The statement of profit and loss for JT Andrews for the financial year ended 30 June 2019

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The statement of profit and loss for JT Andrews for the financial year ended 30 June 2019 reports that the business had increased its gross profit from $123 000 in 2018 to $147 000 in 2019. Its net profit for 2019 was $59 000 compared with $49 000 in 2018.
Suggest reasons why Required:
a the gross profit may have risen b the net profit changed.
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Accounting Information For Business Decisions Accounting

ISBN: 9780170446242

4th Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh

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