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Question
Match the following:
| (i) | Gross profit | (a) | The explanatory notes to financial statements |
| (ii) | Operating profit | (b) | Amounts receivable by the company |
| (iii) | Sundry Debtors | (c) | Amounts payable by the company |
| (iv) | Sundry Creditors | (d) | Sales - Cost of good sold |
| (v) | Schedules | (e) | Gross profit - Operating expenses |
| (vi) | Net profit | (f) | Operating profit - interest and tax |
Options
(i) - (d), (ii) - (e), (iii) - (b), (iv) - (c), (v) - (a), (vi) - (f)
(i) - (e), (ii) - (d), (iii) - (b), (iv) - (c), (v) - (a), (vi) - (f)
(i) - (e), (ii) - (d), (iii) - (b), (iv) - (c), (v) - (f), (vi) - (a)
(i) - (e), (ii) - (u), (iii) - (c), (iv) - (b), (v) - (a), (vi) - (f)
MCQ
Match the Columns
Solution
(i) - (d), (ii) - (e), (iii) - (b), (iv) - (c), (v) - (a), (vi) - (f)
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