Statement of Profit or Loss (Income Statement)

The statement of profit and loss (income statement) illustrates the amount of profit or loss made by a business from its trading activities for a specified period of time.

This pack contains fill in the gap style questions to support students in practising the construction of final accounts;

• calculation of cost of sales
• calculation of gross profit and profit before and after tax and interest.

The questions can be printed out for student, displayed on a whiteboard or posted on a VLE.

This resource is suitable for a range of business studies qualifications including
A Level Business Studies
GCSE Business Studies
IB Business Management
BTEC Business Studies