Profit and Loss Account
1 / 24
La durée de la leçon est: 50 minÉléments de cette leçon
Slide 1 - Diapositive
1. What do we mean by profit?
2. What do we mean by loss?
3. How is a business profit/loss calculated?
2. What do we mean by loss?
3. How is a business profit/loss calculated?
Slide 2 - Question ouverte
Slide 3 - Diapositive
Slide 4 - Diapositive
Slide 5 - Diapositive
What do we mean by 'a given time period'?
Slide 6 - Question ouverte
Slide 7 - Diapositive
Slide 8 - Diapositive
Slide 9 - Diapositive
Slide 10 - Diapositive
1. Name 2 cost of sales
2. Name 2 expenses
2. Name 2 expenses
Slide 11 - Question ouverte
Slide 12 - Diapositive
Slide 13 - Diapositive
Slide 14 - Diapositive
Slide 15 - Diapositive
Slide 16 - Diapositive
What is the gross profit?
Revenue = £160,000
Cost of sales = £30,000
Expenses = £30,000
Revenue = £160,000
Cost of sales = £30,000
Expenses = £30,000
Slide 17 - Question ouverte
What is the net profit?
Revenue = £160,000
Cost of sales = £30,000
Expenses = £30,000
Revenue = £160,000
Cost of sales = £30,000
Expenses = £30,000
Slide 18 - Question ouverte
What is the gross profit?
Revenue = £110,000
Cost of sales = £100,000
Expenses = £30,000
Revenue = £110,000
Cost of sales = £100,000
Expenses = £30,000
Slide 19 - Question ouverte
What is the net profit?
Revenue = £110,000
Cost of sales = £100,000
Expenses = £30,000
Revenue = £110,000
Cost of sales = £100,000
Expenses = £30,000
Slide 20 - Question ouverte
The ___________ of BKL Ltd is £52,000.
It was calculated by subtracting the direct cost linked to selling products & services from the money made by the business.
It was calculated by subtracting the direct cost linked to selling products & services from the money made by the business.
A
Gross profit
B
Net profit
C
Cost of sales
D
Expenses
Slide 21 - Quiz
The ___________ of JoY Ltd is £267,000.
It was calculated by subtracting the costs of running the business not linked to selling products & services from the gross profit.
It was calculated by subtracting the costs of running the business not linked to selling products & services from the gross profit.
A
Gross profit
B
Net profit
C
Cost of sales
D
Expenses
Slide 22 - Quiz
The ___________ of KolaKola Ltd is £4,500.
It can be best described as all direct costs linked to selling products & services.
It can be best described as all direct costs linked to selling products & services.
A
Gross profit
B
Net profit
C
Cost of sales
D
Expenses
