Profit and Loss Quiz

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Test your P&L knowledge

Created by

Mar Jolaine

Philippines

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Profit and Loss QuizOnline version Test your P&L knowledge by Mar Jolaine 1 Net income is shown on the income statement. Yes No 2 Break-even point is where total revenue equals total costs. Yes No 3 Gross profit is revenue minus cost of goods sold. Yes No 4 Profit is the same as cash flow from operations. Yes No 5 Depreciation increases cash flow. Yes No 6 Profit equals total revenue minus total expenses. Yes No 7 Net profit equals gross profit minus operating expenses only. Yes No 8 When revenue increases, profits always increase. Yes No 9 A loss only occurs if there are negative cash flows. Yes No 10 Operating profit excludes non-operating items like interest and taxes. Yes No 11 PROFIT IS THE DECREASE IN THE VALUE OF INVESTMENT Yes No 12 GROSS MEANS TOTAL AMOUNT WITHOUT DEDUCTIONS Yes No

Profit and Loss QuizOnline version

Test your P&L knowledge

by Mar Jolaine

Net income is shown on the income statement.

Yes

Break-even point is where total revenue equals total costs.

Yes

Gross profit is revenue minus cost of goods sold.

Yes

Profit is the same as cash flow from operations.

Yes

Depreciation increases cash flow.

Yes

Profit equals total revenue minus total expenses.

Yes

Net profit equals gross profit minus operating expenses only.

Yes

When revenue increases, profits always increase.

Yes

A loss only occurs if there are negative cash flows.

Yes

Operating profit excludes non-operating items like interest and taxes.

Yes

PROFIT IS THE DECREASE IN THE VALUE OF INVESTMENT

Yes

GROSS MEANS TOTAL AMOUNT WITHOUT DEDUCTIONS

Yes

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

Profit and Loss Quiz

Yes or No

About this activity

Created by

Download the paper version to play

Top Games

Yes or No

Foot and Ankle Anatomy Quiz

Yes or No

Is it true?

Yes or No

Grammys for best song/record

Yes or No

Is it created with Artificial Intelligence? - Complete game

Yes or No

Adjective Checker

Profit and Loss QuizOnline version

by Mar Jolaine

Net income is shown on the income statement.

Break-even point is where total revenue equals total costs.

Gross profit is revenue minus cost of goods sold.

Profit is the same as cash flow from operations.

Depreciation increases cash flow.

Profit equals total revenue minus total expenses.

Net profit equals gross profit minus operating expenses only.

When revenue increases, profits always increase.

A loss only occurs if there are negative cash flows.

Operating profit excludes non-operating items like interest and taxes.

PROFIT IS THE DECREASE IN THE VALUE OF INVESTMENT

GROSS MEANS TOTAL AMOUNT WITHOUT DEDUCTIONS

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