Ch 32 - Key terms 0.0 / 5 ? Business Studies-IGCSENone Created by: a f.vCreated on: 03-12-14 12:07 Distributed profit Profit that is returned to the owner of a business 1 of 10 Divedened Money paid to shareholders (Owners of the business) when profit is distributed 2 of 10 Gross profit Sales revenue less cost of sales 3 of 10 Net profit Gross profit less expenses 4 of 10 Profit The money left over after all costs have been subtracted from the revenue 5 of 10 Profit and loss account or income statment A finical document showing a firm's income and expenditure in a particular time period 6 of 10 Profit and loss account Shows how net profit is calculated by subtracting expenses from gross profit 7 of 10 Profit and loss appropriation account Shows hows the profit after tax is distributed between owners and the business 8 of 10 Retained profit Profit that is kept by the business and may be used in the future 9 of 10 Trading account Shows how gross profit is calculated by subtracting cost of sales from turnover 10 of 10
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