Olivia's trading company prepares accounts to 31 August each year. In the year ending 31 August 20X4,

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Olivia's trading company prepares accounts to 31 August each year. In the year ending 31 August 20X4, the following trading transactions occur:

Sales 193 306 Purchases 144.315 Sales returns 1 836 Purchases returns 63 Opening stock at 1 September 20X3 was £16 399 and closing stock at 31 August 20X4 was £17 041. What is Olivia's gross profit for the year?

a) 47797

b) 51 469

c) 47 860 d)> 5.1658.

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Financial Accounting For Non Specialists

ISBN: 9781844802050

2nd Edition

Authors: Catherine Gowthorpe

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Question Posted: Jul 09, 2024 10:01 AM

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Olivia's trading company prepares accounts to 31 August each year. In the year ending 31 August 20X4,

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Financial Accounting For Non Specialists

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