How can find out profit into balance sheet?

Answer 1

You can do this by creating an income statement, where you minus the costs of good from sales and then also minus expenses from this number, this profit is then added to your retained earnings number on the balance sheet.

Answer 2

To determine profit in a balance sheet, you would need to look at the income statement. The income statement shows revenues and expenses for a specific period, such as a year. At the end of the period, the net income (profit) is transferred to the balance sheet as retained earnings. The retained earnings section of the balance sheet will show the accumulated profit over time.