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View Full Version : Multi-step financial statement


1confusedgirl
Apr 15, 2008, 06:35 PM
I am really confused as to how to format a multi-step fianancial statement. :confused: What do I start with? Sales Revenue or Gross Profit?

russell23
Apr 20, 2008, 08:13 PM
Start with Sales Revenue, the subtract Sales Returns and Allowances as well as Sales discounts. Then subtract Cost of Goods Sold. This will give you Gross Margin. russell23