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Identify the correct classification of the following items in a fully classified statement of profit or loss for a retail business: Depreciation of office equipment
Identify the correct classification of the following items in a fully classified statement of profit or loss for a retail business: Depreciation of office equipment Bad debts expense Telephone Freight out Discount received a. Selling, administration, financing, administration, financing b. Administration, financing, administration, selling, other income c. Financing, administration, other income, selling, administration d. Selling, administration, financing, selling, other income e. Financing, selling, administration, financing, other income
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