Profit and Loss

Profit before other things are taken away

• Gross profit

• Operating profit

• Net profit after tax

• Retained profit

Selling something for less than you buy it for .....

• Loss

• Share

• Demand

• Interest

Income greater than expenses ......

• Profit

• Demand

• Share

• Loss

Money that is put into a business to make a profit .....

• Investment

• Share

• Interest

• Loss

The term used to describe the money earned from selling goods or services before any expenses are deducted is called?

• Gross profit

• Net profit

• Operating profit

• Retained profit

What is the term for the financial result when expenses exceed revenues?

• Loss

• Profit

• Investment

• Share

Which word describes the financial gain when revenue is more than expenses?

• Profit

• Loss

• Demand

• Share

What is the term for the money invested in a business with the expectation of earning a profit?

• Investment

• Interest

• Share

• Loss

Which term refers to the amount of money left after all expenses have been deducted from total revenue?

• Net profit

• Gross profit

• Operating profit

• Retained profit

What is the term for the profit remaining after all taxes have been paid?

• Net profit after tax

• Gross profit

• Operating profit

• Retained profit