From the extract general ledger accounts of H Mercure (see figure 9.34), prepare an income statement for

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From the extract general ledger accounts of H Mercure (see figure 9.34), prepare an income statement for the year ended 31 March 2022, where accounts are not grouped under headings. image text in transcribed

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Accounting An Introduction To Principles And Practice

ISBN: 9780170403832

9th Edition

Authors: Edward A. Clarke, Michael Wilson

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Question Posted: Feb 23, 2024 03:01 PM

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From the extract general ledger accounts of H Mercure (see figure 9.34), prepare an income statement for

Question:

Inventory [opening] Purchases Trading 1 200 Sales 11 960 Inventory [closing] Profit and Loss [gross pr] 10 840 24 000 22 900 1 100 24 000 Wages Office Expense Vehicle Expense Capital [net profit] Profit and Loss 5 152 Trading (gross profit] 267 Other Revenue 585 6346 12 350 10 840 1510 12 350

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Accounting An Introduction To Principles And Practice

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