

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5.

Better consult an auditor...!
Answered by Dil Se, 24 Jan '12 11:53 am

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6.

* 1

Determine your net sale by adding all of your sales income for the period. If you are using accounting software, the program will most likely perform this computation for you. If you are using a spreadsheet to track your income, create a formula to add all of your daily, weekly, or monthly sales totals. Use all collected sales receipts from the period to confirm your net sales figure.
* 2

Determine your cost of goods sold (COGS). Cost of goods sold consists of only the direct costs of your goods or services. For resellers, this is the cost paid for the merchandise. For manufacturers it includes the cost of all materials used in construction. Service providers' COGS is a bit more tricky to determine; it includes the cost of all materials used directly in the provision of the service.
* 3

Subtract the cost of goods sold from your gross earnings to determine your earnings figure.
...more
Answered by Ram, 24 Jan '12 10:21 am

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