Company finance

Companies have to produce accounts every year, and one of the most important is the .................

• income statement

• balance sheet

• financial report

• gross profit

Direct cost of making the goods, such as materials costs, labour costs

• Cost of goods sold

• Gross profit

• Operating costs

• Operating profit

General costs, such as rent, utilities, insurance, salaries of office staff, marketing

• Operating costs

• Net profit after tax

• Dividends

• Retained profit

Profit before other things are taken away

• Gross profit

• Operating profit

• Net profit after tax

• Retained profit

Another word for ‘revenue’ is

• turnover

• profit

• net

• gross

Another word for ‘profit’ is

• earnings

• dividends

• turnover

• active

Money owed by the company to suppliers is called

• accounts payable

• accounts receivable.

• capital

• working capital

To keep the business running, pay its bills, etc a company needs daily .............

• working capital

• capital

• profit

• asset

“Liabilities” are everything that the company...............

• owes

• owns

• cash

• workflow

“Assets” are everything that the company .........

• owes

• owns

• balance sheet

• profit and loss