The Anderson Company in 1.8 has been in business for two years only. It started on 1
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The Anderson Company in 1.8 has been in business for two years only. It started on 1 July 19X 1 with £4000 cash borrowed from the bank. At 30 June 19X2 it had inventory £2000, debtors £3000, machinery £3000, and a bank overdraft of £3000. What is its profit for each of the two years to 30 June 19X3?
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