1
Q
sales revenue
A
cash sales + credit sales
2
Q
cost of goods sold
A
opening inventories + purchases - closing inventories
3
Q
gross profit
A
sales revenue - cost of goods sold
4
Q
profit/loss for the year (net profit)
A
(gross profit + revenue income) - expenses
Unit 3 TEMPLATE 2
flashcards
Decks in class (13)
# Cards
-
Learning Outcome A133
-
Learning Outcome B72
-
Learning Outcome C45
-
Learning Outcome D53
-
Learning Outcome E75
-
Learning Outcome F55
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Calculations - Cash Flow Forecast2
-
Calculations Break-Even Analysis10
-
Calculations - Statement of Comprehensive Income4
-
Calculations - Statement of Financial Position6
-
Calculations - Measuring Profitability4
-
Calculations - Measuring Liquidity0
-
Calculations - Measuring Efficiency0
