HELP: TRADING, PROFIT AND LOSS

[Becky Blue]

Hi! I'm a young student who requires knowledge on the T,P,L account which i'm struggling with.
On our upcoming exam, we were told that it'll be showing up.. and the teacher said that in T,P,L
we were to remember this Format to help us:

-Opening Capital
-Capital Contributions
-Drawings
-Closing Capital
-Sales
-Cost of Goods Sold
-Operating Expenses
-Net Profit/ (Loss)


Now that i have the format, I'm unsure on HOW to calculate it. Please do help!

Thank you xx

 

[Rashed Bin Hares]

Closing Capita = Opening Capital + Capital Contributions - Drawings
Net Profit/ (Loss) = Sales - Cost of Goods Sold - Operating Expenses