=+3. The rate of Gross Profit will be 20 per cent of the sales. 4. Stock at

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=+3. The rate of Gross Profit will be 20 per cent of the sales.

4. Stock at the end of the first year will be £1,500.

You are asked to show (giving your calculations)

(a) The value of sales necessary to produce the required net profit.

(b) The amount of purchases for the year.

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Accounting Principles And Practice

ISBN: 9781483169354

1st Edition

Authors: S. Hall, N. Skene Smith

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Question Posted: Sep 02, 2024 04:01 AM

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=+3. The rate of Gross Profit will be 20 per cent of the sales. 4. Stock at

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Accounting Principles And Practice

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