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Home > Margerp > General Queries > If Gross Profit in Profit & Loss A/C does not match with Todays' Gross Profit in Marg Software ?
If Gross Profit in Profit & Loss A/C does not match with Todays' Gross Profit in Marg Software ?
Cause:
This Mis-match appears due to Difference in Formula for the Calculation Gross Profit in Profit & Loss A/C and in Todays' Gross Profit.
1. Formula of Gross Profit calculation in Profit and Loss A/c:
Opening Stock + Purchase + Direct Expenses - Sales - Direct Income - Closing Stock.
2. Formula of Gross Profit calculation in Today's Gross Profit:
Gross Profit = Sales - Cost of Goods Sold.
Due to this Goss Profit of Profit & Loss A/C does not match with Today's Gross Profit in Marg Software.
