Question
Prepare Income Statement, from the following balances of Mr. Ahmad for the year ending 31/12/2021. Office rent $. 30,000 Salaries $. 80,000 Printing expenses $.
Prepare Income Statement, from the following balances of Mr. Ahmad for the year ending 31/12/2021.
Office rent $. 30,000
Salaries $. 80,000
Printing expenses $. 2,000
Stationeries $. 3,000
Tax, Insurance $. 4,000
Discount allowed $. 6,000
Advertisement $. 36,000
Travelling expenses $. 26,000
Gross Profit $. 250,000
Discount received $. 4,000
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Ahmad Income statement for the year ended 31st December 2021 Description Amount Amount Gross p...
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
