Difference between revisions of "Gross Profit"
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Wiki admin (talk | contribs) (Created page with "== Definition == '''Gross Profit'''. The amount of revenue less cost of sales. [Refer: Cost of sales; Revenue] == Usage == * Income Statement == XBRL Properties == * IF...") |
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== Usage == | == Usage == | ||
* [[Income Statement]] | * [[Income Statement]] | ||
| + | |||
| + | == Formula == | ||
| + | Gross Profit = [[Revenue]] - [[Cost Of Sales]] | ||
== XBRL Properties == | == XBRL Properties == | ||
* IFRS Prefix: ifrs-smes | * IFRS Prefix: ifrs-smes | ||
* Element Name: Gross profit | * Element Name: Gross profit | ||
| − | * Common Initials: | + | * Common Initials: GP |
* Element Type and Attributes: Xduration, credit | * Element Type and Attributes: Xduration, credit | ||
* [[Accounts Hierarchy Structure | Hierarchy Level]]: 2 | * [[Accounts Hierarchy Structure | Hierarchy Level]]: 2 | ||
Latest revision as of 14:33, 13 April 2021
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
