PnL Flashcards

1
Q

Operating Profit =

A

Turnover(sales)
Less: cost of sales
Less: other operating expenses
Other operating income

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2
Q

Net interest payable =

A

Interest payable - receivable + bank charges

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3
Q

Revenue =

A

sales made during a period

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4
Q

Cost of goods =

A

Purchases - (closing - opening stock)

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5
Q

Depreciation charge =

A

NPV of year before - year present

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6
Q

What happens when you collect cash from accounts receivable?

A

Add cash
deduct accounts receivable

-> net no change

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7
Q

Expense is increased by

A

Increased liability

Decreased asset

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8
Q

Total to dividend =

A

Shares x cost/share + preference amount x preference percentage

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