Profit and loss account

Gap-fill exercise

Fill in all the gaps using drop down list, then press "Check" to check your answers.

Profit and loss account

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Use letters from the list below to match items on the Profit and Loss Account
  1. The value of stock at the end of the year has been deducted. [ ]
  2. Bank interest on the overdraft. [ ]
  3. Dividends from investments in shares with voting rights in other companies. [ ]
  4. Net invoiced amounts for sales [ ]
  5. This years profits which will not be paid out to investors. [ ]
  6. The delivery driver's wages. [ ]
  7. Money received for rent on buildings which have been let for a short time as they are not being used. [ ]
  8. This money will probably be paid out to shareholders. [ ]
  9. Telephone, stationery and legal fees. [ ]
  10. An overprovision for corporation tax from last year. [ ]