
Income Statement 1 Key Terms
Authored by Donal Reilly
Business
8th Grade
Used 1+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Value of goods and services sold by the business
Sales
Sales Returns
Purchases
Opening Stock
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods or Services returned by the customer
Sales Returns
Opening Stock
Carriage Inwards
Cost of Sales
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The cost of goods bought by the business in a year
Opening Stock
Purchases
Gross Profit
Carriage Outwards
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The taxes paid for bringing goods into the country
Import/Customs
Purchases
Cost of Sales
Sales
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business has sales of 80,000
Cost of sales of 35,000
What is the gross profit or loss?
55,000 Profit
45,000 Profit
30,000 Loss
50,000 Profit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT part of the cost of sales?
Purchases
Carriage Inwards
Opening Stock
Sales
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
9 questions
Marketing Philosophies Review
Quiz
•
KG - 11th Grade
10 questions
Understanding Business Revision
Quiz
•
8th Grade
11 questions
Business & the Economy
Quiz
•
6th Grade - University
10 questions
Gestion à l'aide de CRMpro (FR)
Quiz
•
1st - 12th Grade
11 questions
Finance Park
Quiz
•
8th Grade
10 questions
Cyril's SWAG Hairdresser
Quiz
•
6th - 8th Grade
10 questions
cashbook
Quiz
•
8th Grade
7 questions
Component 3 - Promotion 1
Quiz
•
8th - 11th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
20 questions
Figurative Language Review
Quiz
•
6th Grade