Statement of Profit and Loss

Question 1

First 3 (x on RHS)

Answer 1

Revenue
Cost of sales
Gross Profit

Question 2

Admin Expenses: (7)

Answer 2

Depreciation
Bad and Doubtful Debts
Gas and Electricity
Rent
Wages and Salaries
Business Rates
Insurance

(total)

Question 3

Two after admin exp.

Answer 3

Gain/Loss on Disposal
Operating Profit

Question 4

Bottom 4 after operating profit

Answer 4

Interest expense
Profit Before tax
Tax Expense
Profit After Tax