Hi my sales is R 2 500 000. My expenses are R 1 043 994. My liabilities is R 743 228. The package is working out my net profit at R 1 456 000. Why is this so it should be R 712 778 if you take the liabilities into account. Please help thanks
profit or loss of a business is summarized by the revenues, costs, and expenses incurred during a specific period of time whereas Liabilities and Assets are part of your Balance Sheet.
your question is related with accounting basics. you can learn about the same by simple google search.
ok thank you