Gross Profit
From Open Risk Manual
Definition
Gross Profit. The amount of revenue less cost of sales.
[Refer: Cost of sales; Revenue]
Usage
Formula
Gross Profit = Revenue - Cost Of Sales
XBRL Properties
- IFRS Prefix: ifrs-smes
- Element Name: Gross profit
- Common Initials: GP
- Element Type and Attributes: Xduration, credit
- Hierarchy Level: 2
- IFRS References: [1]
References
- ↑ IFRS for SMEs5.11b[2015-12-01]Common practice
