=+2.t Ben White, a retailer, adds 25 % to the cost of goods purchased for resale to

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=+2.t Ben White, a retailer, adds 25 % to the cost of goods purchased for resale to arrive at his selling prices.

His financial position at 30th June, 1961 was:

Assets: Plant & Machinery 5,000 Stock 3,825 Debtors 7,175 Cash at Bank 2,200 Liabilities: Creditors 3,000 Loan from Z. 2,000 During the year ended 30th June, 1962 he:

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Accounting Principles And Practice

ISBN: 9781483169354

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Authors: S. Hall, N. Skene Smith

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=+2.t Ben White, a retailer, adds 25 % to the cost of goods purchased for resale to

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Accounting Principles And Practice

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