PnL Flashcards
1
Q
Operating Profit =
A
Turnover(sales)
Less: cost of sales
Less: other operating expenses
Other operating income
2
Q
Net interest payable =
A
Interest payable - receivable + bank charges
3
Q
Revenue =
A
sales made during a period
4
Q
Cost of goods =
A
Purchases - (closing - opening stock)
5
Q
Depreciation charge =
A
NPV of year before - year present
6
Q
What happens when you collect cash from accounts receivable?
A
Add cash
deduct accounts receivable
-> net no change
7
Q
Expense is increased by
A
Increased liability
Decreased asset
8
Q
Total to dividend =
A
Shares x cost/share + preference amount x preference percentage
