Abstract
Gross profit represents the excess of sales over the cost of sales. Gross profit can be expressed as a percentage of either sales or cost of sales.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 1986 Andy Simmonds
About this chapter
Cite this chapter
Simmonds, A. (1986). Accounts from Incomplete Records. In: Mastering Financial Accounting. Macmillan Master Series. Palgrave, London. https://doi.org/10.1007/978-1-349-18430-9_5
Download citation
DOI: https://doi.org/10.1007/978-1-349-18430-9_5
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-37650-8
Online ISBN: 978-1-349-18430-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)