1. The sales revenue for the accounting period is the value of cash sales plus any .

2. The difference between the sales revenue and the cost of sales is known as the .

3. The amount of income earned after deducting all expenses is known as the .

4. The principle that and are recognised as they are earned and incurred and they are matched with one another and dealt with in the profit and loss account of the period to which they relate, irrespective of when is received or paid is known as the .

5. The principle that only items that are capable of being measured in monetary terms are included in the financial statements is known as the .