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Selected financial data at 31 December Year 3 E Sales Revenue 258,000 Opening Inventory 6,500 Closing Inventory 8,000 Gross Profit 120,000 NET Profit for the

Selected financial data at 31 December Year 3 E Sales Revenue 258,000 Opening Inventory 6,500 Closing Inventory 8,000 Gross Profit 120,000 NET Profit for the Year 18,000 Opening Equity 95,000 Trade P...

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