SFP/SPL

Question 1

whats the sections in order for SPL

Answer 1

Revenue
Cost of sales
Gross profit

operating expences
other operating income
operating profit

interest expences
profit before tax

coroportation tax
profit for the year

Question 2

whats in cost of sale

Answer 2

opening inventory
purchases
less closing inventory
* less inventory write down

Question 3

what tricky things are in operating expences

Answer 3

bad debt expence
payable ledger write off
depreciation expence

Question 4

which two places does an invnetory write down go

Answer 4

less closing inventory - SPL
less purchases - SFP