Statement of profit or loss and Balance sheet Flashcards
(9 cards)
Statement of profit or loss
Sales Revenue
Cost of Sales
Gross profit
Expenses
Profit before interest and tax
Interest
Profit before tax
Tax
Profit for period
Dividends
Retained profit
Balance sheet
Non - current assets
Current assets
Total assets
Current liabilities
Non - current liabilities
Total liabilities
Net assets
Equity
Total equity
Non-current assets
Property, plant, and equipment
Accumulated depreciation
Current assets
Cash
Debtors
Stock
Current liabilities
Bank overdraft
Trade creditors
Other short-term loans
Non-current liabilites
Borrowings
Equity
Share capital
Retained earnings
Cash flow forecast
Opening balance
Cash inflows
Total cash inflow
Cash outflows
Cash outflow
Net cash flow
Closing balance
Budget
Revenue
Sales revenue
Interest earned
Total revenues
Costs
Salaries and wages
Materials
Rent
Advertising
Electricity
Total costs
Excess of revenues over (under) costs
