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WorksheetsMoP Recap Session Week 10
Total questions: 45
Worksheet time: 4hrs 50mins
Cost of Sale A. ?
in £
OPENING STOCK + PURCHASES - CLOSING STOCK
(a)
Cost of Sale B. ?
in £
OPENING STOCK + PURCHASES - CLOSING STOCK
(a)
Cost of Sale C. ?
in £
OPENING STOCK + PURCHASES - CLOSING STOCK
(a)
Cost of Sale D. ?
in £
(a)
Cost of Sale D. ?
in £
(a)
In £, Gross Profit A.?
(a)
In £, Gross Profit B.?
(a)
In £, Gross Profit C.?
(a)
In £, Gross Profit D.?
(a)
In £, Gross Profit E.?
(a)
In £, Gross Profit % A.?
(a)
In £, Gross Profit % B.?
(a)
In £, Gross Profit % C.?
(a)
In £, Gross Profit % D.?
(a)
In £, Gross Profit % E.?
(a)
In £, NET Profit % A.?
(a)
In £, NET Profit % B.?
(a)
In £, NET Profit % C.?
(a)
In £, NET Profit % D.?
(a)
Witch of the following does NOT appear in the Trading Account?
SALES
Gross Profit
Cost of sales
Overheads
Witch 2 of the following does NOT appear in the Profit & Loss Account?
NET PROFIT
Gross Profit
Cost of sales
Overheads
WHICH of the following does appears in BOTH the Trading and Profit & Loss Account?
ASSETS
SALES
NET PROFIT
CASH IN BANK
How is Cost of Sales calculated?
Opening stock + PURCHASES - Closing Stock
Opening stock - PURCHASES + Closing Stock
Opening stock / PURCHASES x Closing Stock
Opening stock x PURCHASES / Closing Stock
How is GROSS PROFIT calculated?
Net Profit - SALES
SALES - Cost of Sales
Cost of sales - Overheads
Purchases + Opening stock
How is GROSS PROFIT % calculated?
(Net Profit / SALES) x 100
(SALES / Cost of Sales)
x 100
(Cost of sales / Overheads) x 100
(Gross Profit / SALES) x 100
P&L example Exercise
What is A.?
101000
100100
100000
95000
P&L example Exercise
What is B.?
10000
15000
20000
200000
P&L example Exercise
What is C.?
20.0%
25.0%
20.5%
20.2%
P&L example Exercise
What is D.?
9000
10000
10500
11000
P&L example Exercise
What is E.?
10%
13%
15%
16%
P&L example Exercise
What is F.?
120000
12500
125000
126000
P&L example Exercise
What is G.?
49%
50%
50.9%
51%
P&L example Exercise
What is I.?
( ) = MINUS AMOUNT
(2500)
25000
(250000)
(25000)
P&L example Exercise
What is I.?
( ) = MINUS AMOUNT
(2500)
25000
(250000)
(25000)
P&L example Exercise
What is J.?
( ) = MINUS AMOUNT
8.3%
(8.2%)
(8.3%)
(8.4%)
P&L example Exercise
What is K.?
190000
20000
200000
202000
P&L example Exercise
What is L.?
700000
700700
707000
070700
P&L example Exercise
What is O.?
10000
100010
100000
100100
Assets are what you .......
OWE
OWN
PAY
ORDER
Assets = .......
LIABILITIES + CAPITAL
LIABILITIES - CAPITAL
LIABILITIES / CAPITAL
LIABILITIES x CAPITAL
Which of the following would appear in a balance sheet?
Travel Expenses
Cost of Sales
Equipment
Marketing
Which of the following is a NOT a FIXED ASSET?
Premises
Cost of Sales
Equipment
Fixtures & Fittings
Which of the following is a Current Asset?
(2 answers)
Creditors
Cost of Sale
Cash
Bank Overdraft
Current Liabilities are......?
(2 answers)
Paid within a year
Something we own
Something we owe
Take more than a year to pay
Current Asset - Current Liabilities = ......?
Tax on Capital invested
Long Term Assets
Long Term Liabilities
Working Capital
