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Question 1 Febcuary 2022. The mark-1p on cost of gales is 40%. REQUIRED: ifamlesta has requented you to assist the accountant in completing the following:

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Question 1

Febcuary 2022. The mark-1p on cost of gales is 40%. REQUIRED: ifamlesta has requented you to assist the accountant in completing the following: 1.1 Provide GNE advantana and dieadvantage of the periodic system. 1.2 Uee the iniomation provided to calculate: 121 Cosi of sales (10) 1.2.2 Gross profit 1.3 Provide TWO reasons why most businesses fail to achieye the intended (6) mark-up. INFORMATION: A Firant fram the Trial Balanes an 28 Fahrumn 2 n22: B No entry kas been riade for M. Babyi (a cebini) who was iscued a cresif note for goods refiamed, The dost price wes R2500

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