# Revenue and costs

Revenue and costs
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Slide 1: Tekstslide
EconomieMiddelbare schoolvwoLeerjaar 3

In deze les zitten 15 slides, met interactieve quiz en tekstslides.

Lesduur is: 45 min

## Onderdelen in deze les

Revenue and costs

#### Slide 3 -Tekstslide

assets - debts = equity
900 - 400 = 500

Assets
Debts
Inventory
€ 500
Equity
€ 500
Goods
€ 300
Bankloan
€ 300
Cash
€ 100
Creditors
€ 100
Total
€ 900
Total
€ 900

#### Slide 4 -Tekstslide

Expenditure and costs
Expenditure = uitgave             Cost = kosten
You buy a car of € 15,000. You pay cash. This is an expenditure.
It's not a cost.
Assets
Debts
Car
+ € 15,000
Cash
- € 15,000

#### Slide 5 -Tekstslide

Effect of a purchase of a fixed asset
The total amount of assets doesn't change. The equity remains the same
Assets
Debts
Car
+ € 15,000
Cash
- € 15,000

#### Slide 6 -Tekstslide

Example of car related costs
You have to pay insurance premium € 25 per month by bank.
This is a cost. You spend € 25 and do not get a asset in return.
Total amout of assets decreases. Equity decreases as well.
This is also an expenditure
Assets
Debts
Bank
- € 25
Equity
- € 25

#### Slide 7 -Tekstslide

Another example of an expenditure but not a cost: repayment of debt
Jimmy has a bank loan of € 300. Repayment per year is € 100 by bank

Equity doesn't change. Assets decreases with € 100 and debts also decreases with € 100
Assets
Debts
Bank
- € 100
Bank loan
- € 100

#### Slide 8 -Tekstslide

Another example of expenditure but not a cost: purchase of goods
Jimmie purchases goods (butter, lettuce) for an amount of
€ 50. He doesn't pay in cash but receives a bill

Equity is not affected. Total assets increase but debts also increase.
Assets
Debts
Goods
+ € 50
Creditors
+ € 50

#### Slide 9 -Tekstslide

Expenditure
Costs
Purchase of fixed asset
Yes
No
Purchase of goods
Yes
No
Repayment of debt
Yes
No
Depreciation
No
Yes
Wages
Yes
Yes
Insurance
Yes
Yes
Gas
Yes
Yes
Most of the expenditures
Yes
Yes

#### Slide 10 -Tekstslide

Do exercise 3 type in:
A = ....
B =.... etcetera

#### Slide 12 -Tekstslide

Changes to the profit and loss account: costs
Paying wages € 3,000

Wage costs
+ 3,000

#### Slide 13 -Tekstslide

Changes to the profit and loss account: turnover
You make € 5,000 by selling tablets. The costs of sales is
€ 2,000

Costs of sales
+ 2,000
Turnover
+ 5,000

Exercise 5 - 8