Profit and Loss/Income Statement Formulas - IB Bus Man SL 1
0.0(0)
Studied by 0 people
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/6
Last updated 6:48 PM on 4/9/26
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
7 Terms
1
New cards
Gross surplus
sales revenue - COS
2
New cards
Cost of sales
opening stock + purchases - closing stock
3
New cards
Surplus/profit before interest
gross surplus/profit - total expenses
4
New cards
Surplus/profit before tax
Surplus/profit BI - Surplus/profit BT
5
New cards
Surplus/profit for period
surplus/profit BT - tax
6
New cards
retained surplus/profit
surplus/profit for period
7
New cards
sales revenue/sales turnover
selling price * quantity sold