Chapter 3 — Profit & Loss Statement
Revenue is growing, but why is Gross Profit falling? Discover how Cost of Sales (COGS) affects profitability and why controlling direct costs is essential for business performance. Learn to calculate Gross Profit and Gross Margin, distinguish direct costs from operating expenses, and identify how labour, materials and subcontractors influence financial results. Through practical business examples, explore how incorrect GL account classifications can distort profitability.
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