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I need the answer as soon as possible From the following Profit and Loss Account AVS Ltd., for the years 2002 and 2003, you are
I need the answer as soon as possible
From the following Profit and Loss Account AVS Ltd., for the years 2002 and 2003, you are required to prepare a Comparative Income Statement Statements of Profit and Loss Account Particulars 2002 2003 Rs. Rs. Net sales 4,000 5.000 Less : Cost of goods sold 3,000 3,750 Gross Profit 1,000 1,250 Less : Operating Expenses Office and Administrative Expenses 200 250 Selling and Distribution Expenses 225 300 Total Operating Expenses 425 550 Net Profit 575 700Step by Step Solution
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