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215 MARKS] Presented below is information for Ramadan Sweets for the year ended 31 March 2022. Cost of goods sold Salaries and wages expense Freights-out
215 MARKS] Presented below is information for Ramadan Sweets for the year ended 31 March 2022. Cost of goods sold Salaries and wages expense Freights-out Insurance expense Owner's Capital Interest expense Interest revenue REQUIRED: ALD 316,000 Rest Expenses 32,000 42,400 Sales Discount 1.230 3,200 Sales Return and allowances 2.600 4750 Sales Revenue 766,800 680,000 Other comprehensive income 12.650 12,450 Loss en disposal of plant assets 4,650 Bank loant 3,450 250,000 a Prepare an income statement. b. Prepare a comprehensive income statement -END OF QUESTION PAPER- 3 (4 marks) (1 mark)
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