1. A Dillon's Income statement for the year ending 31 March 20Y0 £ £ £ Sales Revenue 10,100 Less: Returns 50 10,050 Less: Cost of sales: Inventory at 1 Apr 20X9 2,000 Add: Purchases 7,000 Carriage inwards 100 7,100 Less: Returns 200 6,900 8,900 Less: Inventory at 31 Mar 20Y0 3,000 5,900 Gross profit 4,150 Returns outward amounted to:
2. Multiple Choice
3. £50
4. £200
5. £100
6. £150