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From the following balances you are required to prepare an Income Statement and answer the following questions. Account details Amount in OMR Sales 21000
From the following balances you are required to prepare an Income Statement and answer the following questions. Account details Amount in OMR Sales 21000 Purchases 16400 Purchase returns 400 Sales returns 1000 Opening stock 4000 Closing stock 6000 Wages 1000 Salaries 1200 Rent expenses 800 Office expenses 400 Discount received 600 Commission received 800
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