Profit and loss accounts made simple

Hi year 11

today we will look at profit and ;loss accounts and the ration of the two profits over sales

Click on this Pizza PowerPoint here to secure your knowledge after the lesson if you need to.

Activity One

Three sets of accounts that need to be un-muddled - who's the accountant in the room

Activity Two

Secure the C in GCSE paper two click here for the Calculating Profit worksheet

Secure the higher mark by clicking here to do the Profit & how to improve it worksheet

Next lesson we will look at Balance sheets if you need to read up on them before.

Paper two will only have Profit and Loss, Balance Sheet and Ratio questions in it so if you get a 20 mark question make sure that you know your stuff!

Good luck and enjoy

Mr T