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A level Business > profit and loss equations > Flashcards

profit and loss equations Flashcards

1
Q

gross profit

A

revenue - cost of sales

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2
Q

cost of sales

A

opening stock + purchases - closing stock

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3
Q

net profit

A

gross profit - total expenditure

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4
Q

depreciation - straight line method

A

life expectancy

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5
Q

depreciation - reducing balance method

A

( 10% off)

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A level Business (22 decks)

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