1) Sales Revenue means a) money coming in b) money going out 2) In an income statement, GP means a) General Profit b) Gross Profit c) Great Profit 3) Which of the following is not listed as an expense in an income statement? a) Purchases b) Rent c) Light & Heat d) Wages e) Vehicle Expenses 4) Sales Revenue - Cost of Sales = a) Profit for the Year b) Cost of Sales c) Expenses d) Gross Profit 5) Gross Profit - Expenses = a) Gross Profit b) Expenses c) Cost of Sales d) Profit for the Year

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