A-Level CAIE Business A2 10.1.1—Statement of profit or loss Question Bank

• Statement of profit or loss

- the meaning and purpose of the statement of profit or loss

- the contents of a statement of profit or loss: revenue, cost of sales, gross profit, expenses, profit from operations (operating profit), taxation, profit for the year, dividends, retained earnings

- amendment of a statement of profit or loss

- the impact on the statement of profit or loss of a given change