Fill in the missing words in the sentences below. Choose from the box 1.

AS AZ Designs Ltd is a small printing company, all their printing contract are known as ordinary activities 2. Recently, a firm company paid AZ Designs a large volume of money to use the companys premises when they were making a film. This was recorded in the profit and loss account as income 3. Income which the company makes in its normal activities is known as 4. At the end of the year, some of the profits may be shared out among the shareholders who will receive a . 5. The costs of getting the goods to the customers are known as costs in the Profit and loss account 6. Materials which are used up in manufacturing and workers wages are recorded as . 7. The secretarys salary and expenses incurred in the office are shown as . 8. The company may decide to keep some of the profits at the end of the year and the amount as shown as .. profits.

Distribution Dividend

cost of sale administrative expenses

extraordinary retained

ordinary revenue

Match the items (1-10) and the entries (a-j) from a Trading and Profit and Loss Account $000 Revenue Cost of sale Gross profit Distribution costs Administrative expenses Operating profit Share of profit of associates Financial income Extraordinary income Finance costs Profit on before tax Tax on profit on ordinary activities Profit attributable to shareholders Proposed ordinary dividend Retained profits carried to next year 1. 2. 3. 4. 5. 6. 7. 4 1 6 9 3 7 2 10 8 5 A B C D E H F G I J 60 45 10 5 15 $000 900 (550) 350 (105) 245

30 (15) 260 (60) 200 50 150

The value of stock at the end of the year has been deducted to arrive at this figure Bank interest on the overdraft Dividend from investments in shares with voting rights in other companies Net invoiced amounts for sales This years profits which will not be paid to investors The delivery drivers wages Money received for rent on buildings which have been let for a short time as they are not being used 8. This money will probably be paid out to shareholders. 9. Telephone, stationery and legal fees 10. An overprovision for corporate tax from last year