WorksheetsBudget and P/L Test
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
Define 'Income'
a)
Money you spend
b)
Money you get
2.
Define 'Expenses'
a)
Money you spend
b)
Money you get
3.
Define 'Profit'
a)
The amount of money you have after you subtract expenses from income.
b)
The amount of money your project collects.
4.
Define 'Loss'
a)
Income minus expenses equals LESS than your income.
b)
The amount of money your project spends.
5.
Define 'Budget'
a)
The money you collect from school.
b)
Your prediction about how much money you will spend and earn.
6.
Define 'P/L Statement' (Profit and Loss)
a)
The money you spent from school.
b)
The money you ACTUALLY spent and earned.
7.
What is the total income amount?
a)
¥75,000
b)
¥23,000
c)
¥98,000
8.
What is the total expense?
a)
¥51,400
b)
¥97,900
c)
¥15,000
9.
Did this project make a profit or a loss?
a)
Profit
b)
Loss
10.
How much money did the project lose?
a)
¥78,000
b)
¥95,400
c)
¥17,400
100 %
