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Edexcel A Level Business - Theme 2.3 Questions with Complete Answers| A+
Statement of comprehensive income (profit & loss account) - A financial document showing a company's income and expenditure over a particular time period, usually one year 
 
Revenue or turnover - The total income of a business resulting from sales of goods or services 
 
Gross profit - The difference between revenue/turnover and cost of sales 
 
Gross profit margin - Gross profit expressed as a percentage of revenue. Formula = (gross profit / revenue) x 100 
 
Operating profit - ...