Overview
We have introduced an additional line in the ‘Periodic Trial Balance’ to display the net profit percentage. This is calculated as follows: (Profit for the year/Sales Year till Date)*100 = Net Profit Percentage.
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For more details see below:
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Fig 1. Sales Year To Date
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Fig 2. Profit for the year and Net profit percentage is highlighted with red mark.
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Here Figure 1 shows: Sales YTD= 61967.89
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Figure 2 shows. Profit for the Year = 42695.34
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So the Net Profit % is = (42695.34/61967.89)*100 =68.90
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