financial accounting

Slides (4)

1. 1 - Pick Answer What does a Statement of Profit or Loss summarise?

   1. A company's revenues, costs, and expenses over a period

   2. A company's assets and liabilities

   3. A company's cash balances only

   4. A company's ownership structure

2. 2 - Pick Answer What is the formula for Gross Profit?

   Revenue minus Cost of Sales

3. 3 - Pick Answer What was Greenfield Ltd's net profit for the year ended 31 Dec 2025?

   1. Kshs 1,020,000

   2. Kshs 1,920,000

   3. Kshs 900,000

   4. Kshs 4,800,000

4. 4 - Pick Answer Which of these is an operating expense from the sample statement?

   1. Revenue

   2. Cost of Sales

   3. Rent & Utilities

   4. Gross Profit