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Question 3 a) Landuss runs a food stall and has very little accounting knowledge. He can only provide the following information with regards to
Question 3 a) Landuss runs a food stall and has very little accounting knowledge. He can only provide the following information with regards to his business for the year ended 31.12.2021. Profit Markup is fixed at 20% of Cost of Goods Sold Opening inventory $2,700 Closing inventory $3,400 Purchases $35,750 Complete Landuss's income statement with the above figures.
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