THE PROFIT & LOSS ACCOUNT

1. What does a company’s annual report contain? ……………………………………………………………

2. What difference does the profit and loss account
contain?...............................................................................................................................
3. Mention some non-profit organizations:
……………………………………………………………………………………………………………….
4. What do you call „surplus” in case of non-profit organizations?
…………………………………………………………………………………………………………………………
…………..
5. What do you write at the top of a profit and loss account?..............................................
6. What is „revenue”, or in other words „turnover”?
…………………………………………………………………………………………………………………………
……………..
7. What does the abbreviation „COGS” stand for? ……………………………………………………………..
8. SALES REVENUE – COST OF SALES =
………………………………………………………………………………..
9. Expenses ,such as rent, electricity, office salaries are often grouped together as
………………………………………………………………………..…………………………, in short SG&A.
10. EBIDTA is short for
…………………………………………………………………………………………………………….
11. EBIT is short for
……………………………………………………………………………………………………………….
12. The net profit is ofetn called
……………………………………………………………………………………………
13. The profit can be distributed as …………………………………………………………………………………….
14. The profit can be transfered to …………………………………………………………. ……….. to accumulate
money for later usage.
15. The details of money coming into and/or leaving the company are shown in a
…………………………………………………………………………………………………………………………
………………..
16. The cash flow statement shows how ……………….……………………. a company manages cash.
17. Investing means
buying………………………………………………………………………………………………….
18. Financing means ………………………………. or ………………………..debt, or issuing ……………………
19. Operation means
…………………………………………………………………………………………………………
20. STRGL is the short for
…………………………………………………………………………………………………….