Profit and Loss Worksheet
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Profit and Loss Worksheet
📋 Part A: Business Terminology Sort
Instructions: Read each statement below. Label each as Revenue, Expense, or Neither.
This is: ________________
This is: ________________
This is: ________________
This is: ________________
This is: ________________
This is: ________________
💰 Part B: Profit and Loss Calculations
Remember: Profit = Revenue − Expenses
Show your working:
Profit amount: $________ Is this a profit or loss? ________________
Show your working:
Profit amount: $________
Write the subtraction equation:
________________ − ________________ = ________________
Show your working:
Is this a profit or loss? ________________ Amount: $________
✍️ Part C: Justification
The business had revenue $________ and expenses $________, so the profit/loss is $________ because
🎯 Part D: Exit Check
Write the equation: ________________ − ________________ = ________________
Show your working:
Final statement: This business made a ________ of $________ because ________________
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