Question
Kezza runs a small business.Her opening stock for CIY was $4,000.During the year there was sales income of $30,000 and purchases of $5,000.The closing balance
Kezza runs a small business.Her opening stock for CIY was $4,000.During the year there was sales income of $30,000 and purchases of $5,000.The closing balance of stock at the end of the CIY was $6,000.What is the taxable income from trading for the CIY?
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Financial Accounting
Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello
17th edition
978-1259692390
