Budget and P/L Test

Define 'Income'

• Money you spend

• Money you get

Define 'Expenses'

• Money you spend

• Money you get

Define 'Profit'

• The amount of money you have after you subtract expenses from income.

• The amount of money your project collects.

Define 'Loss'

• Income minus expenses equals LESS than your income.

• The amount of money your project spends.

Define 'Budget'

• The money you collect from school.

• Your prediction about how much money you will spend and earn.

Define 'P/L Statement' (Profit and Loss)

• The money you spent from school.

• The money you ACTUALLY spent and earned.

What is the total income amount?

• ¥75,000

• ¥23,000

• ¥98,000

What is the total expense?

• ¥51,400

• ¥97,900

• ¥15,000

Did this project make a profit or a loss?

• Profit

• Loss

How much money did the project lose?

• ¥78,000

• ¥95,400

• ¥17,400