I want my manufacturing income statement showing conventional way can someone helps me how to do it.
INCOME & STATEMENT
A Sales XXXXXXXX
B Cost of Sales
Opening Stock xxxxxxxxx
Add Purchases xxxxxxxxx
Total Purchases xxxxxxxxx
Less Closing Stock xxxxxxxxx
Total Cost of Sales xxxxxxxxx
C A-B Gross Profit xxxxxxxxx
D Less Geneal Admin Expenses xxxxxxxxx
C-D Net Profit xxxxxxxxx