basic formula and orders

Question 1

elements of the statement of profit or loss

Answer 1

revenue
cost of sales
gross profit
distribution costs
admin expenses
operating profit
finance costs
profit before tax
tax expense
profit after tax

Question 2

equity

Answer 2

assets - liabilities

Question 3

statement of financial position

Answer 3

non current assets
current assets
current liabilities
non current liabilities
net assets
equity